Average Price for property in Fairspring, Newcastle upon Tyne, NE5 is around £91,090 which varies based on type of property you are interested in and ranges from £100,522 for semi-detached to around £89,911 for terraced house. Values have been changing and have risen £234 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £1,041 in last 6 months, £5,345 in last 1 year, £6,064 in last 2 years, £9,096 in last 3 years, £5,428 in last 4 years and £4,960 in last 5 years.
Currently average asking price of a property in Fairspring, Newcastle upon Tyne, NE5 is around £129,371 based on approximately 3 properties for sale. Same is the case with rental options based on 76 properties up for rent, average asking rent is around £1,398 per month.
Estimated property value in Fairspring, Newcastle upon Tyne, NE5 is £91,090. Average asking price is £129,371 while average price paid is £90,166 which is up by £5,345 and Avg. asking rent £1,398.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 Fairspring, Newcastle upon Tyne, NE5 area. In last 1 year alone average price buyer paid is around £90,166 based on approximately 3 sales in Fairspring, Newcastle upon Tyne, NE5 area alone. If you compare it to last 3 years sales of 6 properties where buyers paid around £80,333. 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 £80,333 for 6 and average amount paid for purchase of approx. 9 properties sold in last 7 years comes to about £80,444 per sale.