7 Festival Park Drive

    7, FESTIVAL PARK DRIVE, GATESHEAD, NE11 9TU

    This semi-detached freehold property on Festival Park Drive last sold in August 2019 for £151,450. Based on price growth in the NE11 district since then, its estimated current value is £178,292 — placing it in the 19th percentile nationally and the 60th percentile within NE11. The property covers 59 m² (635 sq ft), giving an estimated value of £3,022 per m². The EPC rating is D, with a potential rating of B.

    Type

    Semi-Detached

    Tenure

    Freehold

    Floor Area

    635 sq ft

    59 m²

    Last Sale Price

    £151,450

    Aug 2019

    Estimated Valuation

    £178,292

    Est. £/sq ft

    £281/sq ft

    £3,022/m²

    Property Details

    TypeSemi-Detached
    TenureFreehold
    Built formSemi-Detached
    Construction ageEngland and Wales: 1991-1995
    Habitable rooms4
    Main fuelmains gas (not community)
    EPC currentD
    EPC potentialB
    Floor area635 sq ft (59 m²)
    EPC dateMar 2016
    WallsCavity wall, filled cavity
    HeatingBoiler and radiators, mains gas

    Transaction History

    16 Aug 2019

    £151,450

    5 Aug 2016

    £138,000

    Key Metrics

    Estimated valuation£178,292
    Value per sq ft / m²£281/sq ft (£3,022/m²)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    NE11 district percentile60th percentile
    National percentile19th 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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