Ashington

Area Guide For Ashington

Ashington is a town and civil parish in Northumberland, England with a population of around 27,000 it was once a centre of the coal mining. The town is located some 15 miles (24 km) north of Newcastle upon Tyne off the A189. The south of the town is bordered by the River Wansbeck. The North Sea coast at Newbiggin-by-the-Sea is about 3 miles (5 km) from the town centre. Many inhabitants have a distinctive accent and dialect known as Pitmatic. This varies from the regional dialect known as Geordie. The name Ashington possibly originates from Essendene which has been referenced since 1170, but may instead have originated from, a Saxon invader who sailed from Northern Germany to the River Wansbeck and settled in the deep wooded valley near Sheepwash. But it could also have come from "Valley of Ash Trees" - these would have lined the valley and the Saxon word Dene means valley giving the name 'Ash Dene'. In the 1700s all that existed of Ashington was a small farm with a few dwellings around. The first evidence of mining is from bell-shaped pits and monastic mine workings discovered in the 20th century during tunnelling. Ashington developed from a small hamlet in the 1840s, as the

 
 

Ashington Map

Estimated Price: £107,807
Average Asking Price: £134,555
Price change in last one year: £4,052
Average Price Paid: £99,226
Average Rent Rates: £450

 
 

Property Prices Breakdown in Ashington

Average Price for property in Ashington is around £107,807 which varies based on type of property you are interested in and ranges from £187,595 for detached house to around £119,043 for semi-detached. Similarly terraced house is around £78,654 and a flat is worth £67,108. Values have been changing and have risen £211 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £31 in last 6 months, £4,052 in last 1 year, £7,632 in last 2 years, £10,270 in last 3 years, £736 in last 4 years and £3,812 in last 5 years.

Currently average asking price of a property in Ashington is around £134,555 based on approximately 291 properties for sale. Same is the case with rental options based on 164 properties up for rent, average asking rent is around £450 per month.

Estimated property value in Ashington is £107,807. Average asking price is £134,555 while average price paid is £99,160 which is up by £4,052 and Avg. asking rent £450.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 Ashington area. In last 1 year alone average price buyer paid is around £99,160 based on approximately 291 sales in Ashington area alone. If you compare it to last 3 years sales of 950 properties where buyers paid around £99,976. 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 £99,226 for 1,506 and average amount paid for purchase of approx. 2,092 properties sold in last 7 years comes to about £101,307 per sale.

 
 

Properties For Sale in Ashington

 
 

Breakdown of asking prices for homes of different sizes show that price varies clearly based on no of bedrooms and type of house. Asking price for a house with 2 bedroom is around £70,267, £114,120 for a 3 bedroom house, £197,107 for a 4 bedroom house and £290,680 for a 5 bedroom house. For a flat similarly the prices varies from £46,617 for a single bedroom to £67,998 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £44,967. To sum up the asking prices for properties in Ashington it comes to around average £46,617 for 1 bedroom property, £69,633 for 2 bedroom, £112,627 for 3 bedroom, £197,107 for 4 bedroom and £290,680 for a 5 bedroom property.

Rent per calendar month varies similarly based on type and size of the house. If you look at the rents per month for houses alone it can vary from £251 for 1 bedroom to £401 for 2 bedroom, £466 for 3 bedroom and £750 for 4 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £307. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £364 and £368 for 3 bedroom. You should be generally be expecting around average £301 rent per month for single bedroom property, £387 for 2 bedroom, £457 for 3 bedroom and approximately £750 for 4 bedroom property in Ashington area.

Popular Houses in Ashington

Disclaimer : Location real estate estimates and values are based on House price index background data and Sales data provided by United Kingdom Land registry Records available as public records from their website. This information is updated monthly on our website and may not reflect all public transactions. This information is based on estimated calculation generated from our developed algorithms. We are striving to make this information as accurate and useful as possible. This data covers the transactions received at Land Registry in the period 1/1/1995 to 9/1/2014. © Crown copyright 2014. Data produced by Land Registry © Crown copyright 2014.

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