27, FESTIVAL PARK DRIVE, GATESHEAD, NE11 9TU - £136,000

Based on the December 2024 Price Paid Data (released on 29th January 2025), the November 2024 House Price Index (released on 15th January 2025), and the December 2024 Energy Performance of Buildings Data (released on 31st January 2025). Sources

27 FESTIVAL PARK DRIVE is a very small semi-detached house of 58m², built sometime between 1991 and 1995. It was last sold for £136,000 in January 2020, which was around 41% below the average January 2020 detached price in the Gateshead local authority area. The most recent EPC inspection was September 2019, where the current energy rating was D, and the potential energy rating was B.

27 FESTIVAL PARK DRIVE Sold Prices

Land registry data shows four sales for 27 FESTIVAL PARK DRIVE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Gateshead local authority area for the corresponding sale date. All of the four 27 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
2020 22 JAN	£136,000	£230,225	41% below HPI
2003 6 JUN	£96,000	£142,326	33% below HPI
2000 19 JUN	£60,000	£84,679	29% below HPI
1996 30 AUG	£50,650	£72,292	30% below HPI

27 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 four 27 FESTIVAL PARK DRIVE sales between August 1996 and January 2020 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 2003 sale was for 33% below the HPI. So the extrapolation line tracks at 33% below the HPI over time, until the January 2020 sale, where it falls to 41% below the HPI. The line then continues to track at 41% below the HPI.

How Large is 27 FESTIVAL PARK DRIVE?

27 FESTIVAL PARK DRIVE is 58m² according to the EPC inspection conducted in September 2019. This puts it in the smallest 10% of detached houses in Gateshead, based on EPC data. The below chart shows the distribution of detached houses by size in Gateshead, and where 27 FESTIVAL PARK DRIVE lies on this distribution: 2% of detached houses are smaller than 27 FESTIVAL PARK DRIVE, and 98% of houses are larger. Note that EPC data is not available for all properties in Gateshead.

27 FESTIVAL PARK DRIVE: Plot and Title Map

27 FESTIVAL PARK DRIVE sits on a plot of roughly 0.060 of an acre, or 243m². The below map shows the location of 27 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 27 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 27 FESTIVAL PARK DRIVE?

27 FESTIVAL PARK DRIVE is located in GATESHEAD, in the NE11 postcode district. The below map shows the position of No. 27 on FESTIVAL PARK DRIVE.