Newcastle upon Tyne

Area Guide For Newcastle upon Tyne

Newcastle is a city located in the county of Tyne and Wear, bordering the river Tyne. With a rich historic background, the city is known as an educational hub, leading in various academic fields, including medicine. The city doesn’t lag back in entertainment either, ranking among the top night spots in England and is also home to several theatres and restaurants. Cultural events are also a major part of life in Newcastle, including literary events, festivals, music concerts and performances.

 
 

Newcastle upon Tyne Map

Estimated Price: £189,938
Average Asking Price: £219,883
Price change in last one year: £13,878
Average Price Paid: £172,772
Average Rent Rates: £966

 
 

Property Prices Breakdown in Newcastle upon Tyne

Average Price for property in Newcastle upon Tyne is around £189,938 which varies based on type of property you are interested in and ranges from £340,992 for detached house to around £183,492 for semi-detached. Similarly terraced house is around £164,323 and a flat is worth £133,060. Values have been changing and have risen £1,016 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £538 in last 6 months, £13,878 in last 1 year, £19,585 in last 2 years, £21,569 in last 3 years, £12,968 in last 4 years and £15,415 in last 5 years.

Currently average asking price of a property in Newcastle upon Tyne is around £219,883 based on approximately 4,382 properties for sale. Same is the case with rental options based on 4,573 properties up for rent, average asking rent is around £966 per month.

Estimated property value in Newcastle upon Tyne is £189,938. Average asking price is £219,883 while average price paid is £178,683 which is up by £13,878 and Avg. asking rent £966.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 Newcastle upon Tyne area. In last 1 year alone average price buyer paid is around £178,683 based on approximately 4,382 sales in Newcastle upon Tyne area alone. If you compare it to last 3 years sales of 12,421 properties where buyers paid around £173,373. 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 £172,772 for 19,770 and average amount paid for purchase of approx. 27,492 properties sold in last 7 years comes to about £173,266 per sale.

 
 

Properties For Sale in Newcastle upon Tyne

 
 

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 1 bedroom is around £137,938, £129,535 for a 2 bedroom house, £168,545 for a 3 bedroom house, £342,741 for a 4 bedroom house and £549,669 for a 5 bedroom house. For a flat similarly the prices varies from £99,508 for a single bedroom to £127,923 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £139,997, £178,229 for a 4 bedroom flat and £159,484 for a 5 bedroom flat. To sum up the asking prices for properties in Newcastle upon Tyne it comes to around average £103,760 for 1 bedroom property, £128,518 for 2 bedroom, £164,502 for 3 bedroom, £336,527 for 4 bedroom and £495,521 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 £507 for 1 bedroom to £577 for 2 bedrooms, £742 for 3 bedrooms, £999 for 4 bedrooms and £1,332 for 5 bedrooms house. But if you are interested in renting a 1 bedroom flat then rent per month can be around £580. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £721, £809 for 3 bedroom, £948 for 4 bedroom and around £1,263 for 5 bedroom flat. You should be generally be expecting around average £552 rent per month for single bedroom property, £701 for 2 bedroom, £790 for 3 bedroom, £980 for 4 bedroom and approximately £1,297 for a 5 bedroom property in Newcastle upon Tyne area.

Popular Houses in Newcastle upon Tyne

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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