6, FESTIVAL PARK DRIVE, GATESHEAD, NE11 9TT - £175,000

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

6 FESTIVAL PARK DRIVE is a large extended detached house of 124m², built sometime between 1996 and 2002. It was last sold for £175,000 in July 2013, which was around 14% below the average July 2013 detached price in the Gateshead local authority area. The most recent EPC inspection was January 2014, where the current energy rating was D, and the potential energy rating was C.

6 FESTIVAL PARK DRIVE Sold Prices

Land registry data shows two sales for 6 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 6 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
2013 19 JUL	£175,000	£202,439	14% below HPI
2000 31 JUL	£79,000	£87,803	10% below HPI

6 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 6 FESTIVAL PARK DRIVE sales from July 2000 and July 2013 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 July 2000 sale was for 10% below the HPI. So the extrapolation line tracks at 10% below the HPI over time, until the July 2013 sale, where it falls to 14% below the HPI. The line then continues to track at 14% below the HPI.

How Large is 6 FESTIVAL PARK DRIVE?

6 FESTIVAL PARK DRIVE is 124m², which includes one extension, according to the EPC inspection conducted in January 2014. This puts it in the largest 30% of detached houses in Gateshead, based on EPC data. The below chart shows the distribution of detached houses by size in Gateshead, and where 6 FESTIVAL PARK DRIVE lies on this distribution: 72% of detached houses are smaller than 6 FESTIVAL PARK DRIVE, and 28% of houses are larger. Note that EPC data is not available for all properties in Gateshead.

6 FESTIVAL PARK DRIVE: Plot and Title Map

6 FESTIVAL PARK DRIVE sits on a plot of roughly 0.158 of an acre, or 640m². The below map shows the location of 6 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 6 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 6 FESTIVAL PARK DRIVE?

6 FESTIVAL PARK DRIVE is located in GATESHEAD, in the NE11 postcode district. The below map shows the position of No. 6 on FESTIVAL PARK DRIVE.