Fenwick, Fenwick, Newcastle upon Tyne, NE18

Street Guide For Fenwick, Fenwick, Newcastle upon Tyne, NE18

 

Fenwick, Fenwick, Newcastle upon Tyne, NE18 Map

Estimated Price: £489,136
Average Asking Price: £427,424
Price change in last one year: £29,952
Average Price Paid: £535,000
Average Rent Rates: £696

 

Property Prices Breakdown in Fenwick, Fenwick, Newcastle upon Tyne, NE18

Average Price for property in Fenwick, Fenwick, Newcastle upon Tyne, NE18 is around £489,136 which varies based on type of property you are interested in and ranges from £498,711 for detached house to around £515,141 for semi-detached. Similarly terraced house is around £452,198. Values have been changing and have risen £1,038 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £4,138 in last 6 months, £29,952 in last 1 year, £37,847 in last 2 years, £54,839 in last 3 years, £30,899 in last 4 years and £26,914 in last 5 years.

Currently average asking price of a property in Fenwick, Fenwick, Newcastle upon Tyne, NE18 is around £427,424 based on approximately 1 properties for sale. Same is the case with rental options based on 7 properties up for rent, average asking rent is around £696 per month.

Estimated property value in Fenwick, Fenwick, Newcastle upon Tyne, NE18 is £489,136. Average asking price is £427,424 while average price paid is £595,000 which is up by £29,952 and Avg. asking rent £696.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 Fenwick, Fenwick, Newcastle upon Tyne, NE18 area. In last 1 year alone average price buyer paid is around £595,000 based on approximately 1 sales in Fenwick, Fenwick, Newcastle upon Tyne, NE18 area alone. If you compare it to last 3 years sales of 2 properties where buyers paid around £535,000. 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 £535,000 for 2 and average amount paid for purchase of approx. 4 properties sold in last 7 years comes to about £437,499 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 1 bedroom is around £279,500, £220,000 for a 2 bedroom house, £212,700 for a 3 bedroom house, £569,000 for a 4 bedroom house and £965,000 for a 5 bedroom house. For a flat the prices of 2 bedroom is £113,750. To sum up the asking prices for properties in Fenwick, Fenwick, Newcastle upon Tyne, NE18 it comes to around average £279,500 for 1 bedroom property, £166,875 for 2 bedroom, £212,700 for 3 bedroom, £569,000 for 4 bedroom and £965,000 for a 5 bedroom property.

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 £702 for 1 bedroom to £692 for 2 bedroom, £650 for 3 bedroom and £997 for 4 bedroom. But if you are interested in renting a 2 bedroom flat then rent per month can be around £451. You should be generally be expecting around average £702 rent per month for single bedroom property, £632 for 2 bedroom, £650 for 3 bedroom and approximately £997 for 4 bedroom property in Fenwick, Fenwick, Newcastle upon Tyne, NE18 area.

Popular Houses in Fenwick, Fenwick, Newcastle upon Tyne, NE18

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 Fenwick, Fenwick, Newcastle upon Tyne, NE18