Values have been changing and have risen £559 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £1,809 in last 6 months, £8,540 in last 1 year, £5,826 in last 2 years, £18,476 in last 3 years, £10,282 in last 4 years and £9,486 in last 5 years.
Currently average asking price of a property in Fall Pass, Gateshead, NE8 is around £124,233 based on approximately 2 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 Fall Pass, Gateshead, NE8 is £164,953. Average asking price is £124,233 while average price paid is £112,225 which is up by £8,540 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 Fall Pass, Gateshead, NE8 area. In last 1 year alone average price buyer paid is around £112,225 based on approximately 2 sales in Fall Pass, Gateshead, NE8 area alone. If you compare it to last 3 years sales of 10 properties where buyers paid around £124,095. 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 £126,559 for 16 and average amount paid for purchase of approx. 19 properties sold in last 7 years comes to about £127,891 per sale.