Average Price for property in Akenside Terrace, Jesmond, Newcastle upon Tyne, NE2 is around £304,285 which varies based on type of property you are interested in and ranges from £1,124,176 for detached house to around £617,330 for semi-detached. Similarly terraced house is around £544,799 and a flat is worth £211,623. Values have been changing and have risen £1,097 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £3,558 in last 6 months, £14,887 in last 1 year, £19,485 in last 2 years, £30,272 in last 3 years, £18,973 in last 4 years and £17,057 in last 5 years.
Currently average asking price of a property in Akenside Terrace, Jesmond, Newcastle upon Tyne, NE2 is around £273,264 based on approximately 1 properties for sale. Same is the case with rental options based on 1,536 properties up for rent, average asking rent is around £1,022 per month.
Estimated property value in Akenside Terrace, Jesmond, Newcastle upon Tyne, NE2 is £304,285. Average asking price is £273,264 while average price paid is £172,000 which is up by £14,887 and Avg. asking rent £1,022.Based on an Online Survey
Buyers are willing to pay high dollar prices to grab these properties because of the recent trend in real estate investment especially in Akenside Terrace, Jesmond, Newcastle upon Tyne, NE2 area. In last 1 year alone average price buyer paid is around £172,000 based on approximately 1 sales in Akenside Terrace, Jesmond, Newcastle upon Tyne, NE2 area alone. If you compare it to last 3 years sales of 5 properties where buyers paid around £365,400. It has been same for some time now for e.g. if you take an average of amount paid in last 5 years, it comes to around £278,000 for 8 and average amount paid for purchase of approx. 17 properties sold in last 7 years comes to about £301,500 per sale.