53 Faraday Grove

    53, FARADAY GROVE, GATESHEAD, GATESHEAD, NE8 4UL

    This flat/maisonette leasehold property on Faraday Grove last sold in December 2005 for £16,000. Based on price growth in the NE8 district since then, its estimated current value is £20,223 — placing it in the 0th percentile nationally and the 0th percentile within NE8. The property covers 65 m² (700 sq ft), giving an estimated value of £311 per m². The EPC rating is D, with a potential rating of D.

    Type

    Flat/Maisonette

    Tenure

    Leasehold

    Floor Area

    700 sq ft

    65 m²

    Last Sale Price

    £16,000

    Dec 2005

    Estimated Valuation

    £20,223

    Est. £/sq ft

    £29/sq ft

    £311/m²

    Property Details

    TypeFlat/Maisonette
    TenureLeasehold
    Built formMid-Terrace
    Construction ageEngland and Wales: 1900-1929
    Habitable rooms4
    Main fuelmains gas (not community)
    EPC currentD
    EPC potentialD
    Floor area700 sq ft (65 m²)
    EPC dateMar 2020
    WallsSolid brick, as built, no insulation (assumed)
    HeatingBoiler and radiators, mains gas

    Transaction History

    19 Dec 2005

    £16,000

    13 Jun 2005

    £72,500

    Key Metrics

    Estimated valuation£20,223
    Value per sq ft / m²£29/sq ft (£311/m²)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    NE8 district percentile0th percentile
    National percentile0th percentile

    District Context — NE8

    NE8 covers Gateshead and surrounding areas in Tyne and Wear, situated south of the River Tyne in the North East. It is a primarily working-class and lower-middle-income area with a significant rental market and strong community character.

    Average Property Price - NE8

    £157,635

    4

    National percentile

    Average Net Household Income - NE8

    £31,485

    12

    National percentile

    10-Year Annualised Price Growth - NE8

    2.5%

    16

    National percentile

    10-Year Annualised Rent Growth - NE

    4.0%

    54

    National percentile

    View full analysis for NE8

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