According to the public record, 34, Festival Way, Gateshead is a modern leasehold house with 904 ft2 of internal area and sits on a 233 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Festival Way, Gateshead, NE11 is located in the borough of Gateshead within the NE11 postal district.
34, Festival Way, Gateshead has a single entry in the Land Registry database from September 2013 and a single entry in the EPC database dated February 2021.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
•Public data including the Land Registry and EPC Register is processed and republished under the Government Open Data Licence.
•All values are estimates based on available data. All data and other content are provided subject to our Terms & Conditions.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 34 Festival Way Gateshead as £178,898 and the rental value as £1,024 per month giving an expected gross yield of 6.9%.
Over the last 12 months the sale value of 34 Festival Way Gateshead has increased by £4,497 (2.5%) and its rental value has increased by £96 per month (9.4%).
Decorative condition can have a big effect on a property's value and this effect varies depending on the type, size and location of the property.
If 34, Festival Way, Gateshead is in very good condition we estimate a sale value of £187,843 and rental value of £1,075 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £166,375 and a rental value of £952 per month.
If you were able to purchase this property for the estimated value of £178,898, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £879 per month.
This figure is only an estimate but we've partnered with Mortgage Advice Bureau who can provide a figure tailored for you! Get started using their mortgage finder below.
According to data from HM Land Registry, 34, Festival Way, Gateshead sits on a plot of 233m2.
We have plot size data on 17 out of 22 other houses in the postcode and 34, Festival Way, Gateshead sits on the 6th largest plot.
According to HM Land Registry, 34, Festival Way, Gateshead was last sold on 06 Sep 2013 for £154,950 and was recorded as a leasehold house.
The property has only had this single sale since 1995.
Since Sep 2013, the market for similar properties has risen 31.4%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 34, Festival Way, Gateshead within a radius of 550 metres over the last 2 years.
The most recent example is 38, Ravensworth Road, Gateshead, NE11 9FJ, a Freehold house which sold for £183,500 in Jun 2024.
Read more about house prices in NE11.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Festival Way, Gateshead, NE11 has a total of 22 addresses. According to our analysis of all the public data, 34, Festival Way, Gateshead is the 4th largest and the 4th most expensive property on the street.
When compared to the postcode district it is £46k more expensive than the average property in NE11.
34, Festival Way, Gateshead has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 11 Feb 2021.
The property is connected to mains gas and has fully double glazed windows. It is heated using a boiler and radiators.
The closest station to 34, Festival Way, Gateshead is Dunston station which is 500 metres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 34, Festival Way, Gateshead, 36.4% of property is privately owned outright and 29.1% is privately rented.
The graph below shows how this compares to Greater London and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around 34, Festival Way, Gateshead, 16.1% of residents are recorded as possessing school level qualifications and 17.4% as possessing degree level qualifications.
The graph below shows how this compares to Greater London and the rest of England & Wales
The most recent census in 2021 recorded the age of all UK residents.
In the area around 34, Festival Way, Gateshead, the average age was 38.5 and the most common age was 32.
The graph below shows how this compares to North East and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around 34, Festival Way, Gateshead, 0.0% of property was a second home.
Comparison figures for North East and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around 34, Festival Way, Gateshead, there are an average of 0.8 cars per household.
See below for how this compares to North East and the rest of England & Wales.