Average Price for property in Elmfield Road, Gosforth, Newcastle upon Tyne, NE3 is around £895,363 which varies based on type of property you are interested in and ranges from £1,096,350 for detached house to around £1,037,039 for semi-detached. Similarly terraced house is around £660,822 and a flat is worth £309,155. Values have been changing and have risen £704 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £531 in last 6 months, £53,764 in last 1 year, £65,521 in last 2 years, £104,221 in last 3 years, £69,889 in last 4 years and £60,946 in last 5 years.
Currently average asking price of a property in Elmfield Road, Gosforth, Newcastle upon Tyne, NE3 is around £229,283 based on approximately 4 properties for sale. Same is the case with rental options based on 324 properties up for rent, average asking rent is around £1,031 per month.
Estimated property value in Elmfield Road, Gosforth, Newcastle upon Tyne, NE3 is £895,363. Average asking price is £229,283 while average price paid is £991,750 which is up by £53,764 and Avg. asking rent £1,031.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 Elmfield Road, Gosforth, Newcastle upon Tyne, NE3 area. In last 1 year alone average price buyer paid is around £991,750 based on approximately 4 sales in Elmfield Road, Gosforth, Newcastle upon Tyne, NE3 area alone. If you compare it to last 3 years sales of 9 properties where buyers paid around £709,905. 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 £750,810 for 15 and average amount paid for purchase of approx. 22 properties sold in last 7 years comes to about £708,368 per sale.