Fern Gardens, Low Fell, Gateshead, NE9

Street Guide For Fern Gardens, Low Fell, Gateshead, NE9

 

Fern Gardens, Low Fell, Gateshead, NE9 Map

Estimated Price: £245,735
Average Asking Price: £152,545
Price change in last one year: £16,876
Average Price Paid: £247,000
Average Rent Rates: £557

 

Property Prices Breakdown in Fern Gardens, Low Fell, Gateshead, NE9

Average Price for property in Fern Gardens, Low Fell, Gateshead, NE9 is around £245,735 which varies based on type of property you are interested in and ranges from £243,687 for detached house to around £238,858 for semi-detached. Similarly terraced house is around £245,920. Values have been changing and have risen £295 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £586 in last 6 months, £16,876 in last 1 year, £21,921 in last 2 years, £29,548 in last 3 years, £19,705 in last 4 years and £18,702 in last 5 years.

Currently average asking price of a property in Fern Gardens, Low Fell, Gateshead, NE9 is around £152,545 based on approximately 1 properties for sale. Same is the case with rental options based on 42 properties up for rent, average asking rent is around £557 per month.

Estimated property value in Fern Gardens, Low Fell, Gateshead, NE9 is £245,735. Average asking price is £152,545 while average price paid is £242,500 which is up by £16,876 and Avg. asking rent £557.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 Fern Gardens, Low Fell, Gateshead, NE9 area. In last 1 year alone average price buyer paid is around £242,500 based on approximately 1 sales in Fern Gardens, Low Fell, Gateshead, NE9 area alone. If you compare it to last 3 years sales of 2 properties where buyers paid around £217,000. 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 £247,000 for 4 and average amount paid for purchase of approx. 7 properties sold in last 7 years comes to about £236,214 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 2 bedroom is around £129,666, £136,343 for a 3 bedroom house, £293,533 for a 4 bedroom house and £426,633 for a 5 bedroom house. For a flat similarly the prices varies from £68,539 for a single bedroom to £101,831 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £116,225 and £140,000 for a 5 bedroom flat. To sum up the asking prices for properties in Fern Gardens, Low Fell, Gateshead, NE9 it comes to around average £68,539 for 1 bedroom property, £114,130 for 2 bedroom, £134,044 for 3 bedroom, £293,533 for 4 bedroom and £354,975 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 £182 for 1 bedroom to £575 for 2 bedroom and £681 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 £524 and £563 for 3 bedroom. You should be generally be expecting around average £288 rent per month for single bedroom property, £542 for 2 bedroom and approximately £634 for 3 bedroom property in Fern Gardens, Low Fell, Gateshead, NE9 area.

Popular Houses in Fern Gardens, Low Fell, Gateshead, NE9

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 Fern Gardens, Low Fell, Gateshead, NE9