27, FESTIVAL PARK DRIVE, GATESHEAD, NE11 9TU - £136,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

27 FESTIVAL PARK DRIVE is a very small semi-detached house of 58m², built sometime between 1991 and 1995, which could now be worth an estimated £168,441. It was last sold for £136,000 in January 2020, which was around 2% below the average January 2020 semi-detached price in the Gateshead local authority area. The most recent EPC inspection was September 2019, where the current energy rating was D, and the potential energy rating was B.

27 FESTIVAL PARK DRIVE Sold Prices

Land registry data shows four sales for 27 FESTIVAL PARK DRIVE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average semi-detached price in the Gateshead local authority area for the corresponding sale date. Most of the four 27 FESTIVAL PARK DRIVE sales were for above the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2020 22 JAN	£136,000	£139,346	2% below HPI
2003 6 JUN	£96,000	£81,683	18% above HPI
2000 19 JUN	£60,000	£48,262	24% above HPI
1996 30 AUG	£50,650	£41,519	22% above HPI

27 FESTIVAL PARK DRIVE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Gateshead local authority area over time, sourced from the HPI. The four 27 FESTIVAL PARK DRIVE sales between August 1996 and January 2020 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the June 2003 sale was for 18% above the HPI. So the extrapolation line tracks at 18% above the HPI over time, until the January 2020 sale, where it falls to 2% below the HPI. The line then continues to track at 2% below the HPI.

What might 27 FESTIVAL PARK DRIVE be worth now?

27 FESTIVAL PARK DRIVE might now be worth an estimated £168,441.

This is based on house price inflation of 23.9%, between January 2020 and June 2025, for semi-detached houses, in the Gateshead local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 23.9% inflationary increase is applied to the most recent sale price for 27 FESTIVAL PARK DRIVE of £136,000 on 22nd January 2020. For the value to have increased from £136,000 to £168,441 over the four years and seven months to June 2025, the following assumptions must hold true:

• The value of 27 FESTIVAL PARK DRIVE has moved in line with the HPI for semi-detached houses in the Gateshead local authority area.
• The January 2020 sale price of £136,000 represented a fair market value for the property.
• The size, condition, and specification of 27 FESTIVAL PARK DRIVE has not materially changed since January 2020.

How Large is 27 FESTIVAL PARK DRIVE?

27 FESTIVAL PARK DRIVE is 58m² according to the EPC inspection conducted in September 2019. This puts it in the smallest 10% of semi-detached houses houses in Gateshead, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Gateshead, and where 27 FESTIVAL PARK DRIVE lies on this distribution: 2% of semi-detached houses houses are smaller than 27 FESTIVAL PARK DRIVE, and 98% of houses are larger. Note that EPC data is not available for all properties in Gateshead.

27 FESTIVAL PARK DRIVE: Plot and Title Map

27 FESTIVAL PARK DRIVE sits on a plot of roughly 0.060 of an acre, or 243m². The below map shows the location of 27 FESTIVAL PARK DRIVE, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 27 FESTIVAL PARK DRIVE). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 27 FESTIVAL PARK DRIVE?

27 FESTIVAL PARK DRIVE is located in GATESHEAD, in the NE11 postcode district. The below map shows the position of No. 27 on FESTIVAL PARK DRIVE.