Average Price for property in Medburn Road, Lemington, Newcastle upon Tyne, NE15 is around £110,724 e.g. average price for semi-detached is around 110,724. Values have been changing and have risen £362 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £1,158 in last 6 months, £6,869 in last 1 year, £7,411 in last 2 years, £11,020 in last 3 years, £6,015 in last 4 years and £4,060 in last 5 years.
Currently average asking price of a property in Medburn Road, Lemington, Newcastle upon Tyne, NE15 is around £201,251 based on approximately 2 properties for sale. Same is the case with rental options based on 94 properties up for rent, average asking rent is around £751 per month.
Estimated property value in Medburn Road, Lemington, Newcastle upon Tyne, NE15 is £110,724. Average asking price is £201,251 while average price paid is £81,500 which is up by £6,869 and Avg. asking rent £751.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 Medburn Road, Lemington, Newcastle upon Tyne, NE15 area. In last 1 year alone average price buyer paid is around £81,500 based on approximately 2 sales in Medburn Road, Lemington, Newcastle upon Tyne, NE15 area alone. If you compare it to last 3 years sales of 2 properties where buyers paid around £81,500. 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 £81,000 for 3 and average amount paid for purchase of approx. 5 properties sold in last 7 years comes to about £97,200 per sale.