Festival Park Drive, Gateshead
HO

Festival Park Drive, Gateshead

By Homewise

£ 110,500

Reviews

3 out of 5 stars

Homewise says ..

Guide price for a Home for Life Lifetime Lease for OVER 60s tailored to your personal circumstances and requirements. Your price may vary. OVER 60S could benefit from SAVINGS of up to 59% from the market value with a one-off payment for a Lifetime Lease on this property. £11...

Property Oracle says ..

The property is a 2 bedroom semi-detached house located in Gateshead, Tyne and Wear. The list price is £110,500. The property benefits from being close to several primary schools which are rated ‘Outstanding’ or ‘Good’ by Ofsted. Transport links are also good, with several train stations within a reasonable distance. Based on the provided images, the property appears to be in generally good condition, though some minor cosmetic updates might enhance its appeal. The kitchen and bathrooms show some signs of age, but are functional. There is evidence of some minor cosmetic repairs needed to the walls and ceilings. The property does not appear to be in need of major structural work. The property has a small garden, which is a positive feature. However, the plot size is relatively small compared to other properties in the area. Considering the list price of £110,500, the average price in the area is significantly higher at £275,146. The average price per sqft is £234.00, and this property is 913.86 sqft. Given this, the list price is considerably lower than the average for the area. However, nearby comparable properties are listed at a much higher price. The lower price may reflect the smaller plot size and the need for some minor cosmetic improvements. This suggests the property may represent good value for money, despite needing some updating.

Therefore, we give this property 6 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

Price
7
Condition
7
Location
8
Land
4
Bedrooms
2
Bathrooms
0
Sqft (est)
913.86

The heatmap indicates the level of crime in the area. The color of the heatmap indicates the crime severity and recency.

Metrics Year-on-Year

Average area value
265,000.00 £
Increased by 2.60 %
from 258,279.00 £
Est sale value
242,172.90 £
Increased by 9.05 %
from 222,067.98 £
Average area rental value
1,270.00 £/mo
Decreased by 15.05 %
from 1,495.00 £/mo
Est letting value
913.86 £/mo
Unchanged by 0.00 %
from 913.86 £/mo
Est rental Yield
5.75 %
Decreased by 17.27 %
from 6.95 %
Crime Rate
1.00 %
Unchanged by 0.00 %
from 1.00 %

Agent Activity

  • Homewise created the listing.

Nearby Schools

NameTypeOfstedDistance
Eslington Primary SchoolCommunity Special SchoolOutstanding1.11 KM
Lobley Hill Primary SchoolCommunity SchoolGood1.12 KM
St Philip Neri Catholic Primary School, DunstonAcademy Converter1.13 KM
St Aidan'S Church Of England Primary SchoolVoluntary Aided SchoolOutstanding1.23 KM
Emmanuel CollegeCity Technology CollegeOutstanding1.55 KM

Images

Nearby Streets

NameAverage PriceAverage SqftDistance
Norwood Road £ 255,00000.00 KM
Lobley Hill Road £ 000.00 KM
Pennine Gardens £ 000.00 KM
Coach Road £ 240,00000.00 KM
Goodwood Avenue £ 000.00 KM

Nearby Transport

NameNLCTLCDistance
Dunston7744DOT1.51 KM
Newcastle7728NCL2.94 KM
Manors7603MAS4.13 KM
Metrocentre7725MCE4.29 KM
Heworth7766HEW8.17 KM

Nearby Listings

AddressPriceTypeScoreDistance
Festival Park Drive, Gateshead £ 110,500BUY6 / 100.00 KM
Festival Park Drive, Gateshead £ 165,000BUYUnknown0.01 KM
Comma Court, Gateshead, NE11 £ 220,000BUYUnknown0.04 KM
Comma Court, Festival Park, Gateshead £ 220,000BUY7 / 100.04 KM
Glanville Close, Festival Park, Gateshead, NE11 £ 250,000BUY7 / 100.07 KM

Nearby Properties

AddressPriceDistance
19 Festival Park Drive £ 53,4500.00 KM
27 Festival Park Drive £ 136,0000.00 KM
7 Festival Park Drive £ 151,4500.00 KM
35 Festival Park Drive £ 227,5950.00 KM
37 Festival Park Drive £ 67,2000.00 KM