Average Price for property in Melville Grove, Newcastle upon Tyne, NE7 is around £265,510 which varies based on type of property you are interested in and ranges from £259,951 for semi-detached to around £275,698 for terraced house. Values have been changing and have risen £33 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £308 in last 6 months, £18,872 in last 1 year, £21,599 in last 2 years, £28,887 in last 3 years, £19,460 in last 4 years and £17,525 in last 5 years.
Currently average asking price of a property in Melville Grove, Newcastle upon Tyne, NE7 is around £194,596 based on approximately 1 properties for sale. Same is the case with rental options based on 85 properties up for rent, average asking rent is around £799 per month.
Estimated property value in Melville Grove, Newcastle upon Tyne, NE7 is £265,510. Average asking price is £194,596 while average price paid is £207,000 which is up by £18,872 and Avg. asking rent £799.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 Melville Grove, Newcastle upon Tyne, NE7 area. In last 1 year alone average price buyer paid is around £207,000 based on approximately 1 sales in Melville Grove, Newcastle upon Tyne, NE7 area alone. If you compare it to last 3 years sales of 5 properties where buyers paid around £220,800. 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 £217,357 for 7 and average amount paid for purchase of approx. 7 properties sold in last 7 years comes to about £217,357 per sale.