5, FESTIVAL PARK DRIVE, GATESHEAD, NE11 9TU - £139,500

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.

5 FESTIVAL PARK DRIVE is a very small semi-detached house of 69m², built sometime between 1991 and 1995, which could now be worth an estimated £193,464. It was last sold for £139,500 in April 2006, which was around 12% above the average April 2006 semi-detached price in the Gateshead local authority area. The most recent EPC inspection was May 2024, where the current energy rating was C, and the potential energy rating was B.

5 FESTIVAL PARK DRIVE Sold Prices

Land registry data shows five sales for 5 FESTIVAL PARK DRIVE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average semi-detached price in the Gateshead local authority area for the corresponding sale date. All of the five 5 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
2006 7 APR	£139,500	£124,445	12% above HPI
2002 1 NOV	£86,050	£68,047	26% above HPI
2001 29 JUN	£67,000	£53,129	26% above HPI
1997 14 FEB	£52,250	£42,746	22% above HPI
1995 16 NOV	£49,950	£40,058	25% above HPI

5 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 five 5 FESTIVAL PARK DRIVE sales between November 1995 and April 2006 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 November 2002 sale was for 26% above the HPI. So the extrapolation line tracks at 26% above the HPI over time, until the April 2006 sale, where it falls to 12% above the HPI. The line then continues to track at 12% above the HPI.

What might 5 FESTIVAL PARK DRIVE be worth now?

5 FESTIVAL PARK DRIVE might now be worth an estimated £193,464.

This is based on house price inflation of 38.7%, between April 2006 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 38.7% inflationary increase is applied to the most recent sale price for 5 FESTIVAL PARK DRIVE of £139,500 on 7th April 2006. For the value to have increased from £139,500 to £193,464 over the eighteen years and ten months to June 2025, the following assumptions must hold true:

• The value of 5 FESTIVAL PARK DRIVE has moved in line with the HPI for semi-detached houses in the Gateshead local authority area.
• The April 2006 sale price of £139,500 represented a fair market value for the property.
• The size, condition, and specification of 5 FESTIVAL PARK DRIVE has not materially changed since April 2006.

How Large is 5 FESTIVAL PARK DRIVE?

5 FESTIVAL PARK DRIVE is 69m² according to the EPC inspection conducted in May 2024. 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 5 FESTIVAL PARK DRIVE lies on this distribution: 7% of semi-detached houses houses are smaller than 5 FESTIVAL PARK DRIVE, and 92% of houses are larger. Note that EPC data is not available for all properties in Gateshead.

5 FESTIVAL PARK DRIVE: Plot and Title Map

5 FESTIVAL PARK DRIVE sits on a plot of roughly 0.051 of an acre, or 205m². The below map shows the location of 5 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 5 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 5 FESTIVAL PARK DRIVE?

5 FESTIVAL PARK DRIVE is located in GATESHEAD, in the NE11 postcode district. The below map shows the position of No. 5 on FESTIVAL PARK DRIVE.