8 Festival Way

    8, FESTIVAL WAY, GATESHEAD, NE11 9QU

    This semi-detached freehold property on Festival Way last sold in May 2019 for £125,000. Based on price growth in the NE11 district since then, its estimated current value is £147,154 — placing it in the 12th percentile nationally and the 38th percentile within NE11. The property covers 80 m² (861 sq ft), giving an estimated value of £1,839 per m². The EPC rating is C, with a potential rating of B.

    Type

    Semi-Detached

    Tenure

    Freehold

    Floor Area

    861 sq ft

    80 m²

    Last Sale Price

    £125,000

    May 2019

    Estimated Valuation

    £147,154

    Est. £/sq ft

    £171/sq ft

    £1,839/m²

    Property Details

    TypeSemi-Detached
    TenureFreehold
    Built formSemi-Detached
    Construction ageEngland and Wales: 1991-1995
    Habitable rooms4
    Main fuelmains gas (not community)
    EPC currentC
    EPC potentialB
    Floor area861 sq ft (80 m²)
    EPC dateFeb 2019
    WallsCavity wall, filled cavity
    HeatingBoiler and radiators, mains gas

    Transaction History

    31 May 2019

    £125,000

    4 Feb 2013

    £124,950

    26 Sept 2008

    £160,000

    Key Metrics

    Estimated valuation£147,154
    Value per sq ft / m²£171/sq ft (£1,839/m²)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    NE11 district percentile38th percentile
    National percentile12th 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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