82 Faraday Grove, Gateshead, NE8 4UL is a leasehold flat built between 1900-1929. The property offers approximately 775 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 £60,119 , which equates to approximately £78 per square foot. It was last sold on 25 Sep 2015 for £50,000. Since then, the value has increased by £10,119, representing a 20.2% increase, or approximately 2.0% per year.

The current estimated value of £60,119 is:

  • 27.4% lower than the average property price on Faraday Grove
  • 26.5% lower than the average in the NE8 4UL postcode area
  • and 65.9% 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 17 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
775 sq ft
Tenure
Leasehold
Price (estimate)
£60,119
Price Per sq ft (estimate)
£78
Bedroom Count (estimate)
2 bedrooms

EPC Summary

82 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 17 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 5 Sep 2013, when the property was rated D. Since then, the rating has improved to C, with the energy efficiency score increasing by 19.7%.

Since the previous assessment, several changes were observed:

  • 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 71% of fixed outlets to low energy lighting in 88% of fixed outlets, with no change in efficiency (very good).
Heating Type
Boiler and radiators, mains gas
Good
Hot Water
From main system
Good
Walls
Solid brick, as built, no insulation (assumed)
Poor
Windows
Fully double glazed
Average
Lighting
Low energy lighting in 88% of fixed outlets
Very Good

Compared to NE8 4UL

51 st / 59
Price Rank
27% lower than average
12 th / 54
Size Rank
0% same size than average
48 th / 54
Price Per Sq FT Rank
26% lower than average

Compared to other properties in NE8 4UL , this flat's estimated value ranks 51th out of 59. Based on price per square foot, it ranks 48th 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 12th out of 54 properties in its postcode area.

Sale History

Today
£60,119
streetscan.co.uk estimate
+20 %
25 Sep 2015
£50,000
Leasehold
+38.9 %
2 Jun 2003
£36,000
Leasehold
+140 %
20 Nov 1998
£15,000
Leasehold

Area Insights

Similar Properties Sold Nearby

rooms: 3
size: 753 sq ft
sale price: £72,500
sale date: 23 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 82 Faraday Grove, Gateshead, NE8 4UL appears three times in the Land Registry records, with the latest transaction recorded on 25 Sep 2015. It also has two Energy Performance Certificates (EPC) entries, the earliest dating back to 17 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.