34, FOSTER DRIVE, GATESHEAD, NE8 3JG - £113,500

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

34 FOSTER DRIVE is a very small flat of 38m², built sometime between 2003 and 2006, which could now be worth an estimated £132,950. It was last sold for £113,500 in February 2005, which was around 37% above the average February 2005 flat price in the Gateshead local authority area. The most recent EPC inspection was January 2020, where the current energy rating was C, and the potential energy rating was C.

34 FOSTER DRIVE Sold Prices

Land registry data shows two sales for 34 FOSTER DRIVE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average flat price in the Gateshead local authority area for the corresponding sale date. Both of the two 34 FOSTER DRIVE sales were for above the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2005 24 FEB	£113,500	£82,757	37% above HPI
2003 29 SEP	£97,950	£61,526	59% above HPI

What might 34 FOSTER DRIVE be worth now?

34 FOSTER DRIVE might now be worth an estimated £132,950.

This is based on house price inflation of 17.1%, between February 2005 and March 2026, for flats, in the Gateshead local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 17.1% inflationary increase is applied to the most recent sale price for 34 FOSTER DRIVE of £113,500 on 24th February 2005. For the value to have increased from £113,500 to £132,950 over the twenty years and eleven months to March 2026, the following assumptions must hold true:

• The value of 34 FOSTER DRIVE has moved in line with the HPI for flats in the Gateshead local authority area.
• The February 2005 sale price of £113,500 represented a fair market value for the property.
• The size, condition, and specification of 34 FOSTER DRIVE has not materially changed since February 2005.

How Large is 34 FOSTER DRIVE?

34 FOSTER DRIVE is 38m² according to the EPC inspection conducted in January 2020. This puts it in the smallest 10% of flats in Gateshead, based on EPC data. 3% of flats are smaller than 34 FOSTER DRIVE, and 97% of flats are larger. Note that EPC data is not available for all properties in Gateshead.

34 FOSTER DRIVE: Plot

34 FOSTER DRIVE sits on a plot of roughly 0.109 of an acre, or 440m².

Where is 34 FOSTER DRIVE?

34 FOSTER DRIVE is located in GATESHEAD, in the NE8 postcode district.