Lodore Road, Gosforth, Newcastle upon Tyne, NE2

Street Guide For Lodore Road, Gosforth, Newcastle upon Tyne, NE2

 

Lodore Road, Gosforth, Newcastle upon Tyne, NE2 Map

Estimated Price: £324,659
Average Asking Price: £273,264
Price change in last one year: £16,803
Average Price Paid: £364,062
Average Rent Rates: £1,022

 

Property Prices Breakdown in Lodore Road, Gosforth, Newcastle upon Tyne, NE2

Values have been changing and have risen £1,239 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £4,017 in last 6 months, £16,803 in last 1 year, £21,995 in last 2 years, £34,169 in last 3 years, £21,412 in last 4 years and £19,248 in last 5 years.

Currently average asking price of a property in Lodore Road, Gosforth, 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 Lodore Road, Gosforth, Newcastle upon Tyne, NE2 is £324,659. Average asking price is £273,264 while average price paid is £470,000 which is up by £16,803 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 Lodore Road, Gosforth, Newcastle upon Tyne, NE2 area. In last 1 year alone average price buyer paid is around £470,000 based on approximately 1 sales in Lodore Road, Gosforth, Newcastle upon Tyne, NE2 area alone. If you compare it to last 3 years sales of 3 properties where buyers paid around £363,333. 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 £364,062 for 8 and average amount paid for purchase of approx. 10 properties sold in last 7 years comes to about £367,250 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 £162,288 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £179,247, £225,800 for a 4 bedroom flat and £260,707 for a 5 bedroom flat. To sum up the asking prices for properties in Lodore Road, Gosforth, Newcastle upon Tyne, NE2 it comes to around average £118,768 for 1 bedroom property, £163,294 for 2 bedroom, £215,788 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 Lodore Road, Gosforth, Newcastle upon Tyne, NE2 area.

Popular Houses in Lodore Road, Gosforth, 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 Lodore Road, Gosforth, Newcastle upon Tyne, NE2