Housing Market Analysis for FARADAY GROVE, NE8 4UL

Are you looking to understand NE8 4UL house prices? Here, we provide a detailed analysis of the latest sold house prices, trends over the years, and key statistics to help you gauge the real estate landscape in this Gateshead postcode.

For the location information and nearby amenities in the NE8 4UL area, explore the NE8 4UL Area information page.
For comprehensive crime statistics in the NE8 4UL area, explore the NE8 4UL Crime Rates page.

Overview of Sold House prices

As per the latest sold houses in the NE8 4UL postcode area, The average prices are as follows,

Flat
- The average price is around £55,898 median price is £57,150 Standard Deviation is £24,114 with Total Sold: 86
- The Last 5 Year average price is £69,071 with Total Sold: 12
- The most recent sale happened at this postcode is 23 FARADAY GROVE: £55,000 (Sold on 20 Oct 2023)
- The first recorded sale happened at this postcode is 26 FARADAY GROVE: £14,500 (Sold on 17 Mar 1995)
Terraced
- The average price is around £70,720 median price is £72,000 Standard Deviation is £32,187 with Total Sold: 15
- The Last 5 Year average price is £94,250 with Total Sold: 2
- The most recent sale happened at this postcode is 8 FARADAY GROVE: £72,500 (Sold on 08 Sep 2022)
- The first recorded sale happened at this postcode is 34 FARADAY GROVE: £30,000 (Sold on 15 Jul 1999)
Semi-Detached
- The average price is around £77,250 median price is £81,000 Standard Deviation is £22,587 with Total Sold: 4
- The most recent sale happened at this postcode is 28 FARADAY GROVE: £81,000 (Sold on 10 Sep 2004)
- The first recorded sale happened at this postcode is 47 FARADAY GROVE: £42,000 (Sold on 26 Apr 2002)
Other
- The average price is around £135,000 median price is £135,000 Standard Deviation is £0 with Total Sold: 1
- The Last 5 Year average price is £135,000 with Total Sold: 1
- The most recent sale happened at this postcode is 92 FARADAY GROVE: £135,000 (Sold on 07 Mar 2024)
- The first recorded sale happened at this postcode is 92 FARADAY GROVE: £135,000 (Sold on 07 Mar 2024)

Sold Price Trend Over the Years:

Below table and chart gives the average NE8 4UL house prices and number of sold houses over the years. This helps understand the price trend over the years in this postcode.

Please note that this data is populated based on the sold houses data given by the Land Registry.

House Type: Flat

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2023	£69,250	£1,072	4
2022	£67,483	£849	3
2021	£77,475	£1,120	2
2020	£76,950	£1,149	1
2019	£58,750	£880	2
2017	£50,667	£773	3
2016	£63,750	£914	2
2015	£55,333	£825	3
2014	£56,800	£824	1
2013	£50,750	£811	2
2011	£39,325	£586	2
2010	£67,500	£1,199	1
2008	£73,000	£1,105	3
2007	£90,828	£1,247	9
2006	£61,031	£676	8
2005	£54,570	£826	10
2004	£65,000	£976	7
2003	£43,638	£651	8
2002	£29,280	£403	5
2001	£19,000		1
2000	£19,975	£286	2
1999	£22,000	£305	1
1998	£15,000	£227	1
1997	£23,875	£345	2
1996	£25,500	£370	1
1995	£19,150	£288	2

House Type: Terraced

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2022	£72,500	£1,051	1
2021	£116,000	£753	1
2012	£127,500	£1,903	1
2005	£89,500	£1,310	2
2004	£70,838	£1,036	4
2003	£62,317	£506	3
2002	£40,000	£563	1
2000	£25,500	£364	1
1999	£30,000	£213	1

House Type: Semi-Detached

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2004	£89,000	£947	3
2002	£42,000	£318	1

House Type: Other

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£135,000	£1,776	1

All the Sales in the FARADAY GROVE, NE8 4UL

See the table below for more details on the sold house prices in the NE8 4UL, Gateshead postcode.

Address	Sold Date	Price	% Change
23 FARADAY GROVEFlat, LeaseholdArea: 60 Sq.mtrAge: 1900-1929	20 Oct 2023	£55,000	1.66%
	18 Mar 2005	£54,100	First Sale
53 FARADAY GROVEFlat, LeaseholdArea: 64.68 Sq.mtrAge: 1900-1929	12 May 2023	£73,000	356.25%
	19 Dec 2005	£16,000	-77.93%
	13 Jun 2005	£72,500	First Sale
6 FARADAY GROVEFlat, LeaseholdArea: 67 Sq.mtrAge: 1900-1929	25 Apr 2023	£80,000	-37.25%
	13 Nov 2012	£127,500	82.14%
	06 Feb 2004	£70,000	First Sale
35 FARADAY GROVEFlat, LeaseholdArea: 65.9 Sq.mtrAge: 1900-1929	25 Apr 2023	£69,000	46.34%
	18 Feb 2011	£47,150	-5.70%
	06 Oct 2005	£50,000	First Sale
41 FARADAY GROVEFlat, LeaseholdArea: 67 Sq.mtrAge: 1900-1929	26 Oct 2022	£39,950	First Sale
8 FARADAY GROVETerraced, LeaseholdArea: 69 Sq.mtrAge: 1900-1929	08 Sep 2022	£72,500	0.69%
	04 Jun 2004	£72,000	First Sale
4 FARADAY GROVEFlat, LeaseholdArea: 71 Sq.mtrAge: 1900-1929	05 Aug 2022	£83,500	First Sale
88 FARADAY GROVEFlat, FreeholdArea: 102 Sq.mtrAge: 1930-1949	28 Feb 2022	£79,000	-34.71%
	09 Feb 2007	£121,000	303.33%
	06 Oct 2006	£30,000	-53.85%
	05 Jul 2006	£65,000	132.14%
	23 Aug 2002	£28,000	First Sale
61 - 63 FARADAY GROVETerraced, FreeholdArea: 154 Sq.mtrAge: 1900-1929	24 Nov 2021	£116,000	16.06%
	18 Jul 2003	£99,950	First Sale
29 FARADAY GROVEFlat, LeaseholdArea: 68 Sq.mtrAge: 1900-1929	02 Nov 2021	£65,000	-18.75%
	01 Aug 2016	£80,000	9.59%
	24 Jun 2005	£73,000	-27.97%
	23 Aug 2004	£101,350	153.38%
	12 Feb 2004	£40,000	First Sale
76 FARADAY GROVEFlat, LeaseholdArea: 70 Sq.mtrAge: 1900-1929	06 Oct 2021	£89,950	23.22%
	29 Oct 2004	£73,000	29.20%
	29 Aug 2003	£56,500	61.66%
	03 Oct 2002	£34,950	First Sale
78 FARADAY GROVEFlat, LeaseholdArea: 67 Sq.mtrAge: before 1900	06 Nov 2020	£76,950	5.41%
	29 Oct 2004	£73,000	111.59%
	03 Oct 2002	£34,500	First Sale
64 FARADAY GROVEFlat, LeaseholdArea: 71 Sq.mtrAge: 1900-1929	08 Mar 2019	£49,000	First Sale
102 FARADAY GROVEFlat, LeaseholdArea: 64 Sq.mtrAge: 1900-1929	13 Feb 2019	£68,500	-8.67%
	29 Jun 2007	£75,000	First Sale
57 FARADAY GROVEFlat, LeaseholdArea: 68.6 Sq.mtr	23 Jun 2017	£51,000	-39.96%
57 FARADAY GROVEFlat, LeaseholdArea: 68.6 Sq.mtr	23 Mar 2007	£84,950	First Sale
10 FARADAY GROVEFlat, LeaseholdArea: 61 Sq.mtrAge: 1900-1929	13 Jun 2017	£51,000	54.55%
	19 Feb 2004	£33,000	First Sale
108 FARADAY GROVEFlat, LeaseholdArea: 67.5 Sq.mtrAge: before 1900	13 Jan 2017	£50,000	First Sale
37 FARADAY GROVEFlat, LeaseholdArea: 73 Sq.mtrAge: before 1900	29 Jun 2016	£47,500	First Sale
110 FARADAY GROVEFlat, LeaseholdArea: 67 Sq.mtrAge: 1900-1929	06 Nov 2015	£54,000	8.11%
	28 Nov 2003	£49,950	First Sale
82 FARADAY GROVEFlat, LeaseholdArea: 66 Sq.mtrAge: 1900-1929	25 Sep 2015	£50,000	38.89%
	02 Jun 2003	£36,000	140.00%
	20 Nov 1998	£15,000	First Sale
12 FARADAY GROVEFlat, LeaseholdArea: 68 Sq.mtrAge: before 1900	11 Feb 2015	£62,000	First Sale
39 FARADAY GROVEFlat, LeaseholdArea: 68.9 Sq.mtrAge: 1900-1929	04 Nov 2014	£56,800	-35.09%
	05 Jun 2007	£87,500	38.89%
	20 Oct 2006	£63,000	First Sale
51 FARADAY GROVEFlat, LeaseholdArea: 62 Sq.mtrAge: 1900-1929	28 Feb 2013	£44,000	First Sale
49 FARADAY GROVEFlat, LeaseholdArea: 63 Sq.mtrAge: 1900-1929	28 Feb 2013	£57,500	First Sale
43 FARADAY GROVEFlat, LeaseholdArea: 69 Sq.mtrAge: 1900-1929	13 Dec 2011	£31,500	First Sale
60 FARADAY GROVEFlat, LeaseholdArea: 56.28 Sq.mtrAge: 1900-1929	30 Jul 2010	£67,500	104.86%
	23 Jun 2003	£32,950	First Sale
7 FARADAY GROVEFlat, LeaseholdArea: 70 Sq.mtrAge: 1900-1929	02 Sep 2008	£60,000	First Sale
15 FARADAY GROVEFlat, LeaseholdArea: 61 Sq.mtrAge: 1900-1929	22 May 2008	£71,000	First Sale
18 FARADAY GROVEFlat, LeaseholdArea: 68 Sq.mtrAge: 1900-1929	08 Feb 2008	£88,000	7.32%
	15 Mar 2007	£82,000	244.54%
	27 Oct 1995	£23,800	First Sale
25 FARADAY GROVEFlat, Leasehold	12 Jul 2007	£89,000	89.36%
	27 Jun 2003	£47,000	147.37%
	31 Mar 2000	£19,000	First Sale
100 FARADAY GROVEFlat, Freehold	29 Jun 2007	£75,000	First Sale
16 FARADAY GROVEFlat, LeaseholdArea: 72 Sq.mtrAge: 1900-1929	15 Mar 2007	£82,000	26.15%
	03 Feb 2006	£65,000	71.05%
	31 Jan 2003	£38,000	First Sale
90 FARADAY GROVEFlat, FreeholdArea: 71 Sq.mtrAge: 1900-1929	09 Feb 2007	£121,000	303.33%
90 FARADAY GROVEFlat, FreeholdArea: 71 Sq.mtrAge: 1900-1929	06 Oct 2006	£30,000	First Sale
72 FARADAY GROVEFlat, Leasehold	08 Sep 2006	£86,000	First Sale
46 FARADAY GROVEFlat, Leasehold	14 Aug 2006	£81,250	First Sale
50 FARADAY GROVEFlat, LeaseholdArea: 75 Sq.mtrAge: 1900-1929	03 May 2006	£68,000	209.09%
	26 Mar 1999	£22,000	First Sale
55 FARADAY GROVEFlat, FreeholdArea: 64 Sq.mtrAge: 1900-1929	19 Dec 2005	£14,000	-80.69%
55 FARADAY GROVEFlat, FreeholdArea: 64 Sq.mtrAge: 1900-1929	13 Jun 2005	£72,500	First Sale
31 FARADAY GROVEFlat, LeaseholdArea: 63.8 Sq.mtrAge: 1900-1929	08 Sep 2005	£70,000	First Sale
30 FARADAY GROVEFlat, LeaseholdArea: 66 Sq.mtrAge: before 1900	04 Jul 2005	£68,000	-16.05%
	10 Sep 2004	£81,000	First Sale
80 FARADAY GROVEFlat, LeaseholdArea: 71 Sq.mtrAge: 1900-1929	18 Mar 2005	£74,000	105.56%
	02 Jun 2003	£36,000	First Sale
21 FARADAY GROVEFlat, LeaseholdArea: 70.9 Sq.mtrAge: 1900-1929	18 Mar 2005	£54,100	First Sale
58 FARADAY GROVETerraced, FreeholdArea: 71 Sq.mtrAge: 1900-1929	04 Mar 2005	£106,500	First Sale
17 FARADAY GROVEFlat, FreeholdArea: 61 Sq.mtrAge: 1900-1929	30 Sep 2004	£95,000	First Sale
28 FARADAY GROVESemi-Detached, LeaseholdArea: 99 Sq.mtrAge: 1900-1929	10 Sep 2004	£81,000	First Sale
47 FARADAY GROVESemi-Detached, FreeholdArea: 132 Sq.mtrAge: 1900-1929	09 Sep 2004	£105,000	150.00%
	26 Apr 2002	£42,000	First Sale
42 FARADAY GROVEFlat, LeaseholdArea: 66.33 Sq.mtrAge: 1900-1929	14 May 2004	£61,000	First Sale
112 FARADAY GROVEFlat, FreeholdArea: 85 Sq.mtrAge: 1900-1929	13 May 2004	£60,000	First Sale
114 FARADAY GROVEFlat, Leasehold	13 May 2004	£60,000	215.79%
114 FARADAY GROVEFlat, Leasehold	23 Jul 2001	£19,000	First Sale
19 FARADAY GROVEFlat, FreeholdArea: 67 Sq.mtrAge: 1900-1929	23 Oct 2003	£62,000	First Sale
34 FARADAY GROVETerraced, FreeholdArea: 141 Sq.mtrAge: 1900-1929	21 Feb 2003	£51,000	70.00%
	15 Jul 1999	£30,000	First Sale
26 FARADAY GROVEFlat, LeaseholdArea: 64 Sq.mtrAge: 1930-1949	17 Feb 2003	£26,700	84.14%
	17 Mar 1995	£14,500	First Sale
62 FARADAY GROVEFlat, LeaseholdArea: 63.7 Sq.mtrAge: 1900-1929	17 Sep 2002	£26,950	10.00%
	20 Jun 1997	£24,500	First Sale
56 FARADAY GROVETerraced, FreeholdArea: 71 Sq.mtrAge: 1900-1929	29 Aug 2002	£40,000	56.86%
	03 Mar 2000	£25,500	First Sale
24 FARADAY GROVEFlat, LeaseholdArea: 69 Sq.mtrAge: 1900-1929	12 Apr 2002	£22,000	-13.73%
	09 Aug 1996	£25,500	First Sale
38 FARADAY GROVEFlat, LeaseholdArea: 73.2 Sq.mtrAge: 1900-1929	25 Apr 2000	£20,950	First Sale
74 FARADAY GROVEFlat, LeaseholdArea: 76 Sq.mtrAge: 1900-1929	18 Apr 1997	£23,250	First Sale
92 FARADAY GROVEOther, FreeholdArea: 76 Sq.mtrAge: 1900-1929	07 Mar 2024	£135,000	First Sale

Check out the sold house prices near the NE8 4UL postcode. Properties currently for saleProperties currently for rent

FARADAY GROVE, NE8 4UL Near By properties

Interactive Map

This Interactive map can help you visualize the nearby sold house in the NE8 4UL postcode area

Nearby Sold House Price Statstics

Knowing the nearby sold house in the area helps gauge the property market in the area. Below data gives house price Statstics of the surrounding area of the NE8 4UL postcode.

Terraced
- The average price is around £91,468 median price is £82,000 Standard Deviation is £58,734 with Total Sold: 1,479
- The Last 5 Year average price is £138,217 with Total Sold: 230
- The most recent sale happened at this postcode is , 263 EASTBOURNE AVENUE: £192,500 (Sold on 20 Sep 2024)
- The first recorded sale happened at this postcode is , 5 FIELD HOUSE ROAD: £23,500 (Sold on 31 Jan 1995)
Semi-Detached
- The average price is around £105,456 median price is £102,000 Standard Deviation is £54,394 with Total Sold: 361
- The Last 5 Year average price is £157,846 with Total Sold: 89
- The most recent sale happened at this postcode is , 13 HUXLEY CRESCENT: £153,000 (Sold on 06 Aug 2024)
- The first recorded sale happened at this postcode is , 130 FERN DENE ROAD: £30,000 (Sold on 12 Jan 1995)
Flat
- The average price is around £55,534 median price is £57,000 Standard Deviation is £33,739 with Total Sold: 3,735
- The Last 5 Year average price is £82,663 with Total Sold: 437
- The most recent sale happened at this postcode is , 39 WESTBOURNE AVENUE: £86,000 (Sold on 24 Jun 2024)
- The first recorded sale happened at this postcode is , 24 BALFOUR STREET: £16,000 (Sold on 04 Jan 1995)
Other
- The average price is around £146,746 median price is £83,500 Standard Deviation is £633,897 with Total Sold: 166
- The Last 5 Year average price is £172,750 with Total Sold: 111
- The most recent sale happened at this postcode is , 92 FARADAY GROVE: £135,000 (Sold on 07 Mar 2024)
- The first recorded sale happened at this postcode is , 407 BRIGHTON ROAD: £59,000 (Sold on 30 Aug 2013)
Detached
- The average price is around £173,589 median price is £184,995 Standard Deviation is £65,376 with Total Sold: 42
- The Last 5 Year average price is £209,173 with Total Sold: 17
- The most recent sale happened at this postcode is , 12 DUNSMUIR GROVE: £270,000 (Sold on 08 Dec 2023)
- The first recorded sale happened at this postcode is , 353 RAWLING ROAD: £57,000 (Sold on 01 Apr 1999)

Sold Price Trend Over the Years:

House Type: Terraced

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£167,050	£1,348	25
2023	£138,376	£1,430	49
2022	£133,568	£1,465	51
2021	£135,210	£1,281	38
2020	£141,551	£1,237	32
2019	£124,392	£1,180	35
2018	£140,799	£1,310	59
2017	£140,125	£1,220	44
2016	£137,042	£1,288	87
2015	£112,212	£1,093	25
2014	£115,503	£1,037	33
2013	£109,107	£1,124	21
2012	£120,111	£1,048	23
2011	£98,823	£1,002	30
2010	£114,163	£1,142	38
2009	£104,760	£968	20
2008	£97,108	£1,085	38
2007	£124,556	£1,280	63
2006	£110,777	£1,196	68
2005	£91,772	£1,076	79
2004	£79,575	£1,067	111
2003	£58,383	£663	121
2002	£40,330	£445	101
2001	£37,080	£397	66
2000	£33,998	£325	51
1999	£33,149	£316	55
1998	£31,323	£311	26
1997	£30,590	£296	30
1996	£33,820	£349	40
1995	£32,340	£293	20

House Type: Semi-Detached

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£205,640		5
2023	£152,700	£1,767	10
2022	£168,125	£1,919	14
2021	£163,166	£1,573	18
2020	£139,494	£1,557	29
2019	£165,923	£1,772	13
2018	£115,709	£1,313	11
2017	£113,841	£1,377	10
2016	£132,042	£1,425	12
2015	£100,177	£1,334	11
2014	£113,500	£1,327	6
2013	£96,682	£1,237	11
2012	£105,609	£1,152	11
2011	£88,075	£1,177	4
2010	£110,167	£1,308	3
2009	£114,556	£1,280	8
2008	£115,180	£1,228	10
2007	£122,318	£1,453	28
2006	£113,935	£1,429	17
2005	£105,208	£1,394	12
2004	£88,909	£1,092	22
2003	£74,841	£783	16
2002	£51,969	£694	11
2001	£43,981	£635	8
2000	£42,656	£346	9
1999	£45,727	£597	11
1998	£42,712	£466	13
1997	£43,772	£538	9
1996	£37,612	£419	10
1995	£39,217	£483	9

House Type: Flat

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£79,135	£1,120	17
2023	£80,217	£1,190	103
2022	£97,723	£1,395	118
2021	£81,878	£1,161	88
2020	£69,240	£942	50
2019	£70,781	£947	61
2018	£72,880	£1,018	70
2017	£71,939	£973	106
2016	£71,390	£996	70
2015	£69,577	£944	93
2014	£67,803	£959	71
2013	£69,664	£1,027	51
2012	£63,758	£897	36
2011	£67,056	£930	56
2010	£69,660	£1,087	52
2009	£68,107	£1,065	50
2008	£80,732	£1,168	118
2007	£85,287	£1,250	322
2006	£73,233	£1,062	238
2005	£65,455	£951	297
2004	£55,752	£807	361
2003	£37,387	£545	297
2002	£24,060	£364	198
2001	£19,579	£292	118
2000	£18,777	£268	122
1999	£17,804	£261	108
1998	£18,493	£266	130
1997	£20,608	£321	120
1996	£20,063	£295	111
1995	£21,113	£311	103

House Type: Other

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£135,000	£1,776	1
2023	£135,936	£1,491	25
2022	£97,394	£1,384	25
2021	£91,780	£1,279	25
2020	£466,140	£8,808	21
2019	£80,250	£1,023	14
2018	£91,066	£1,263	20
2017	£106,094	£1,331	16
2016	£86,984	£1,107	16
2015	£105,000		1
2014	£110,000	£1,618	1
2013	£59,000	£967	1

House Type: Detached

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2023	£252,000	£2,229	2
2022	£186,000	£1,860	1
2021	£206,303	£1,824	13
2020	£183,995	£1,878	1
2017	£173,982	£1,741	3
2016	£131,000	£1,679	1
2015	£94,000	£1,205	1
2013	£235,000	£1,199	1
2010	£179,975	£2,049	2
2009	£155,000		1
2006	£168,000	£1,348	5
2005	£179,975	£1,586	2
2004	£215,000	£1,160	2
2003	£59,500		2
2002	£102,000	£919	2
1999	£94,983	£511	3

House Type in NE8 4UL area

The most common house types in the NE8 4UL postcode area are Flat (112), Terraced (30), and Shared house (26).

Total	176
Flat	112
Terraced	30
Shared house	26
Semi-detached	5
converted building	2
Detached	1
commercial building	0
temporary structure	0

Tenure of household

As per the tenure of household, most of the the properties are Private rented: Private landlord or letting agency (69), and Social rented: Other social rented (39).

Private rented: Private landlord or letting agency	69
Social rented: Other social rented	39
Owned: Owns outright	32
Owned: Owns with a mortgage or loan	23
Private rented: Other private rented	7
Social rented: Rents from council or Local Authority	6
Lives rent free	2
Does not apply	0
Shared ownership: Shared ownership	0

Number of People in a Household

The most houses in the NE8 4UL have 1 person in household (75), and 2 people in household (64).

1 person in household	75
2 people in household	64
3 people in household	15
4 people in household	11
5 people in household	7
6 people in household	1
8 or more people in household	1
0 people in household	0
7 people in household	0