Mayfield Road, Gosforth, Newcastle upon Tyne, NE3

Street Guide For Mayfield Road, Gosforth, Newcastle upon Tyne, NE3

 
 

Mayfield Road, Gosforth, Newcastle upon Tyne, NE3 Map

Estimated Price: £346,745
Average Asking Price: £229,283
Price change in last one year: £21,951
Average Price Paid: £297,562
Average Rent Rates: £1,031

Hybrid Estate Agents (Newcastle)
Newcastle, NE15, NE5, NE20, NE9

Free House valuation

 

Property Prices Breakdown in Mayfield Road, Gosforth, Newcastle upon Tyne, NE3

Average Price for property in Mayfield Road, Gosforth, Newcastle upon Tyne, NE3 is around £346,745 which varies based on type of property you are interested in and ranges from £435,640 for semi-detached to around £342,880 for terraced house. Values have been changing and have risen £289 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £220 in last 6 months, £21,951 in last 1 year, £26,752 in last 2 years, £42,552 in last 3 years, £28,543 in last 4 years and £24,897 in last 5 years.

Currently average asking price of a property in Mayfield Road, Gosforth, Newcastle upon Tyne, NE3 is around £229,283 based on approximately 0 properties for sale. Same is the case with rental options based on 324 properties up for rent, average asking rent is around £1,031 per month.

Estimated property value in Mayfield Road, Gosforth, Newcastle upon Tyne, NE3 is £346,745. Average asking price is £229,283 while average price paid is £314,100 which is up by £42,552 and Avg. asking rent £1,031.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 Mayfield Road, Gosforth, Newcastle upon Tyne, NE3 area. In last 3 years alone average price buyer paid is around £314,100 based on approximately 5 sales in Mayfield Road, Gosforth, Newcastle upon Tyne, NE3 area alone. If you compare it to last 5 years sales of 8 properties where buyers paid around £297,562. It has been same for some time now for e.g. if you take an average of amount paid in last 7 years, it comes to around £291,181 for 11 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 £85,725, £155,827 for a 2 bedroom house, £189,034 for a 3 bedroom house, £318,469 for a 4 bedroom house and £490,445 for a 5 bedroom house. For a flat similarly the prices varies from £113,060 for a single bedroom to £129,660 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £149,935, £170,000 for a 4 bedroom flat and £163,750 for a 5 bedroom flat. To sum up the asking prices for properties in Mayfield Road, Gosforth, Newcastle upon Tyne, NE3 it comes to around average £109,965 for 1 bedroom property, £138,508 for 2 bedroom, £185,184 for 3 bedroom, £311,617 for 4 bedroom and £449,608 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 £421 for 1 bedroom to £639 for 2 bedrooms, £784 for 3 bedrooms, £1,004 for 4 bedrooms and £1,678 for 5 bedrooms house. But if you are interested in renting a 1 bedroom flat then rent per month can be around £601. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £616, £657 for 3 bedroom, £959 for 4 bedroom and around £1,351 for 5 bedroom flat. You should be generally be expecting around average £551 rent per month for single bedroom property, £621 for 2 bedroom, £726 for 3 bedroom, £979 for 4 bedroom and approximately £1,643 for a 5 bedroom property in Mayfield Road, Gosforth, Newcastle upon Tyne, NE3 area.

Popular Houses in Mayfield Road, Gosforth, Newcastle upon Tyne, NE3

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 Mayfield Road, Gosforth, Newcastle upon Tyne, NE3