Values have been changing and have risen £191 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £524 in last 6 months, £4,171 in last 1 year, £5,302 in last 2 years, £8,170 in last 3 years, £4,817 in last 4 years and £4,019 in last 5 years.
Currently average asking price of a property in Garesfield Gardens, Burnopfield, Newcastle upon Tyne, NE16 is around £201,650 based on approximately 1 properties for sale. Same is the case with rental options based on 37 properties up for rent, average asking rent is around £554 per month.
Estimated property value in Garesfield Gardens, Burnopfield, Newcastle upon Tyne, NE16 is £79,527. Average asking price is £201,650 while average price paid is £62,500 which is up by £4,171 and Avg. asking rent £554.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 Garesfield Gardens, Burnopfield, Newcastle upon Tyne, NE16 area. In last 1 year alone average price buyer paid is around £62,500 based on approximately 1 sales in Garesfield Gardens, Burnopfield, Newcastle upon Tyne, NE16 area alone. If you compare it to last 3 years sales of 4 properties where buyers paid around £59,500. 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 £59,375 for 8 and average amount paid for purchase of approx. 10 properties sold in last 7 years comes to about £65,150 per sale.