Prudhoe

Area Guide For Prudhoe

Prudhoe is a medium sized town just south of the River Tyne, in the southern part of the county of Northumberland, England about 11 miles (18 km) west of the city of Newcastle upon Tyne. The town is sited on a steep, north-facing hill in the Tyne valley and nearby settlements include Ovingham, Ovington, Wylam, Stocksfield, Crawcrook, Hedley on the Hill and Mickley. Prudhoe has a population of over 11,500. Local government services for Prudhoe are provided by Northumberland County Council. The town is in the parliamentary constituency of Hexham. Prudhoe was once a coal mining town. The town has an industrial estate, which lies alongside the A695 road which now bypasses the town to the north. Prudhoe has two large factories: Thompsons of Prudhoe Ltd (a large demolition, earthworks, quarrying and waste management company) are based on the Prudhoe Industrial Estate. Prudhoe Castle is a Norman castle, which was for a long time involved in the border wars between England and Scotland. It was built by the de Umfraville family the Norman Sir Robert de Umfraville was granted the freedom of Redesdale by William the Conqueror. For much of its history the castle was owned by the

 
 

Prudhoe Map

Estimated Price: £183,782
Average Asking Price: £188,741
Price change in last one year: £13,922
Average Price Paid: £148,366
Average Rent Rates: £624

 
 

Property Prices Breakdown in Prudhoe

Average Price for property in Prudhoe is around £183,782 which varies based on type of property you are interested in and ranges from £262,975 for detached house to around £156,274 for semi-detached. Similarly terraced house is around £133,417 and a flat is worth £93,237. Values have been changing and have risen £3,230 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £8,581 in last 6 months, £13,922 in last 1 year, £26,713 in last 2 years, £26,423 in last 3 years, £14,202 in last 4 years and £15,580 in last 5 years.

Currently average asking price of a property in Prudhoe is around £188,741 based on approximately 135 properties for sale. Same is the case with rental options based on 37 properties up for rent, average asking rent is around £624 per month.

Estimated property value in Prudhoe is £183,782. Average asking price is £188,741 while average price paid is £162,364 which is up by £13,922 and Avg. asking rent £624.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 Prudhoe area. In last 1 year alone average price buyer paid is around £162,364 based on approximately 135 sales in Prudhoe area alone. If you compare it to last 3 years sales of 389 properties where buyers paid around £151,604. 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 £148,366 for 593 and average amount paid for purchase of approx. 835 properties sold in last 7 years comes to about £152,917 per sale.

 
 

Properties For Sale in Prudhoe

 
 

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 £25,000, £111,559 for a 2 bedroom house, £169,799 for a 3 bedroom house, £227,488 for a 4 bedroom house and £316,571 for a 5 bedroom house. For a flat similarly the prices varies from £75,000 for a single bedroom to £90,490 for a 2 bedroom Flat. To sum up the asking prices for properties in Prudhoe it comes to around average £41,667 for 1 bedroom property, £105,865 for 2 bedroom, £169,799 for 3 bedroom, £227,488 for 4 bedroom and £316,571 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 £492 for 2 bedroom to £569 for 3 bedroom and £650 for 4 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £377. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £446. You should be generally be expecting around average £377 rent per month for single bedroom property, £467 for 2 bedroom, £569 for 3 bedroom and approximately £650 for 4 bedroom property in Prudhoe area.

Popular Houses in Prudhoe

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.

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