32, FESTIVAL PARK DRIVE, GATESHEAD, NE11 9TT - £236,000

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

32 FESTIVAL PARK DRIVE is a small detached house of 92m², built sometime between 1983 and 1990. It was last sold for £236,000 in January 2018, which was around 4% above the average January 2018 detached price in the Gateshead local authority area. The most recent EPC inspection was September 2024, where the current energy rating was C, and the potential energy rating was B.

32 FESTIVAL PARK DRIVE Sold Prices

Land registry data shows five sales for 32 FESTIVAL PARK DRIVE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Gateshead local authority area for the corresponding sale date. Most of the five 32 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
2018 5 JAN	£236,000	£227,848	4% above HPI
2009 23 DEC	£190,000	£201,378	6% below HPI
2006 11 JUL	£190,000	£213,145	11% below HPI
2000 30 JUN	£89,000	£84,679	5% above HPI
1995 31 MAR	£74,950	£74,419	1% above HPI

32 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 five 32 FESTIVAL PARK DRIVE sales between March 1995 and January 2018 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 December 2009 sale was for 6% below the HPI. So the extrapolation line tracks at 6% below the HPI over time, until the January 2018 sale, where it rises to 4% above the HPI. The line then continues to track at 4% above the HPI.

How Large is 32 FESTIVAL PARK DRIVE?

32 FESTIVAL PARK DRIVE is 92m² according to the EPC inspection conducted in September 2024. 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 32 FESTIVAL PARK DRIVE lies on this distribution: 33% of detached houses are smaller than 32 FESTIVAL PARK DRIVE, and 66% of houses are larger. Note that EPC data is not available for all properties in Gateshead.

32 FESTIVAL PARK DRIVE: Plot and Title Map

32 FESTIVAL PARK DRIVE sits on a plot of roughly 0.122 of an acre, or 495m². The below map shows the location of 32 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 32 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 32 FESTIVAL PARK DRIVE?

32 FESTIVAL PARK DRIVE is located in GATESHEAD, in the NE11 postcode district. The below map shows the position of No. 32 on FESTIVAL PARK DRIVE.