Average Price for property in Festival Way, Gateshead, NE11 is around £154,484 which varies based on type of property you are interested in and ranges from £197,673 for detached house to around £150,164 for semi-detached. Values have been changing and have risen £731 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £2,204 in last 6 months, £7,982 in last 1 year, £10,634 in last 2 years, £15,762 in last 3 years, £8,250 in last 4 years and £9,037 in last 5 years.
Currently average asking price of a property in Festival Way, Gateshead, NE11 is around £137,729 based on approximately 1 properties for sale. Same is the case with rental options based on 105 properties up for rent, average asking rent is around £2,142 per month.
Estimated property value in Festival Way, Gateshead, NE11 is £154,484. Average asking price is £137,729 while average price paid is £105,000 which is up by £7,982 and Avg. asking rent £2,142.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 Festival Way, Gateshead, NE11 area. In last 1 year alone average price buyer paid is around £105,000 based on approximately 1 sales in Festival Way, Gateshead, NE11 area alone. If you compare it to last 3 years sales of 4 properties where buyers paid around £127,475. 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 £133,970 for 5 and average amount paid for purchase of approx. 8 properties sold in last 7 years comes to about £143,100 per sale.