Merlay Drive, Dinnington, Newcastle upon Tyne, NE13

Street Guide For Merlay Drive, Dinnington, Newcastle upon Tyne, NE13

 

Merlay Drive, Dinnington, Newcastle upon Tyne, NE13 Map

Estimated Price: £219,708
Average Asking Price: £243,726
Price change in last one year: £12,500
Average Price Paid: £170,000
Average Rent Rates: £666

 

Property Prices Breakdown in Merlay Drive, Dinnington, Newcastle upon Tyne, NE13

Average Price for property in Merlay Drive, Dinnington, Newcastle upon Tyne, NE13 is around £219,708 which varies based on type of property you are interested in and ranges from £272,212 for detached house to around £201,999 for semi-detached. Similarly terraced house is around £185,539. Values have been changing and have risen £1,286 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £4,157 in last 6 months, £12,500 in last 1 year, £17,872 in last 2 years, £23,574 in last 3 years, £12,229 in last 4 years and £12,450 in last 5 years.

Currently average asking price of a property in Merlay Drive, Dinnington, Newcastle upon Tyne, NE13 is around £243,726 based on approximately 0 properties for sale. Same is the case with rental options based on 24 properties up for rent, average asking rent is around £666 per month.

Estimated property value in Merlay Drive, Dinnington, Newcastle upon Tyne, NE13 is £219,708. Average asking price is £243,726 while average price paid is £170,000 which is up by £12,450 and Avg. asking rent £666.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 Merlay Drive, Dinnington, Newcastle upon Tyne, NE13 area. In last 5 years alone average price buyer paid is around £170,000 based on approximately 1 sales in Merlay Drive, Dinnington, Newcastle upon Tyne, NE13 area alone. If you compare it to last 7 years sales of 1 properties where buyers paid around £170,000.

 
 

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 £149,095, £198,449 for a 3 bedroom house, £304,065 for a 4 bedroom house and £362,159 for a 5 bedroom house. For a flat similarly the prices varies from £127,475 for a single bedroom to £106,387 for a 2 bedroom Flat. To sum up the asking prices for properties in Merlay Drive, Dinnington, Newcastle upon Tyne, NE13 it comes to around average £127,475 for 1 bedroom property, £133,490 for 2 bedroom, £198,449 for 3 bedroom, £304,065 for 4 bedroom and £362,159 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 £650 for 2 bedroom to £745 for 3 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £388. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £492 and £550 for 3 bedroom. You should be generally be expecting around average £388 rent per month for single bedroom property, £507 for 2 bedroom and approximately £717 for 3 bedroom property in Merlay Drive, Dinnington, Newcastle upon Tyne, NE13 area.

Popular Houses in Merlay Drive, Dinnington, Newcastle upon Tyne, NE13

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 Merlay Drive, Dinnington, Newcastle upon Tyne, NE13