53 Faraday Grove, Gateshead, NE8 4UL is a leasehold flat built between 1900-1929. The property offers approximately 700 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 £74,175 , which equates to approximately £106 per square foot. It was last sold on 12 May 2023 for £73,000. Since then, the value has increased by £1,175, representing a 1.6% increase, or approximately 0.6% per year.

The current estimated value of £74,175 is:

  • 10.4% lower than the average property price on Faraday Grove
  • 9.3% lower than the average in the NE8 4UL postcode area
  • and 58.0% lower than the average price for Gateshead as a whole

At the most recent EPC inspection on 8 October 2010, the property was recorded as owner-occupied.

View sold house prices in NE8 4UL

Building approximate location

About Property

Type
Terraced Maisonette
Built
1900-1929
Interior Size
700 sq ft
Tenure
Leasehold
Floor level
1st floor
Price (estimate)
£74,175
Price Per sq ft (estimate)
£106
Bedroom Count (estimate)
2 bedrooms

EPC Summary

53 Faraday Grove, Gateshead, Tyne And Wear, NE8 4UL has an Energy Performance Certificate (EPC) rating of D, based on the latest assessment carried out on 15 Mar 2020.

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 8 Oct 2010, when the property was rated F. Since then, the rating has improved to D, with the energy efficiency score increasing by 140%.

Since the previous assessment, several changes were observed:

  • The heating system was upgraded from no system present: electric heaters assumed to boiler and radiators, mains gas, improving energy efficiency from very poor to good.
  • The hot water system was changed from no system present: electric immersion assumed to from main system, with its energy efficiency improving from very poor to good.
  • The roof construction or insulation changed from pitched, 200 mm loft insulation to pitched, no insulation, changing energy efficiency from good to very poor.
  • The wall energy efficiency improving from very poor to poor, with the construction or insulation remaining solid brick, as built, no insulation (assumed).
  • The lighting was changed from low energy lighting in 80% of fixed outlets to low energy lighting in 86% of 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
Solid brick, as built, no insulation (assumed)
Poor
Windows
Fully double glazed
Average
Lighting
Low energy lighting in 86% of fixed outlets
Very Good

Compared to NE8 4UL

16 th / 59
Price Rank
9% lower than average
42 nd / 54
Size Rank
10% smaller than average
10 th / 54
Price Per Sq FT Rank
1% higher than average

Compared to other properties in NE8 4UL , this maisonette's estimated value ranks 16th out of 59. Based on price per square foot, it ranks 10th out of 54 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 42th out of 54 properties in its postcode area.

Sale History

Today
£74,175
streetscan.co.uk estimate
+2 %
12 May 2023
£73,000
Leasehold
+356.3 %
19 Dec 2005
£16,000
Leasehold
-77.9 %
13 Jun 2005
£72,500
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
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 53 Faraday Grove, Gateshead, NE8 4UL appears three times in the Land Registry records, with the latest transaction recorded on 12 May 2023. It also has two Energy Performance Certificates (EPC) entries, the earliest dating back to 15 Mar 2020. 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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