8 Faraday Grove

    8, FARADAY GROVE, GATESHEAD, NE8 4UL

    This terraced leasehold property on Faraday Grove last sold in September 2022 for £72,500. Based on price growth in the NE8 district since then, its estimated current value is £86,102 — placing it in the 2nd percentile nationally and the 22nd percentile within NE8. The property covers 69 m² (743 sq ft), giving an estimated value of £1,248 per m². The EPC rating is C, with a potential rating of C.

    See wider trends for Faraday Grove →

    Type

    Terraced

    Tenure

    Leasehold

    Floor Area

    743 sq ft

    69 m²

    Last Sale Price

    £72,500

    Sept 2022

    Estimated Valuation

    £86,102

    Est. £/sq ft

    £116/sq ft

    £1,248/m²

    Property Details

    TypeTerraced
    TenureLeasehold
    Built formMid-Terrace
    Construction ageEngland and Wales: 1900-1929
    Habitable rooms4
    Main fuelmains gas (not community)
    EPC currentC
    EPC potentialC
    Floor area743 sq ft (69 m²)
    EPC dateMay 2022
    WallsSolid brick, as built, no insulation (assumed)
    HeatingBoiler and radiators, mains gas

    Transaction History

    8 Sept 2022

    £72,500

    4 Jun 2004

    £72,000

    Key Metrics

    Estimated valuation£86,102
    Value per sq ft / m²£116/sq ft (£1,248/m²)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    NE8 district percentile22nd percentile
    National percentile2nd 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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