88 Faraday Grove

    88, FARADAY GROVE, GATESHEAD, GATESHEAD, NE8 4UL

    This flat/maisonette leasehold property on Faraday Grove last sold in February 2007 for £121,000. Based on price growth in the NE8 district since then, its estimated current value is £138,175 — placing it in the 10th percentile nationally and the 52nd percentile within NE8. The property covers 98 m² (1,055 sq ft), giving an estimated value of £1,410 per m². The EPC rating is C, with a potential rating of C.

    Type

    Flat/Maisonette

    Tenure

    Leasehold

    Floor Area

    1,055 sq ft

    98 m²

    Last Sale Price

    £121,000

    Feb 2007

    Estimated Valuation

    £138,175

    Est. £/sq ft

    £131/sq ft

    £1,410/m²

    Property Details

    TypeFlat/Maisonette
    TenureLeasehold
    Built formMid-Terrace
    Construction ageEngland and Wales: 1900-1929
    Habitable rooms5
    Main fuelmains gas (not community)
    EPC currentC
    EPC potentialC
    Floor area1,055 sq ft (98 m²)
    EPC dateMay 2025
    WallsSolid brick, with internal insulation
    HeatingBoiler and radiators, mains gas

    Transaction History

    9 Feb 2007

    £121,000

    5 Jul 2006

    £65,000

    23 Aug 2002

    £28,000

    Key Metrics

    Estimated valuation£138,175
    Value per sq ft / m²£131/sq ft (£1,410/m²)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    NE8 district percentile52nd percentile
    National percentile10th 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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