Chester Place, Gateshead, NE8

Street Guide For Chester Place, Gateshead, NE8

 

Chester Place, Gateshead, NE8 Map

Estimated Price: £99,265
Average Asking Price: £124,233
Price change in last one year: £5,385
Average Price Paid: £89,000
Average Rent Rates: £606

 

Property Prices Breakdown in Chester Place, Gateshead, NE8

Average Price for property in Chester Place, Gateshead, NE8 is around £99,265 which varies based on type of property you are interested in and ranges from £101,601 for terraced house to around £78,249 for a flat. Values have been changing and have risen £351 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £1,138 in last 6 months, £5,385 in last 1 year, £3,675 in last 2 years, £11,648 in last 3 years, £6,486 in last 4 years and £5,988 in last 5 years.

Currently average asking price of a property in Chester Place, Gateshead, NE8 is around £124,233 based on approximately 1 properties for sale. Same is the case with rental options based on 262 properties up for rent, average asking rent is around £606 per month.

Estimated property value in Chester Place, Gateshead, NE8 is £99,265. Average asking price is £124,233 while average price paid is £89,000 which is up by £5,385 and Avg. asking rent £606.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 Chester Place, Gateshead, NE8 area. In last 1 year alone average price buyer paid is around £89,000 based on approximately 1 sales in Chester Place, Gateshead, NE8 area alone. If you compare it to last 3 years sales of 1 properties where buyers paid around £89,000. 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 £89,000 for 1 and average amount paid for purchase of approx. 2 properties sold in last 7 years comes to about £89,500 per sale.

 
 

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 £103,310, £177,946 for a 3 bedroom house, £166,768 for a 4 bedroom house and £152,475 for a 5 bedroom house. For a flat similarly the prices varies from £92,446 for a single bedroom to £104,591 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £146,626 and £99,975 for a 4 bedroom flat. To sum up the asking prices for properties in Chester Place, Gateshead, NE8 it comes to around average £92,446 for 1 bedroom property, £104,397 for 2 bedroom, £163,156 for 3 bedroom, £158,418 for 4 bedroom and £152,475 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 £442 for 1 bedroom to £582 for 2 bedroom, £668 for 3 bedroom and £970 for 4 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £570. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £570, £658 for 3 bedroom and £637 for 4 bedroom. You should be generally be expecting around average £537 rent per month for single bedroom property, £571 for 2 bedroom, £662 for 3 bedroom and approximately £839 for 4 bedroom property in Chester Place, Gateshead, NE8 area.

Popular Houses in Chester Place, Gateshead, NE8

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.

Areas in and around Chester Place, Gateshead, NE8