16 Festival Park Drive

    16, FESTIVAL PARK DRIVE, GATESHEAD, NE11 9TT

    This detached freehold property on Festival Park Drive last sold in October 2017 for £205,000. Based on price growth in the NE11 district since then, its estimated current value is £322,477 — placing it in the 54th percentile nationally and the 91st percentile within NE11. The property covers 94 m² (1,012 sq ft), giving an estimated value of £3,431 per m². The EPC rating is D, with a potential rating of C.

    Type

    Detached

    Tenure

    Freehold

    Floor Area

    1,012 sq ft

    94 m²

    Last Sale Price

    £205,000

    Oct 2017

    Estimated Valuation

    £322,477

    Est. £/sq ft

    £319/sq ft

    £3,431/m²

    Property Details

    TypeDetached
    TenureFreehold
    Built formDetached
    Construction ageEngland and Wales: 1991-1995
    Habitable rooms6
    Main fuelmains gas (not community)
    EPC currentD
    EPC potentialC
    Floor area1,012 sq ft (94 m²)
    EPC dateAug 2017
    WallsCavity wall, as built, insulated (assumed)
    HeatingBoiler and radiators, mains gas

    Transaction History

    16 Oct 2017

    £205,000

    5 Apr 2007

    £187,000

    5 Feb 1999

    £60,000

    Key Metrics

    Estimated valuation£322,477
    Value per sq ft / m²£319/sq ft (£3,431/m²)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    NE11 district percentile91st percentile
    National percentile54th 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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