Average Price for property in Farnon Road, Gosforth, Newcastle upon Tyne, NE3 is around £133,591 e.g. average price for semi-detached is around 133,591. Values have been changing and have risen £112 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £86 in last 6 months, £8,519 in last 1 year, £10,386 in last 2 years, £16,520 in last 3 years, £11,088 in last 4 years and £9,677 in last 5 years.
Currently average asking price of a property in Farnon Road, Gosforth, Newcastle upon Tyne, NE3 is around £229,283 based on approximately 2 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 Farnon Road, Gosforth, Newcastle upon Tyne, NE3 is £133,591. Average asking price is £229,283 while average price paid is £111,250 which is up by £8,519 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 Farnon Road, Gosforth, Newcastle upon Tyne, NE3 area. In last 1 year alone average price buyer paid is around £111,250 based on approximately 2 sales in Farnon Road, Gosforth, Newcastle upon Tyne, NE3 area alone. If you compare it to last 3 years sales of 3 properties where buyers paid around £115,816. 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 £115,816 for 3 and average amount paid for purchase of approx. 3 properties sold in last 7 years comes to about £115,816 per sale.