2 Festival Park Drive

    2, FESTIVAL PARK DRIVE, GATESHEAD, GATESHEAD, NE11 9TT

    This detached freehold property on Festival Park Drive last sold in October 2003 for £245,000. Based on price growth in the NE11 district since then, its estimated current value is £526,642 — placing it in the 81st percentile nationally and the 99th percentile within NE11. The property covers 167 m² (1,798 sq ft), giving an estimated value of £3,154 per m². The EPC rating is C, with a potential rating of B.

    Type

    Detached

    Tenure

    Freehold

    Floor Area

    1,798 sq ft

    167 m²

    Last Sale Price

    £245,000

    Oct 2003

    Estimated Valuation

    £526,642

    Est. £/sq ft

    £293/sq ft

    £3,154/m²

    Property Details

    TypeDetached
    TenureFreehold
    Built formSemi-Detached
    Construction ageEngland and Wales: 1991-1995
    Habitable rooms6
    Main fuelmains gas (not community)
    EPC currentC
    EPC potentialB
    Floor area1,798 sq ft (167 m²)
    EPC dateFeb 2025
    WallsCavity wall, filled cavity
    HeatingBoiler and radiators, mains gas

    Transaction History

    31 Oct 2003

    £245,000

    Key Metrics

    Estimated valuation£526,642
    Value per sq ft / m²£293/sq ft (£3,154/m²)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    NE11 district percentile99th percentile
    National percentile81st 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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