12 Festival Way

    12, FESTIVAL WAY, GATESHEAD, GATESHEAD, NE11 9QU

    This semi-detached leasehold property on Festival Way last sold in August 2002 for £72,000. Based on price growth in the NE11 district since then, its estimated current value is £167,310 — placing it in the 16th percentile nationally and the 53rd percentile within NE11. The property covers 58 m² (624 sq ft), giving an estimated value of £2,885 per m². The EPC rating is D, with a potential rating of B.

    Type

    Semi-Detached

    Tenure

    Leasehold

    Floor Area

    624 sq ft

    58 m²

    Last Sale Price

    £72,000

    Aug 2002

    Estimated Valuation

    £167,310

    Est. £/sq ft

    £268/sq ft

    £2,885/m²

    Property Details

    TypeSemi-Detached
    TenureLeasehold
    Built formSemi-Detached
    Construction ageEngland and Wales: 1983-1990
    Habitable rooms4
    Main fuelmains gas (not community)
    EPC currentD
    EPC potentialB
    Floor area624 sq ft (58 m²)
    EPC dateOct 2019
    WallsCavity wall, as built, insulated (assumed)
    HeatingBoiler and radiators, mains gas

    Transaction History

    23 Aug 2002

    £72,000

    Key Metrics

    Estimated valuation£167,310
    Value per sq ft / m²£268/sq ft (£2,885/m²)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    NE11 district percentile53rd percentile
    National percentile16th percentile

    District Context — NE11

    NE11 covers Cramlington and surrounding areas in south-east Northumberland, situated between Newcastle and the coast. It is a largely suburban district with a strong family-oriented character and established residential communities.

    Average Property Price - NE11

    £184,538

    8

    National percentile

    Average Net Household Income - NE11

    £34,075

    26

    National percentile

    10-Year Annualised Price Growth - NE11

    4.0%

    67

    National percentile

    10-Year Annualised Rent Growth - NE

    4.0%

    54

    National percentile

    View full analysis for NE11

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