49 Faraday Grove, Gateshead, NE8 4UL is a leasehold flat built between 1900-1929. The property offers approximately 657 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 £72,594 , which equates to approximately £111 per square foot. It was last sold on 28 Feb 2013 for £57,500. Since then, the value has increased by £15,094, representing a 26.3% increase, or approximately 2.1% per year.

The current estimated value of £72,594 is:

  • 12.4% lower than the average property price on Faraday Grove
  • 11.3% lower than the average in the NE8 4UL postcode area
  • and 58.9% lower than the average price for Gateshead as a whole

View sold house prices in NE8 4UL

Building approximate location

About Property

Type
Flat
Built
1900-1929
Interior Size
657 sq ft
Tenure
Leasehold
Floor level
1st floor
Price (estimate)
£72,594
Price Per sq ft (estimate)
£111
Bedroom Count (estimate)
2 bedrooms

EPC Summary

49 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 25 Jul 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 9 Jan 2013, when the property was rated C. The current rating of E reflects a decline in energy efficiency of 21.7%.

Since the previous assessment, several changes were observed:

  • The roof construction or insulation changed from pitched, 150 mm loft insulation to pitched, no insulation (assumed), changing energy efficiency from good to very poor.
  • The lighting was updated from low energy lighting in 14% of fixed outlets to no low energy lighting, with efficiency changing from poor to very poor.
Heating Type
Boiler and radiators, mains gas
Good
Hot Water
From main system
Good
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

46 th / 59
Price Rank
11% lower than average
50 th / 54
Size Rank
16% smaller than average
29 th / 54
Price Per Sq FT Rank
5% higher than average

Compared to other properties in NE8 4UL , this flat's estimated value ranks 46th out of 59. Based on price per square foot, it ranks 29th out of 54 properties. In terms of size, this home ranks 50th out of 54 properties in its postcode area.

Sale History

Today
£72,594
streetscan.co.uk estimate
+26 %
28 Feb 2013
£57,500
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
23 Faraday Grove, Gateshead, NE8 4UL
rooms: 3
size: 646 sq ft
sale price: £55,000
sale date: 20 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

Data Sources

The property at 49 Faraday Grove, Gateshead, Tyne And Wear, NE8 4UL appears once in the Land Registry records, with the transaction recorded on 28 Feb 2013. It also has two Energy Performance Certificates (EPC) entries, the earliest dating back to 25 Jul 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.
↑