74 Faraday Grove, Gateshead, NE8 4UL is a leasehold flat built between 1900-1929. The property offers approximately 710 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 £77,500 , which equates to approximately £109 per square foot. It was last sold on 18 Apr 1997 for £23,250. Since then, the value has increased by £54,250, representing a 233.3% increase, or approximately 8.1% per year.

The current estimated value of £77,500 is:

  • 6.4% lower than the average property price on Faraday Grove
  • 5.3% lower than the average in the NE8 4UL postcode area
  • and 56.1% lower than the average price for Gateshead as a whole

This property has had 2 EPC inspections with recorded tenure information. It was recorded once as rented and once as owner-occupied, indicating a change in how it was used over time.

At the most recent EPC inspection on 24 July 2024, the property was recorded as rented.

View sold house prices in NE8 4UL

Building approximate location

About Property

Type
Flat
Built
1900-1929
Interior Size
710 sq ft
Tenure
Leasehold
Price (estimate)
£77,500
Price Per sq ft (estimate)
£109
Bedroom Count (estimate)
2 bedrooms

EPC Summary

74 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 24 Jul 2024.

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 22 Jul 2015, when the property was rated G. Since then, the rating has improved to D, with the energy efficiency score increasing by 450%.

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 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

38 th / 59
Price Rank
5% lower than average
38 th / 54
Size Rank
9% smaller than average
31 st / 54
Price Per Sq FT Rank
4% higher than average

Compared to other properties in NE8 4UL , this flat's estimated value ranks 38th out of 59. Based on price per square foot, it ranks 31th out of 54 properties. In terms of size, this home ranks 38th out of 54 properties in its postcode area.

Sale History

Today
£77,500
streetscan.co.uk estimate
+233 %
18 Apr 1997
£23,250
Leasehold

Area Insights

Similar Properties Sold Nearby

rooms: 3
size: 753 sq ft
sale price: £72,500
sale date: 23 Oct 2023
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

Data Sources

The property at 74 Faraday Grove, Gateshead, Tyne And Wear, NE8 4UL appears once in the Land Registry records, with the transaction recorded on 18 Apr 1997. It also has three Energy Performance Certificates (EPC) entries, the earliest dating back to 24 Jul 2024. 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.