Values have been changing and have risen £1,242 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £4,027 in last 6 months, £16,842 in last 1 year, £22,045 in last 2 years, £34,249 in last 3 years, £21,462 in last 4 years and £19,293 in last 5 years.
Currently average asking price of a property in Honister Avenue, Gosforth, Newcastle upon Tyne, NE2 is around £273,264 based on approximately 2 properties for sale. Same is the case with rental options based on 1,536 properties up for rent, average asking rent is around £1,022 per month.
Estimated property value in Honister Avenue, Gosforth, Newcastle upon Tyne, NE2 is £332,208. Average asking price is £273,264 while average price paid is £307,500 which is up by £16,842 and Avg. asking rent £1,022.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 Honister Avenue, Gosforth, Newcastle upon Tyne, NE2 area. In last 1 year alone average price buyer paid is around £307,500 based on approximately 2 sales in Honister Avenue, Gosforth, Newcastle upon Tyne, NE2 area alone. If you compare it to last 3 years sales of 5 properties where buyers paid around £283,000. 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 £290,357 for 7 and average amount paid for purchase of approx. 9 properties sold in last 7 years comes to about £286,944 per sale.