Values have been changing and have risen £375 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £1,311 in last 6 months, £6,436 in last 1 year, £9,879 in last 2 years, £12,111 in last 3 years, £11,184 in last 4 years and £10,399 in last 5 years.
Currently average asking price of a property in Fairfax Avenue, Newark, NG24 is around £1,410,846 based on approximately 2 properties for sale. Same is the case with rental options based on 68 properties up for rent, average asking rent is around £39,905 per month.
Estimated property value in Fairfax Avenue, Newark, NG24 is £106,656. Average asking price is £1,410,846 while average price paid is £72,000 which is up by £6,436 and Avg. asking rent £39,905.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 Fairfax Avenue, Newark, NG24 area. In last 1 year alone average price buyer paid is around £72,000 based on approximately 2 sales in Fairfax Avenue, Newark, NG24 area alone. If you compare it to last 3 years sales of 6 properties where buyers paid around £77,000. 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 £77,000 for 6 and average amount paid for purchase of approx. 7 properties sold in last 7 years comes to about £81,714 per sale.