Values have been changing and have risen £225 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £616 in last 6 months, £9,048 in last 1 year, £13,049 in last 2 years, £17,465 in last 3 years, £8,538 in last 4 years and £6,040 in last 5 years.
Currently average asking price of a property in Leazes Terrace, Newcastle upon Tyne, NE1 is around £193,393 based on approximately 2 properties for sale. Same is the case with rental options based on 523 properties up for rent, average asking rent is around £1,336 per month.
Estimated property value in Leazes Terrace, Newcastle upon Tyne, NE1 is £161,868. Average asking price is £193,393 while average price paid is £254,975 which is up by £9,048 and Avg. asking rent £1,336.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 Leazes Terrace, Newcastle upon Tyne, NE1 area. In last 1 year alone average price buyer paid is around £254,975 based on approximately 2 sales in Leazes Terrace, Newcastle upon Tyne, NE1 area alone. If you compare it to last 3 years sales of 2 properties where buyers paid around £254,975. 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 £209,487 for 4 and average amount paid for purchase of approx. 8 properties sold in last 7 years comes to about £202,712 per sale.