16, FESTIVAL PARK DRIVE, GATESHEAD, NE11 9TT - £205,000

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.

16 FESTIVAL PARK DRIVE is a small extended detached house of 94m², built sometime between 1991 and 1995, which could now be worth an estimated £253,226. It was last sold for £205,000 in October 2017, which was around 11% below the average October 2017 detached price in the Gateshead local authority area. The most recent EPC inspection was August 2017, where the current energy rating was D, and the potential energy rating was C.

16 FESTIVAL PARK DRIVE Sold Prices

Land registry data shows three sales for 16 FESTIVAL PARK DRIVE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Gateshead local authority area for the corresponding sale date. All of the three 16 FESTIVAL PARK DRIVE sales were for below 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
2017 16 OCT	£205,000	£229,586	11% below HPI
2007 5 APR	£187,000	£213,339	12% below HPI
1999 5 FEB	£60,000	£80,028	25% below HPI

16 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 three 16 FESTIVAL PARK DRIVE sales between February 1999 and October 2017 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 April 2007 sale was for 12% below the HPI. So the extrapolation line tracks at 12% below the HPI over time, until the October 2017 sale, where it rises to 11% below the HPI. The line then continues to track at 11% below the HPI.

What might 16 FESTIVAL PARK DRIVE be worth now?

16 FESTIVAL PARK DRIVE might now be worth an estimated £253,226.

This is based on house price inflation of 23.5%, between October 2017 and March 2025, for detached houses, in the Gateshead local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 23.5% inflationary increase is applied to the most recent sale price for 16 FESTIVAL PARK DRIVE of £205,000 on 16th October 2017. For the value to have increased from £205,000 to £253,226 over the eight years and seven months to March 2025, the following assumptions must hold true:

• The value of 16 FESTIVAL PARK DRIVE has moved in line with the HPI for detached houses in the Gateshead local authority area.
• The October 2017 sale price of £205,000 represented a fair market value for the property.
• The size, condition, and specification of 16 FESTIVAL PARK DRIVE has not materially changed since October 2017.

How Large is 16 FESTIVAL PARK DRIVE?

16 FESTIVAL PARK DRIVE is 94m², which includes two extensions, according to the EPC inspection conducted in August 2017. This puts it in the smallest 40% of detached houses houses in Gateshead, based on EPC data. The below chart shows the distribution of detached houses houses by size in Gateshead, and where 16 FESTIVAL PARK DRIVE lies on this distribution: 35% of detached houses houses are smaller than 16 FESTIVAL PARK DRIVE, and 64% of houses are larger. Note that EPC data is not available for all properties in Gateshead.

16 FESTIVAL PARK DRIVE: Plot and Title Map

16 FESTIVAL PARK DRIVE sits on a plot of roughly 0.078 of an acre, or 314m². The below map shows the location of 16 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 16 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 16 FESTIVAL PARK DRIVE?

16 FESTIVAL PARK DRIVE is located in GATESHEAD, in the NE11 postcode district. The below map shows the position of No. 16 on FESTIVAL PARK DRIVE.