The park was opened by Councillor C. Mossop, Chairman of Gosforth Urban District Council on 6 August 1932, and is about 7 acres (2.8 ha) in extent.

It cost more than £10,000 and included a bandstand, bowling green, and tennis courts.

The Memorial was moved from the north edge of the park to its current central location, on the site of the former bandstand.

It is an octagonal column about 12 feet (3.7 m) high, and was unveiled on 28 January 1925 by the Duke of Northumberland.

The Friends of Gosforth Central Park was formed in 2013 for the encouragement of local participation in the promotion, management, maintenance and improvement of the Park and its facilities, including environmental conservation and education.