28, FESTIVAL PARK DRIVE, GATESHEAD, NE11 9TT - £149,000

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.

28 FESTIVAL PARK DRIVE is a very small semi-detached house of 61m², built sometime between 1983 and 1990, which could now be worth an estimated £186,772. It was last sold for £149,000 in March 2019, which was around 8% above the average March 2019 semi-detached price in the Gateshead local authority area. The most recent EPC inspection was October 2011, where the current energy rating was D, and the potential energy rating was C.

28 FESTIVAL PARK DRIVE Sold Prices

Land registry data shows six sales for 28 FESTIVAL PARK DRIVE since 1^st January 1995. The below table shows the price paid for the six sales, along with the average semi-detached price in the Gateshead local authority area for the corresponding sale date. three of the six 28 FESTIVAL PARK DRIVE sales were for above the average price, and six were for below 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
2019 29 MAR	£149,000	£137,682	8% above HPI
2017 1 SEP	£135,000	£135,872	1% below HPI
2013 29 NOV	£120,000	£123,375	3% below HPI
2007 30 NOV	£139,950	£142,775	2% below HPI
2003 30 MAY	£93,500	£77,033	21% above HPI
1999 15 JUN	£51,000	£45,901	11% above HPI

28 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 six 28 FESTIVAL PARK DRIVE sales between June 1999 and March 2019 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 September 2017 sale was for 1% below the HPI. So the extrapolation line tracks at 1% below the HPI over time, until the March 2019 sale, where it rises to 8% above the HPI. The line then continues to track at 8% above the HPI.

What might 28 FESTIVAL PARK DRIVE be worth now?

28 FESTIVAL PARK DRIVE might now be worth an estimated £186,772.

This is based on house price inflation of 25.4%, between March 2019 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 25.4% inflationary increase is applied to the most recent sale price for 28 FESTIVAL PARK DRIVE of £149,000 on 29th March 2019. For the value to have increased from £149,000 to £186,772 over the five years and nine months to June 2025, the following assumptions must hold true:

• The value of 28 FESTIVAL PARK DRIVE has moved in line with the HPI for semi-detached houses in the Gateshead local authority area.
• The March 2019 sale price of £149,000 represented a fair market value for the property.
• The size, condition, and specification of 28 FESTIVAL PARK DRIVE has not materially changed since March 2019.

How Large is 28 FESTIVAL PARK DRIVE?

28 FESTIVAL PARK DRIVE is 61m² according to the EPC inspection conducted in October 2011. 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 28 FESTIVAL PARK DRIVE lies on this distribution: 3% of semi-detached houses houses are smaller than 28 FESTIVAL PARK DRIVE, and 97% of houses are larger. Note that EPC data is not available for all properties in Gateshead.

28 FESTIVAL PARK DRIVE: Plot and Title Map

28 FESTIVAL PARK DRIVE sits on a plot of roughly 0.055 of an acre, or 224m². The below map shows the location of 28 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 28 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 28 FESTIVAL PARK DRIVE?

28 FESTIVAL PARK DRIVE is located in GATESHEAD, in the NE11 postcode district. The below map shows the position of No. 28 on FESTIVAL PARK DRIVE.