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

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

16 FESTIVAL PARK DRIVE is a small extended detached house of 94m², built sometime between 1991 and 1995. 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	£231,142	11% below HPI
2007 5 APR	£187,000	£214,785	13% below HPI
1999 5 FEB	£60,000	£80,570	26% 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 13% below the HPI. So the extrapolation line tracks at 13% 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.

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 in Gateshead, based on EPC data. The below chart shows the distribution of detached houses by size in Gateshead, and where 16 FESTIVAL PARK DRIVE lies on this distribution: 35% of detached 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.