Rowlands Gill

Area Guide For Rowlands Gill

Rowlands Gill is a town arranged along the A694, between Winlaton Mill and Hamsterley Mill, on the north bank of the River Derwent, Tyne and Wear, England. With the happening to the Derwent Valley Railway in 1867, Rowlands Gill turned into a financially suitable coal mining town, and later a semi-provincial quarter’s suburb of business & modern Tyneside. An autonomous town inside Blaydon Urban District Council, in County Durham, it got to be consolidated into Tyne and Wear in 1974 and afterward the Metropolitan Borough of Gateshead in 1986. Because of a sizeable extension in both topography and populace numbers, Rowlands Gill has not been esteemed a town for a few years.

 
 

Rowlands Gill Map

Estimated Price: £201,132
Average Asking Price: £172,422
Price change in last one year: £15,582
Average Price Paid: £166,187
Average Rent Rates: £654

 
 

Property Prices Breakdown in Rowlands Gill

Average Price for property in Rowlands Gill is around £201,132 which varies based on type of property you are interested in and ranges from £324,504 for detached house to around £163,860 for semi-detached. Similarly terraced house is around £109,022 and a flat is worth £187,215. Values have been changing and have risen £570 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £934 in last 6 months, £15,582 in last 1 year, £22,566 in last 2 years, £26,060 in last 3 years, £19,009 in last 4 years and £17,111 in last 5 years.

Currently average asking price of a property in Rowlands Gill is around £172,422 based on approximately 83 properties for sale. Same is the case with rental options based on 23 properties up for rent, average asking rent is around £654 per month.

Estimated property value in Rowlands Gill is £201,132. Average asking price is £172,422 while average price paid is £170,158 which is up by £15,582 and Avg. asking rent £654.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 Rowlands Gill area. In last 1 year alone average price buyer paid is around £170,158 based on approximately 83 sales in Rowlands Gill area alone. If you compare it to last 3 years sales of 304 properties where buyers paid around £167,760. 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 £166,187 for 484 and average amount paid for purchase of approx. 637 properties sold in last 7 years comes to about £165,836 per sale.

 
 

Properties For Sale in Rowlands Gill

 
 

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 £60,000, £96,718 for a 2 bedroom house, £168,481 for a 3 bedroom house, £261,856 for a 4 bedroom house and £447,475 for a 5 bedroom house. For a flat the prices of 2 bedroom is £70,000. To sum up the asking prices for properties in Rowlands Gill it comes to around average £60,000 for 1 bedroom property, £95,233 for 2 bedroom, £168,481 for 3 bedroom, £261,856 for 4 bedroom and £447,475 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 £508 for 2 bedroom to £577 for 3 bedroom and £1,069 for 4 bedroom. But if you are interested in renting a 2 bedroom flat then rent per month can be around £594. You should be generally be expecting around average £525 rent per month for 2 bedroom property, £577 for 3 bedroom and approximately £1,069 for 4 bedroom property in Rowlands Gill area.

Popular Houses in Rowlands Gill

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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