61 - 63 Faraday Grove

    61 - 63, FARADAY GROVE, GATESHEAD, NE8 4UL

    This terraced freehold property on Faraday Grove last sold in November 2021 for £116,000. Based on price growth in the NE8 district since then, its estimated current value is £144,950 — placing it in the 11th percentile nationally and the 55th percentile within NE8. The property covers 71 m² (764 sq ft), giving an estimated value of £2,042 per m². The EPC rating is C, with a potential rating of C.

    See wider trends for Faraday Grove →

    Type

    Terraced

    Tenure

    Freehold

    Floor Area

    764 sq ft

    71 m²

    Last Sale Price

    £116,000

    Nov 2021

    Estimated Valuation

    £144,950

    Est. £/sq ft

    £190/sq ft

    £2,042/m²

    Property Details

    TypeTerraced
    TenureFreehold
    Built formEnd-Terrace
    Construction ageEngland and Wales: 1900-1929
    Habitable rooms4
    Main fuelmains gas (not community)
    EPC currentC
    EPC potentialC
    Floor area764 sq ft (71 m²)
    EPC dateApr 2024
    WallsSolid brick, as built, no insulation (assumed)
    HeatingBoiler and radiators, mains gas

    Transaction History

    24 Nov 2021

    £116,000

    18 Jul 2003

    £99,950

    Key Metrics

    Estimated valuation£144,950
    Value per sq ft / m²£190/sq ft (£2,042/m²)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    NE8 district percentile55th percentile
    National percentile11th percentile

    District Context — NE8

    See wider trends for 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

    £157,179

    4

    National percentile

    12 month avg at 31 Jul 2026

    Average Net Household Income - NE8

    £31,485

    12

    National percentile

    2023 census data

    10-Year Annualised Price Growth - NE8

    2.2%

    22

    National percentile

    Estimate at 31 Jul 2026

    10-Year Annualised Rent Growth - NE

    4.1%

    58

    National percentile

    Estimate at 31 Jul 2026

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