Loweswood Close, Jesmond, Newcastle upon Tyne, NE7

Street Guide For Loweswood Close, Jesmond, Newcastle upon Tyne, NE7

 

Loweswood Close, Jesmond, Newcastle upon Tyne, NE7 Map

Estimated Price: £330,119
Average Asking Price: £338,552
Price change in last one year: £23,337
Average Price Paid: £295,548
Average Rent Rates: £940

 

Property Prices Breakdown in Loweswood Close, Jesmond, Newcastle upon Tyne, NE7

Average Price for property in Loweswood Close, Jesmond, Newcastle upon Tyne, NE7 is around £330,119 Values have been changing and have risen £1,707 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £902 in last 6 months, £23,337 in last 1 year, £32,928 in last 2 years, £36,260 in last 3 years, £21,790 in last 4 years and £25,904 in last 5 years.

Currently average asking price of a property in Loweswood Close, Jesmond, Newcastle upon Tyne, NE7 is around £338,552 based on approximately 181 properties for sale. Same is the case with rental options based on 888 properties up for rent, average asking rent is around £940 per month.

Estimated property value in Loweswood Close, Jesmond, Newcastle upon Tyne, NE7 is £330,119. Average asking price is £338,552 while average price paid is £318,171 which is up by £23,337 and Avg. asking rent £940.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 Loweswood Close, Jesmond, Newcastle upon Tyne, NE7 area. In last 1 year alone average price buyer paid is around £318,171 based on approximately 181 sales in Loweswood Close, Jesmond, Newcastle upon Tyne, NE7 area alone. If you compare it to last 3 years sales of 486 properties where buyers paid around £293,748. 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 £295,548 for 788 and average amount paid for purchase of approx. 1,123 properties sold in last 7 years comes to about £292,904 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 £72,000, £195,000 for a 2 bedroom house, £440,378 for a 3 bedroom house, £585,492 for a 4 bedroom house and £625,954 for a 5 bedroom house. For a flat similarly the prices varies from £127,021 for a single bedroom to £181,455 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £180,412, £257,500 for a 4 bedroom flat and £280,000 for a 5 bedroom flat. To sum up the asking prices for properties in Loweswood Close, Jesmond, Newcastle upon Tyne, NE7 it comes to around average £123,964 for 1 bedroom property, £182,141 for 2 bedroom, £249,226 for 3 bedroom, £552,692 for 4 bedroom and £601,243 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 £401 for 1 bedroom to £596 for 2 bedrooms, £1,020 for 3 bedrooms, £1,223 for 4 bedrooms and £1,664 for 5 bedrooms house. But if you are interested in renting a 1 bedroom flat then rent per month can be around £546. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £680, £924 for 3 bedroom, £783 for 4 bedroom and around £1,146 for 5 bedroom flat. You should be generally be expecting around average £509 rent per month for single bedroom property, £676 for 2 bedroom, £931 for 3 bedroom, £970 for 4 bedroom and approximately £1,291 for a 5 bedroom property in Loweswood Close, Jesmond, Newcastle upon Tyne, NE7 area.

Popular Houses in Loweswood Close, Jesmond, Newcastle upon Tyne, NE7

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 Loweswood Close, Jesmond, Newcastle upon Tyne, NE7