7 Faraday Grove, Gateshead, NE8 4UL is a leasehold flat built between 1900-1929. The property offers approximately 753 square feet of living space. In this location, apartments of similar size usually have two bedrooms.

The estimated current market value of the property is £73,519 , which equates to approximately £98 per square foot. It was last sold on 23 Oct 2023 for £72,500. Since then, the value has increased by £1,019, representing a 1.4% increase, or approximately 0.7% per year.

The current estimated value of £73,519 is:

  • 11.2% lower than the average property price on Faraday Grove
  • 10.1% lower than the average in the NE8 4UL postcode area
  • and 58.4% lower than the average price for Gateshead as a whole

At the most recent EPC inspection on 7 February 2023, the property was recorded as owner-occupied.

View sold house prices in NE8 4UL

Building approximate location

About Property

Type
Flat
Built
1900-1929
Interior Size
753 sq ft
Tenure
Leasehold
Price (estimate)
£73,519
Price Per sq ft (estimate)
£98
Bedroom Count (estimate)
2 bedrooms

EPC Summary

7 Faraday Grove, Gateshead, Tyne And Wear, NE8 4UL has an Energy Performance Certificate (EPC) rating of C, based on the latest assessment carried out on 7 Feb 2023.

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 4 Jun 2009. The rating of C is unchanged, though the energy efficiency score decreased by 2.8%.

Since the previous assessment, several changes were observed:

  • The wall construction or insulation changed from cavity wall, as built, partial insulation (assumed) to solid brick, as built, no insulation (assumed), changing energy efficiency from average to very poor.
  • The lighting was updated from no low energy lighting to low energy lighting in all fixed outlets, with efficiency improving from very poor to very good.
Heating Type
Boiler and radiators, mains gas
Good
Hot Water
From main system
Good
Walls
Solid brick, as built, no insulation (assumed)
Very Poor
Windows
Fully double glazed
Average
Lighting
Low energy lighting in all fixed outlets
Very Good

Compared to NE8 4UL

45 th / 59
Price Rank
10% lower than average
21 st / 54
Size Rank
3% smaller than average
41 st / 54
Price Per Sq FT Rank
7% lower than average

Compared to other properties in NE8 4UL , this flat's estimated value ranks 45th out of 59. Based on price per square foot, it ranks 41th out of 54 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 21th out of 54 properties in its postcode area.

Sale History

Today
£73,519
streetscan.co.uk estimate
+1 %
23 Oct 2023
£72,500
Leasehold
+20.8 %
2 Sep 2008
£60,000
Leasehold

Area Insights

Similar Properties Sold Nearby

rooms: 3
size: 646 sq ft
sale price: £55,000
sale date: 20 Oct 2023
rooms: 4
size: 700 sq ft
sale price: £73,000
sale date: 12 May 2023
rooms: 3
size: 709 sq ft
sale price: £69,000
sale date: 25 Apr 2023
rooms: 3
size: 721 sq ft
sale price: £80,000
sale date: 25 Apr 2023
rooms: 4
size: 721 sq ft
sale price: £39,950
sale date: 26 Oct 2022

Data Sources

The property at 7 Faraday Grove, Gateshead, NE8 4UL appears two times in the Land Registry records, with the latest transaction recorded on 23 Oct 2023. It also has two Energy Performance Certificates (EPC) entries, the earliest dating back to 7 Feb 2023. 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.