Hillhead Parkway, Chapel Park, Newcastle upon Tyne, NE5

Street Guide For Hillhead Parkway, Chapel Park, Newcastle upon Tyne, NE5

 
 

Hillhead Parkway, Chapel Park, Newcastle upon Tyne, NE5 Map

Estimated Price: £157,786
Average Asking Price: £129,347
Price change in last one year: £9,620
Average Price Paid: £136,679
Average Rent Rates: £1,411

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

Free House valuation

 

Property Prices Breakdown in Hillhead Parkway, Chapel Park, Newcastle upon Tyne, NE5

Average Price for property in Hillhead Parkway, Chapel Park, Newcastle upon Tyne, NE5 is around £157,786 which varies based on type of property you are interested in and ranges from £185,184 for detached house to around £184,131 for semi-detached. Similarly terraced house is around £141,421 and a flat is worth £125,543. Values have been changing and have risen £422 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £1,875 in last 6 months, £9,620 in last 1 year, £10,910 in last 2 years, £16,361 in last 3 years, £9,749 in last 4 years and £8,904 in last 5 years.

Currently average asking price of a property in Hillhead Parkway, Chapel Park, Newcastle upon Tyne, NE5 is around £129,347 based on approximately 3 properties for sale. Same is the case with rental options based on 75 properties up for rent, average asking rent is around £1,411 per month.

Estimated property value in Hillhead Parkway, Chapel Park, Newcastle upon Tyne, NE5 is £157,786. Average asking price is £129,347 while average price paid is £185,833 which is up by £9,620 and Avg. asking rent £1,411.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 Hillhead Parkway, Chapel Park, Newcastle upon Tyne, NE5 area. In last 1 year alone average price buyer paid is around £185,833 based on approximately 3 sales in Hillhead Parkway, Chapel Park, Newcastle upon Tyne, NE5 area alone. If you compare it to last 3 years sales of 13 properties where buyers paid around £141,534. 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 £136,679 for 22 and average amount paid for purchase of approx. 24 properties sold in last 7 years comes to about £135,495 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, £133,273 for a 2 bedroom house, £130,095 for a 3 bedroom house, £201,740 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 Hillhead Parkway, Chapel Park, Newcastle upon Tyne, NE5 it comes to around average £63,960 for 1 bedroom property, £110,135 for 2 bedroom, £128,820 for 3 bedroom, £201,740 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 £397. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £2,267 and £557 for 3 bedroom. You should be generally be expecting around average £386 rent per month for single bedroom property, £2,052 for 2 bedroom, £607 for 3 bedroom and approximately £599 for 4 bedroom property in Hillhead Parkway, Chapel Park, Newcastle upon Tyne, NE5 area.

Popular Houses in Hillhead Parkway, Chapel Park, 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 Hillhead Parkway, Chapel Park, Newcastle upon Tyne, NE5