Gainsborough Drive, Newark, NG24

Street Guide For Gainsborough Drive, Newark, NG24

 

Gainsborough Drive, Newark, NG24 Map

Estimated Price: £120,503
Average Asking Price: £1,410,846
Price change in last one year: £7,628
Average Price Paid: £110,285
Average Rent Rates: £39,905

 

Property Prices Breakdown in Gainsborough Drive, Newark, NG24

Average Price for property in Gainsborough Drive, Newark, NG24 is around £120,503 which varies based on type of property you are interested in and ranges from £185,913 for detached house to around £119,340 for semi-detached. Similarly terraced house is around £79,495. Values have been changing and have risen £444 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £1,553 in last 6 months, £7,628 in last 1 year, £11,708 in last 2 years, £14,350 in last 3 years, £13,249 in last 4 years and £12,317 in last 5 years.

Currently average asking price of a property in Gainsborough Drive, Newark, NG24 is around £1,410,846 based on approximately 3 properties for sale. Same is the case with rental options based on 68 properties up for rent, average asking rent is around £39,905 per month.

Estimated property value in Gainsborough Drive, Newark, NG24 is £120,503. Average asking price is £1,410,846 while average price paid is £115,333 which is up by £7,628 and Avg. asking rent £39,905.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 Gainsborough Drive, Newark, NG24 area. In last 1 year alone average price buyer paid is around £115,333 based on approximately 3 sales in Gainsborough Drive, Newark, NG24 area alone. If you compare it to last 3 years sales of 5 properties where buyers paid around £109,600. 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 £110,285 for 7 and average amount paid for purchase of approx. 8 properties sold in last 7 years comes to about £107,750 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 £116,450, £129,946 for a 2 bedroom house, £165,849 for a 3 bedroom house, £253,295 for a 4 bedroom house and £320,271 for a 5 bedroom house. For a flat similarly the prices varies from £113,033 for a single bedroom to £100,050 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £145,000 and £395,000 for a 4 bedroom flat. To sum up the asking prices for properties in Gainsborough Drive, Newark, NG24 it comes to around average £113,435 for 1 bedroom property, £118,873 for 2 bedroom, £165,617 for 3 bedroom, £256,187 for 4 bedroom and £320,271 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 £394 for 1 bedroom to £498 for 2 bedrooms, £584 for 3 bedrooms, £758 for 4 bedrooms and £1,274 for 5 bedrooms house. But if you are interested in renting a 1 bedroom flat then rent per month can be around £509. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £512 and £693 for 3 bedroom. You should be generally be expecting around average £493 rent per month for single bedroom property, £505 for 2 bedroom, £602 for 3 bedroom, £758 for 4 bedroom and approximately £1,274 for a 5 bedroom property in Gainsborough Drive, Newark, NG24 area.

Popular Houses in Gainsborough Drive, Newark, NG24

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 Gainsborough Drive, Newark, NG24