Longrigg, Gateshead, NE10

Street Guide For Longrigg, Gateshead, NE10

 

Longrigg, Gateshead, NE10 Map

Estimated Price: £96,782
Average Asking Price: £108,849
Price change in last one year: £4,196
Average Price Paid: £95,857
Average Rent Rates: £639

 

Property Prices Breakdown in Longrigg, Gateshead, NE10

Average Price for property in Longrigg, Gateshead, NE10 is around £96,782 which varies based on type of property you are interested in and ranges from £97,781 for semi-detached to around £72,822 for terraced house. Values have been changing and have risen £720 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £2,212 in last 6 months, £4,196 in last 1 year, £6,705 in last 2 years, £11,112 in last 3 years, £4,990 in last 4 years and £5,585 in last 5 years.

Currently average asking price of a property in Longrigg, Gateshead, NE10 is around £108,849 based on approximately 3 properties for sale. Same is the case with rental options based on 73 properties up for rent, average asking rent is around £639 per month.

Estimated property value in Longrigg, Gateshead, NE10 is £96,782. Average asking price is £108,849 while average price paid is £97,666 which is up by £4,196 and Avg. asking rent £639.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 Longrigg, Gateshead, NE10 area. In last 1 year alone average price buyer paid is around £97,666 based on approximately 3 sales in Longrigg, Gateshead, NE10 area alone. If you compare it to last 3 years sales of 6 properties where buyers paid around £96,833. 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 £95,857 for 7 and average amount paid for purchase of approx. 13 properties sold in last 7 years comes to about £92,192 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 £83,983, £99,888 for a 2 bedroom house, £133,467 for a 3 bedroom house, £185,354 for a 4 bedroom house and £168,000 for a 5 bedroom house. For a flat similarly the prices varies from £53,885 for a single bedroom to £79,480 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £82,572, £89,950 for a 4 bedroom flat and £94,475 for a 5 bedroom flat. To sum up the asking prices for properties in Longrigg, Gateshead, NE10 it comes to around average £60,831 for 1 bedroom property, £88,802 for 2 bedroom, £126,079 for 3 bedroom, £178,015 for 4 bedroom and £143,492 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 £328 for 1 bedroom to £546 for 2 bedroom, £585 for 3 bedroom and £849 for 4 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £358. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £486, £451 for 3 bedroom and £676 for 5 bedroom. You should be generally be expecting around average £350 rent per month for single bedroom property, £504 for 2 bedroom, £536 for 3 bedroom, £849 for 4 bedroom and approximately £676 for a 5 bedroom property in Longrigg, Gateshead, NE10 area.

Popular Houses in Longrigg, Gateshead, NE10

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 Longrigg, Gateshead, NE10