38 Foster Drive, Gateshead, NE8 3JG is a leasehold flat built between 2003-2006. The property offers approximately 775 square feet of living space and is situated on the 2nd floor. In this location, apartments of similar size usually have two bedrooms.

The estimated current market value of the property is £96,335 , which equates to approximately £124 per square foot. It was last sold on 5 Oct 2023 for £95,000. Since then, the value has increased by £1,335, representing a 1.4% increase, or approximately 0.6% per year.

The current estimated value of £96,335 is:

  • 43.9% lower than the average property price on Foster Drive
  • 30.7% lower than the average in the NE8 3JG postcode area
  • and 45.4% lower than the average price for Gateshead as a whole

View sold house prices in NE8 3JG

Building approximate location

About Property

Type
Flat
Built
2003-2006
Interior Size
775 sq ft
Tenure
Leasehold
Floor level
2nd floor
Price (estimate)
£96,335
Price Per sq ft (estimate)
£124
Bedroom Count (estimate)
2 bedrooms

EPC Summary

38 Foster Drive, Gateshead, Tyne And Wear, NE8 3JG has an Energy Performance Certificate (EPC) rating of C, based on the latest assessment carried out on 17 Jun 2019.

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 main heating system. The windows are fully double glazed.

The previous EPC assessment was conducted on 25 Jun 2009, when the property was rated B. The current rating of C reflects a decline in energy efficiency of 6%.

Since the previous assessment, several changes were observed:

  • The roof construction or insulation changed from pitched, 200 mm loft insulation to pitched, 300 mm loft insulation, improving energy efficiency from good to very good.
  • The lighting was updated from low energy lighting in 26% of fixed outlets to low energy lighting in 92% of fixed outlets, with efficiency improving from average to very good.
Heating Type
Boiler and radiators, mains gas
Good
Hot Water
From main system
Good
Roof
Pitched, 300 mm loft insulation
Very Good
Walls
Cavity wall, as built, insulated (assumed)
Good
Windows
Fully double glazed
Good
Lighting
Low energy lighting in 92% of fixed outlets
Very Good

Compared to NE8 3JG

16 th / 57
Price Rank
31% lower than average
13 th / 52
Size Rank
2% bigger than average
45 th / 52
Price Per Sq FT Rank
32% lower than average

Compared to other properties in NE8 3JG , this flat's estimated value ranks 16th out of 57. Based on price per square foot, it ranks 45th out of 52 properties. This indicates a lower price per square foot than most, suggesting good value for the space offered. In terms of size, this home ranks 13th out of 52 properties in its postcode area.

Sale History

Today
£96,335
streetscan.co.uk estimate
+1 %
5 Oct 2023
£95,000
Leasehold
-3 %
2 Oct 2003
£97,950
Leasehold

Area Insights

Similar Properties Sold Nearby

44 Foster Drive, Gateshead, NE8 3JG
rooms: 3
size: 700 sq ft
sale price: £95,000
sale date: 12 Dec 2022
62 Foster Drive, Gateshead, NE8 3JG
rooms: 3
size: 678 sq ft
sale price: £92,000
sale date: 4 Feb 2022
110 Foster Drive, Gateshead, NE8 3JG
rooms: 3
size: 670 sq ft
sale price: £90,500
sale date: 15 Mar 2019
32 Foster Drive, Gateshead, NE8 3JG
rooms: 3
size: 659 sq ft
sale price: £107,500
sale date: 24 Jan 2007
56 Foster Drive, Gateshead, NE8 3JG
rooms: 3
size: 689 sq ft
sale price: £97,500
sale date: 21 Nov 2006

Data Sources

The property at 38 Foster Drive, Gateshead, NE8 3JG appears two times in the Land Registry records, with the latest transaction recorded on 5 Oct 2023. It also has two Energy Performance Certificates (EPC) entries, the earliest dating back to 17 Jun 2019. 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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