21 Festival Park Drive

    21, FESTIVAL PARK DRIVE, GATESHEAD, GATESHEAD, NE11 9TU

    This detached leasehold property on Festival Park Drive last sold in February 1997 for £74,950. Based on price growth in the NE11 district since then, its estimated current value is £353,760 — placing it in the 60th percentile nationally and the 93rd percentile within NE11. The property covers 90 m² (969 sq ft), giving an estimated value of £3,931 per m². The EPC rating is D, with a potential rating of B.

    Type

    Detached

    Tenure

    Leasehold

    Floor Area

    969 sq ft

    90 m²

    Last Sale Price

    £74,950

    Feb 1997

    Estimated Valuation

    £353,760

    Est. £/sq ft

    £365/sq ft

    £3,931/m²

    Property Details

    TypeDetached
    TenureLeasehold
    Built formDetached
    Construction ageEngland and Wales: 1983-1990
    Habitable rooms6
    Main fuelmains gas (not community)
    EPC currentD
    EPC potentialB
    Floor area969 sq ft (90 m²)
    EPC dateAug 2019
    WallsCavity wall, as built, insulated (assumed)
    HeatingBoiler and radiators, mains gas

    Transaction History

    7 Feb 1997

    New build

    £74,950

    Key Metrics

    Estimated valuation£353,760
    Value per sq ft / m²£365/sq ft (£3,931/m²)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    NE11 district percentile93rd percentile
    National percentile60th 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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