62 Foster Drive, Gateshead, NE8 3JG is a leasehold flat built between 2003-2006. The property offers approximately 678 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 £100,022 , which equates to approximately £148 per square foot. It was last sold on 4 Feb 2022 for £92,000. Since then, the value has increased by £8,022, representing a 8.7% increase, or approximately 2.3% per year.

The current estimated value of £100,022 is:

  • 41.7% lower than the average property price on Foster Drive
  • 28.0% lower than the average in the NE8 3JG postcode area
  • and 43.3% lower than the average price for Gateshead as a whole

At the most recent EPC inspection on 9 November 2021, the property was recorded as rented.

View sold house prices in NE8 3JG

Building approximate location

About Property

Type
Flat
Built
2003-2006
Interior Size
678 sq ft
Tenure
Leasehold
Floor level
1st floor
Price (estimate)
£100,022
Price Per sq ft (estimate)
£148
Bedroom Count (estimate)
2 bedrooms

EPC Summary

62 Foster Drive, Gateshead, Tyne And Wear, NE8 3JG has an Energy Performance Certificate (EPC) rating of B, based on the latest assessment carried out on 9 Nov 2021.

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 20 Jan 2009. The rating of B is unchanged, though the energy efficiency score decreased by 4.7%.

Since the previous assessment, several changes were observed:

  • 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
Walls
Cavity wall, as built, insulated (assumed)
Good
Windows
Fully double glazed
Good
Lighting
Low energy lighting in all fixed outlets
Very Good

Compared to NE8 3JG

36 th / 57
Price Rank
28% lower than average
17 th / 52
Size Rank
11% smaller than average
35 th / 52
Price Per Sq FT Rank
19% lower than average

Compared to other properties in NE8 3JG , this flat's estimated value ranks 36th out of 57. Based on price per square foot, it ranks 35th 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 17th out of 52 properties in its postcode area.

Sale History

Today
£100,022
streetscan.co.uk estimate
+9 %
4 Feb 2022
£92,000
Leasehold
-9.8 %
25 Feb 2004
£101,950
Leasehold

Area Insights

Similar Properties Sold Nearby

rooms: 3
size: 614 sq ft
sale price: £87,000
sale date: 15 Jan 2025
rooms: 3
size: 603 sq ft
sale price: £85,000
sale date: 3 Sep 2024
rooms: 3
size: 581 sq ft
sale price: £91,000
sale date: 8 Dec 2023
rooms: 3
size: 775 sq ft
sale price: £95,000
sale date: 5 Oct 2023
rooms: 3
size: 657 sq ft
sale price: £102,000
sale date: 9 Jun 2023

Data Sources

The property at 62 Foster Drive, Gateshead, NE8 3JG appears two times in the Land Registry records, with the latest transaction recorded on 4 Feb 2022. It also has two Energy Performance Certificates (EPC) entries, the earliest dating back to 9 Nov 2021. 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.