Jesmond Vale, Newcastle upon Tyne, NE2

Street Guide For Jesmond Vale, Newcastle upon Tyne, NE2

 

Jesmond Vale, Newcastle upon Tyne, NE2 Map

Estimated Price: £212,520
Average Asking Price: £273,264
Price change in last one year: £11,023
Average Price Paid: £214,000
Average Rent Rates: £1,022

 

Property Prices Breakdown in Jesmond Vale, Newcastle upon Tyne, NE2

Average Price for property in Jesmond Vale, Newcastle upon Tyne, NE2 is around £212,520 e.g. average price for terraced house is around 212,520. Values have been changing and have risen £812 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £2,634 in last 6 months, £11,023 in last 1 year, £14,429 in last 2 years, £22,416 in last 3 years, £14,051 in last 4 years and £12,635 in last 5 years.

Currently average asking price of a property in Jesmond Vale, Newcastle upon Tyne, NE2 is around £273,264 based on approximately 1 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 Jesmond Vale, Newcastle upon Tyne, NE2 is £212,520. Average asking price is £273,264 while average price paid is £214,000 which is up by £11,023 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 Jesmond Vale, Newcastle upon Tyne, NE2 area. In last 1 year alone average price buyer paid is around £214,000 based on approximately 1 sales in Jesmond Vale, Newcastle upon Tyne, NE2 area alone. If you compare it to last 3 years sales of 1 properties where buyers paid around £214,000. 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 £214,000 for 1 and average amount paid for purchase of approx. 1 properties sold in last 7 years comes to about £214,000 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 £95,000, £176,580 for a 2 bedroom house, £340,027 for a 3 bedroom house, £495,954 for a 4 bedroom house and £534,294 for a 5 bedroom house. For a flat similarly the prices varies from £120,835 for a single bedroom to £162,647 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £178,588, £225,800 for a 4 bedroom flat and £260,707 for a 5 bedroom flat. To sum up the asking prices for properties in Jesmond Vale, Newcastle upon Tyne, NE2 it comes to around average £118,768 for 1 bedroom property, £163,628 for 2 bedroom, £214,731 for 3 bedroom, £450,928 for 4 bedroom and £457,690 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 £621 for 1 bedroom to £652 for 2 bedrooms, £919 for 3 bedrooms, £1,097 for 4 bedrooms and £1,391 for 5 bedrooms house. But if you are interested in renting a 1 bedroom flat then rent per month can be around £544. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £674, £907 for 3 bedroom, £965 for 4 bedroom and around £1,327 for 5 bedroom flat. You should be generally be expecting around average £592 rent per month for single bedroom property, £672 for 2 bedroom, £908 for 3 bedroom, £1,023 for 4 bedroom and approximately £1,346 for a 5 bedroom property in Jesmond Vale, Newcastle upon Tyne, NE2 area.

Popular Houses in Jesmond Vale, Newcastle upon Tyne, NE2

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 Jesmond Vale, Newcastle upon Tyne, NE2