16 Faraday Grove, Gateshead, NE8 4UL is a leasehold flat built between 1900-1929. The property offers approximately 775 square feet of living space and is situated on the 1st floor. In this location, apartments of similar size usually have two bedrooms.

The estimated current market value of the property is £85,824 , which equates to approximately £111 per square foot. It was last sold on 15 Mar 2007 for £82,000. Since then, the value has increased by £3,824, representing a 4.7% increase, or approximately 0.2% per year.

The current estimated value of £85,824 is:

  • 3.6% higher than the average property price on Faraday Grove
  • 4.9% higher than the average in the NE8 4UL postcode area
  • and 51.4% lower than the average price for Gateshead as a whole

At the most recent EPC inspection on 20 June 2016, the property was recorded as owner-occupied.

View sold house prices in NE8 4UL

Building approximate location

About Property

Type
Flat
Built
1900-1929
Interior Size
775 sq ft
Tenure
Leasehold
Floor level
1st floor
Price (estimate)
£85,824
Price Per sq ft (estimate)
£111
Bedroom Count (estimate)
2 bedrooms

EPC Summary

16 Faraday Grove, Gateshead, Tyne And Wear, NE8 4UL has an Energy Performance Certificate (EPC) rating of E, based on the latest assessment carried out on 20 Jun 2016.

This property uses a gas-fired boiler and radiators, connected to the mains gas supply, as its main heating source. Hot water is provided from the main heating system, though the cylinder has no thermostat. The windows are fully double glazed.

Heating Type
Boiler and radiators, mains gas
Good
Hot Water
From main system, no cylinder thermostat
Average
Roof
Pitched, no insulation (assumed)
Very Poor
Walls
Solid brick, as built, no insulation (assumed)
Very Poor
Windows
Fully double glazed
Average
Lighting
No low energy lighting
Very Poor

Compared to NE8 4UL

28 th / 59
Price Rank
5% higher than average
10 th / 54
Size Rank
0% same size than average
28 th / 54
Price Per Sq FT Rank
5% higher than average

Compared to other properties in NE8 4UL , this flat's estimated value ranks 28th out of 59. Based on price per square foot, it ranks 28th out of 54 properties. In terms of size, this home ranks 10th out of 54 properties in its postcode area.

Sale History

Today
£85,824
streetscan.co.uk estimate
+5 %
15 Mar 2007
£82,000
Leasehold
+26.2 %
3 Feb 2006
£65,000
Leasehold
+71.1 %
31 Jan 2003
£38,000
Leasehold

Area Insights

Similar Properties Sold Nearby

7 Faraday Grove, Gateshead, NE8 4UL
rooms: 3
size: 753 sq ft
sale price: £72,500
sale date: 23 Oct 2023
53 Faraday Grove, Gateshead, NE8 4UL
rooms: 4
size: 700 sq ft
sale price: £73,000
sale date: 12 May 2023
35 Faraday Grove, Gateshead, NE8 4UL
rooms: 3
size: 709 sq ft
sale price: £69,000
sale date: 25 Apr 2023
6 Faraday Grove, Gateshead, NE8 4UL
rooms: 3
size: 721 sq ft
sale price: £80,000
sale date: 25 Apr 2023
41 Faraday Grove, Gateshead, NE8 4UL
rooms: 4
size: 721 sq ft
sale price: £39,950
sale date: 26 Oct 2022

Data Sources

The property at 16 Faraday Grove, Gateshead, NE8 4UL appears three times in the Land Registry records, with the latest transaction recorded on 15 Mar 2007. It also has a single Energy Performance Certificate (EPC) from 20 Jun 2016. We use this data, to estimate the property's characteristics and current market value.

This website uses public sector information from:

These datasets are licensed under the Open Government Licence v3.0.
This website is not affiliated with or endorsed by HM Land Registry or DLUHC.


Disclaimer: StreetScan.co.uk makes all reasonable efforts to ensure the information provided on this website is current and accurate; however, no warranties or representations are made as to its completeness or accuracy. StreetScan.co.uk expressly disclaims any and all liability for any loss, damage, or expense arising directly or indirectly from the use of, or reliance upon, such information.
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