Macadam Street, Bensham, Gateshead, NE8

Street Guide For Macadam Street, Bensham, Gateshead, NE8

 

Macadam Street, Bensham, Gateshead, NE8 Map

Estimated Price: £73,606
Average Asking Price: £124,528
Price change in last one year: £3,910
Average Price Paid: £79,116
Average Rent Rates: £605

 

Property Prices Breakdown in Macadam Street, Bensham, Gateshead, NE8

Average Price for property in Macadam Street, Bensham, Gateshead, NE8 is around £73,606 which varies based on type of property you are interested in and ranges from £94,264 for terraced house to around £64,217 for a flat. Values have been changing and have risen £254 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £824 in last 6 months, £3,910 in last 1 year, £2,670 in last 2 years, £8,458 in last 3 years, £4,714 in last 4 years and £4,354 in last 5 years.

Currently average asking price of a property in Macadam Street, Bensham, Gateshead, NE8 is around £124,528 based on approximately 2 properties for sale. Same is the case with rental options based on 259 properties up for rent, average asking rent is around £605 per month.

Estimated property value in Macadam Street, Bensham, Gateshead, NE8 is £73,606. Average asking price is £124,528 while average price paid is £92,625 which is up by £3,910 and Avg. asking rent £605.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 Macadam Street, Bensham, Gateshead, NE8 area. In last 1 year alone average price buyer paid is around £92,625 based on approximately 2 sales in Macadam Street, Bensham, Gateshead, NE8 area alone. If you compare it to last 3 years sales of 3 properties where buyers paid around £83,400. 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 £79,116 for 6 and average amount paid for purchase of approx. 8 properties sold in last 7 years comes to about £79,212 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 2 bedroom is around £103,310, £177,946 for a 3 bedroom house, £166,768 for a 4 bedroom house and £152,475 for a 5 bedroom house. For a flat similarly the prices varies from £92,446 for a single bedroom to £104,591 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £146,626 and £99,975 for a 4 bedroom flat. To sum up the asking prices for properties in Macadam Street, Bensham, Gateshead, NE8 it comes to around average £92,446 for 1 bedroom property, £104,397 for 2 bedroom, £163,156 for 3 bedroom, £158,418 for 4 bedroom and £152,475 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 £442 for 1 bedroom to £582 for 2 bedroom, £668 for 3 bedroom and £970 for 4 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £567. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £572, £656 for 3 bedroom and £637 for 4 bedroom. You should be generally be expecting around average £533 rent per month for single bedroom property, £573 for 2 bedroom, £660 for 3 bedroom and approximately £839 for 4 bedroom property in Macadam Street, Bensham, Gateshead, NE8 area.

Popular Houses in Macadam Street, Bensham, Gateshead, NE8

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 Macadam Street, Bensham, Gateshead, NE8