12, FESTIVAL PARK DRIVE, GATESHEAD, NE11 9TT - £185,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

12 FESTIVAL PARK DRIVE is a large detached house of 117m², built sometime between 1983 and 1990. It was last sold for £185,000 in October 2003, which was around 19% above the average October 2003 detached price in the Gateshead local authority area. The most recent EPC inspection was March 2013, where the current energy rating was C, and the potential energy rating was B.

12 FESTIVAL PARK DRIVE Sold Prices

Land registry data shows two sales for 12 FESTIVAL PARK DRIVE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Gateshead local authority area for the corresponding sale date. Both of the two 12 FESTIVAL PARK 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
2003 17 OCT	£185,000	£155,805	19% above HPI
2002 27 JUN	£138,000	£111,024	24% above HPI

12 FESTIVAL PARK DRIVE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Gateshead local authority area over time, sourced from the HPI. The two 12 FESTIVAL PARK DRIVE sales from June 2002 and October 2003 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the June 2002 sale was for 24% above the HPI. So the extrapolation line tracks at 24% above the HPI over time, until the October 2003 sale, where it falls to 19% above the HPI. The line then continues to track at 19% above the HPI.

How Large is 12 FESTIVAL PARK DRIVE?

12 FESTIVAL PARK DRIVE is 117m² according to the EPC inspection conducted in March 2013. This puts it in the largest 40% of detached houses in Gateshead, based on EPC data. The below chart shows the distribution of detached houses by size in Gateshead, and where 12 FESTIVAL PARK DRIVE lies on this distribution: 67% of detached houses are smaller than 12 FESTIVAL PARK DRIVE, and 32% of houses are larger. Note that EPC data is not available for all properties in Gateshead.

12 FESTIVAL PARK DRIVE: Plot and Title Map

12 FESTIVAL PARK DRIVE sits on a plot of roughly 0.189 of an acre, or 764m². The below map shows the location of 12 FESTIVAL PARK DRIVE, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 12 FESTIVAL PARK DRIVE). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 12 FESTIVAL PARK DRIVE?

12 FESTIVAL PARK DRIVE is located in GATESHEAD, in the NE11 postcode district. The below map shows the position of No. 12 on FESTIVAL PARK DRIVE.