42 Foster Drive, Gateshead, NE8 3JG is a leasehold flat built between 1976-1982. The property offers approximately 527 square feet of living space. In this location, apartments of similar size usually have one bedroom.

The estimated current market value of the property is £129,875 , which equates to approximately £246 per square foot. It was last sold on 4 Jun 2004 for £103,000. Since then, the value has increased by £26,875, representing a 26.1% increase, or approximately 1.2% per year.

The current estimated value of £129,875 is:

  • 24.3% lower than the average property price on Foster Drive
  • 6.5% lower than the average in the NE8 3JG postcode area
  • and 26.4% lower than the average price for Gateshead as a whole

This property has had 2 EPC inspections with recorded tenure information. It was recorded as owner-occupied both times. This suggests the property has typically been lived in by its owners, which often reflects longer-term residency and more consistent maintenance.

At the most recent EPC inspection on 16 December 2014, the property was recorded as owner-occupied.

View sold house prices in NE8 3JG

Building approximate location

About Property

Type
Flat
Built
1976-1982
Interior Size
527 sq ft
Tenure
Leasehold
Price (estimate)
£129,875
Price Per sq ft (estimate)
£246
Bedroom Count (estimate)
1 bedroom

EPC Summary

42 Foster Drive, Gateshead, Tyne And Wear, NE8 3JG has an Energy Performance Certificate (EPC) rating of E, based on the latest assessment carried out on 16 Dec 2014.

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 7 Jan 2011, when the property was rated B. The current rating of E reflects a decline in energy efficiency of 34.9%.

Since the previous assessment, several changes were observed:

  • The roof construction or insulation changed from (another dwelling above) to pitched, no insulation, improving energy efficiency from n/a to very poor.
  • The wall construction or insulation changed from cavity wall, as built, insulated (assumed) to cavity wall, as built, partial insulation (assumed), changing energy efficiency from good to average.
  • The lighting was changed from low energy lighting in 83% of fixed outlets to low energy lighting in all fixed outlets, with no change in efficiency (very good).
Heating Type
Boiler and radiators, mains gas
Good
Hot Water
From main system
Good
Roof
Pitched, no insulation
Very Poor
Walls
Cavity wall, as built, partial insulation (assumed)
Average
Windows
Fully double glazed
Average
Lighting
Low energy lighting in all fixed outlets
Very Good

Compared to NE8 3JG

44 th / 57
Price Rank
7% lower than average
47 th / 52
Size Rank
31% smaller than average
6 th / 52
Price Per Sq FT Rank
35% higher than average

Compared to other properties in NE8 3JG , this flat's estimated value ranks 44th out of 57. Based on price per square foot, it ranks 6th out of 52 properties. This suggests a relatively high price per square foot, which may reflect quality, location, or recent upgrades. In terms of size, this home ranks 47th out of 52 properties in its postcode area.

Sale History

Today
£129,875
streetscan.co.uk estimate
+26 %
4 Jun 2004
£103,000
Leasehold
+4.1 %
19 Dec 2003
£98,950
Leasehold

Area Insights

Similar Properties Sold Nearby

rooms: 3
size: 603 sq ft
sale price: £85,000
sale date: 3 Sep 2024
rooms: 3
size: 506 sq ft
sale price: £90,000
sale date: 22 Aug 2024
rooms: 3
size: 581 sq ft
sale price: £91,000
sale date: 8 Dec 2023
rooms: 3
size: 581 sq ft
sale price: £84,000
sale date: 13 Jan 2023
rooms: 3
size: 592 sq ft
sale price: £105,000
sale date: 16 Dec 2022

Data Sources

The property at 42 Foster Drive, Gateshead, NE8 3JG appears two times in the Land Registry records, with the latest transaction recorded on 4 Jun 2004. It also has two Energy Performance Certificates (EPC) entries, the earliest dating back to 16 Dec 2014. 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.