Average Price for property in Ferndene Grove, Newcastle upon Tyne, NE7 is around £139,196 which varies based on type of property you are interested in and ranges from £298,323 for detached house to around £166,505 for semi-detached. Similarly flat is around £135,307. Values have been changing and have risen £17 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £156 in last 6 months, £9,658 in last 1 year, £11,056 in last 2 years, £14,787 in last 3 years, £9,968 in last 4 years and £8,980 in last 5 years.
Currently average asking price of a property in Ferndene Grove, Newcastle upon Tyne, NE7 is around £194,596 based on approximately 6 properties for sale. Same is the case with rental options based on 85 properties up for rent, average asking rent is around £799 per month.
Estimated property value in Ferndene Grove, Newcastle upon Tyne, NE7 is £139,196. Average asking price is £194,596 while average price paid is £114,575 which is up by £9,658 and Avg. asking rent £799.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 Ferndene Grove, Newcastle upon Tyne, NE7 area. In last 1 year alone average price buyer paid is around £114,575 based on approximately 6 sales in Ferndene Grove, Newcastle upon Tyne, NE7 area alone. If you compare it to last 3 years sales of 15 properties where buyers paid around £119,656. 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 £125,547 for 18 and average amount paid for purchase of approx. 25 properties sold in last 7 years comes to about £121,914 per sale.