Garthfield Corner, Westerhope, Newcastle upon Tyne, NE5

Street Guide For Garthfield Corner, Westerhope, Newcastle upon Tyne, NE5

 
 

Garthfield Corner, Westerhope, Newcastle upon Tyne, NE5 Map

Estimated Price: £137,948
Average Asking Price: £129,371
Price change in last one year: £8,155
Average Price Paid: £112,125
Average Rent Rates: £1,398

Hybrid Estate Agents (Newcastle)
Newcastle, NE15, NE5, NE20, NE9

Free House valuation

 

Property Prices Breakdown in Garthfield Corner, Westerhope, Newcastle upon Tyne, NE5

Average Price for property in Garthfield Corner, Westerhope, Newcastle upon Tyne, NE5 is around £137,948 which varies based on type of property you are interested in and ranges from £141,100 for semi-detached to around £122,181 for terraced house. Values have been changing and have risen £356 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £1,588 in last 6 months, £8,155 in last 1 year, £9,251 in last 2 years, £13,873 in last 3 years, £8,270 in last 4 years and £7,556 in last 5 years.

Currently average asking price of a property in Garthfield Corner, Westerhope, Newcastle upon Tyne, NE5 is around £129,371 based on approximately 1 properties for sale. Same is the case with rental options based on 76 properties up for rent, average asking rent is around £1,398 per month.

Estimated property value in Garthfield Corner, Westerhope, Newcastle upon Tyne, NE5 is £137,948. Average asking price is £129,371 while average price paid is £150,000 which is up by £8,155 and Avg. asking rent £1,398.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 Garthfield Corner, Westerhope, Newcastle upon Tyne, NE5 area. In last 1 year alone average price buyer paid is around £150,000 based on approximately 1 sales in Garthfield Corner, Westerhope, Newcastle upon Tyne, NE5 area alone. If you compare it to last 3 years sales of 3 properties where buyers paid around £108,666. 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 £112,125 for 4 and average amount paid for purchase of approx. 7 properties sold in last 7 years comes to about £120,500 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 £79,950, £133,838 for a 2 bedroom house, £130,790 for a 3 bedroom house, £198,830 for a 4 bedroom house and £328,317 for a 5 bedroom house. For a flat similarly the prices varies from £59,962 for a single bedroom to £79,284 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £61,650. To sum up the asking prices for properties in Garthfield Corner, Westerhope, Newcastle upon Tyne, NE5 it comes to around average £63,960 for 1 bedroom property, £110,233 for 2 bedroom, £129,494 for 3 bedroom, £198,830 for 4 bedroom and £328,317 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 £351 for 1 bedroom to £544 for 2 bedroom, £619 for 3 bedroom and £599 for 4 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £399. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £2,268 and £557 for 3 bedroom. You should be generally be expecting around average £383 rent per month for single bedroom property, £2,053 for 2 bedroom, £607 for 3 bedroom and approximately £599 for 4 bedroom property in Garthfield Corner, Westerhope, Newcastle upon Tyne, NE5 area.

Popular Houses in Garthfield Corner, Westerhope, Newcastle upon Tyne, NE5

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 Garthfield Corner, Westerhope, Newcastle upon Tyne, NE5