Falcon Terrace, Wylam, NE41

Street Guide For Falcon Terrace, Wylam, NE41

 

Falcon Terrace, Wylam, NE41 Map

Estimated Price: £370,121
Average Asking Price: £340,960
Price change in last one year: £22,623
Average Price Paid: £304,421
Average Rent Rates: £481

 

Property Prices Breakdown in Falcon Terrace, Wylam, NE41

Average Price for property in Falcon Terrace, Wylam, NE41 is around £370,121 which varies based on type of property you are interested in and ranges from £429,293 for detached house to around £439,092 for semi-detached. Similarly terraced house is around £366,834. Values have been changing and have risen £562 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £2,542 in last 6 months, £22,623 in last 1 year, £29,062 in last 2 years, £41,408 in last 3 years, £24,613 in last 4 years and £20,959 in last 5 years.

Currently average asking price of a property in Falcon Terrace, Wylam, NE41 is around £340,960 based on approximately 0 properties for sale. Same is the case with rental options based on 10 properties up for rent, average asking rent is around £481 per month.

Estimated property value in Falcon Terrace, Wylam, NE41 is £370,121. Average asking price is £340,960 while average price paid is £291,000 which is up by £41,408 and Avg. asking rent £481.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 Falcon Terrace, Wylam, NE41 area. In last 3 years alone average price buyer paid is around £291,000 based on approximately 6 sales in Falcon Terrace, Wylam, NE41 area alone. If you compare it to last 5 years sales of 7 properties where buyers paid around £304,421. It has been same for some time now for e.g. if you take an average of amount paid in last 7 years, it comes to around £304,421 for 7 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 3 bedroom is around £220,990, £324,990 for a 4 bedroom house and £600,000 for a 5 bedroom house. For a flat the prices of 2 bedroom is £196,500. To sum up the asking prices for properties in Falcon Terrace, Wylam, NE41 it comes to around average £196,500 for 2 bedroom property, £220,990 for 3 bedroom, £324,990 for 4 bedroom and £600,000 for 5 bedroom.

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 £650 for 2 bedroom to £802 for 3 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £394. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £598. You should be generally be expecting around average £394 rent per month for single bedroom property, £624 for 2 bedroom and approximately £802 for 3 bedroom property in Falcon Terrace, Wylam, NE41 area.

Popular Houses in Falcon Terrace, Wylam, NE41

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 Falcon Terrace, Wylam, NE41