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Faraday Grove is a residential street with 86 addresses.
It ranks as the 623rd largest and 91st most expensive of the 691 streets in the NE8 area. The dominant property type is a period flat built between 1800 and 1911.
The street contains a total of 86 properties: 6 houses and 80 flats.
Faraday Grove is a residential street with 86 addresses.
It ranks as the 623rd largest and 91st most expensive of the 691 streets in the NE8 area. The dominant property type is a period flat built between 1800 and 1911.
The street contains a total of 86 properties: 6 houses and 80 flats.
Sale prices range from £74,994 for 2 bedroom leasehold flats with a garden (635 ft2) to £201,435 for 4 bedroom leasehold houses with a garden (1,517 ft2) .
Monthly rental prices range from £725 pcm for 2 bed flats to £1,786 pcm for 4 bed houses.
The gross rental yield is between 10.6% and 11.8%.
The average value per square foot is £115.
The last sale on Faraday Grove sold for £58,000 on 3rd November 2025. Since then prices are up an average of 1.5%.
The current average value in the street is £91,070.
The Faraday Grove Sales Market has increased by 17.1% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | 1.1% | £91,070 |
| April 2025 | -0.4% | £90,100 |
| April 2024 | 0.8% | £90,447 |
| April 2023 | 5.3% | £89,714 |
| April 2022 | 4.2% | £85,229 |
| April 2021 | 2.3% | £81,808 |
| April 2020 | 0.7% | £79,987 |
| April 2019 | -0.7% | £79,464 |
| April 2018 | 2.2% | £79,997 |
| April 2017 | 0.6% | £78,245 |
| April 2016 | -0.4% | £77,794 |
| April 2015 | 1% | £78,088 |
| April 2014 | 1% | £77,343 |
| April 2013 | 0.7% | £76,562 |
| April 2012 | -0.2% | £76,005 |
| April 2011 | -6.2% | £76,155 |
| April 2010 | 1.8% | £81,191 |
| April 2009 | -13.5% | £79,775 |
| April 2008 | 0.3% | £92,211 |
| April 2007 | 0% | £91,916 |
The current average rental value in the street is £872.
The Faraday Grove Rental Market has increased by 45.6% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | 3.1% | £872pcm |
| April 2025 | 3.5% | £845pcm |
| April 2024 | 8.9% | £816pcm |
| April 2023 | 9.7% | £750pcm |
| April 2022 | 10.1% | £683pcm |
| April 2021 | 1.2% | £621pcm |
| April 2020 | 2.4% | £614pcm |
| April 2019 | -0.3% | £599pcm |
| April 2018 | -0.9% | £601pcm |
| April 2017 | 1.4% | £607pcm |
| April 2016 | 0.8% | £599pcm |
| April 2015 | 1.1% | £594pcm |
| April 2014 | 0.9% | £587pcm |
| April 2013 | -0.2% | £582pcm |
| April 2012 | -0.9% | £583pcm |
| April 2011 | 2% | £589pcm |
| April 2010 | -1.3% | £577pcm |
| April 2009 | -2.8% | £585pcm |
| April 2008 | 2.7% | £602pcm |
| April 2007 | 0% | £586pcm |
The last sale was on 3rd November 2025 for £58,000 and since then the market in the area has increased by 1.5%. The street has had a total of 112 sales since 1995.
Faraday Grove, Gateshead, NE8 has seen 11 sales in the last three years and 4 sales in the last twelve months.
Faraday Grove, Gateshead, NE8 is the 623rd largest and the 91st most expensive street in the NE8 area.
There is 1 postcode on Faraday Grove, Gateshead, NE8.
The closest station to Faraday Grove, Gateshead, NE8 is Dunston station which is 1.9 kilometres away.
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The recent census recorded whether a resident owned or rented their home.
In the area around Faraday Grove, Gateshead, NE8, 42.7% of property is privately rented and 25.3% is socially rented.
The graph below shows how this compares to North East and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around Faraday Grove, Gateshead, NE8, 20.5% of residents are recorded as possessing school level qualifications and 27.9% as possessing degree level qualifications.
The graph below shows how this compares to North East and the rest of England & Wales.
The most recent census in 2021 recorded the age of all UK residents.
In the area around Faraday Grove, Gateshead, NE8, the average age was 35.8 and the most common age was 32.
The graph below shows how this compares to North East and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around Faraday Grove, Gateshead, NE8, 0.0% of property was a second home.
Comparison figures for North East and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around Faraday Grove, Gateshead, NE8, there are an average of 0.6 cars per household.
See below for how this compares to North East and the rest of England & Wales.
According to recent data from Ofcom, ultrafast broadband is available in this area.
According to recent data from Ofcom, Ultrafast broadband is available in the area.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.