Average Price for property in Michaelgate, Newcastle upon Tyne, NE6 is around £59,739 e.g. average price for terraced house is around 59,739. Values have been changing and have risen £14 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £152 in last 6 months, £4,100 in last 1 year, £4,931 in last 2 years, £6,906 in last 3 years, £4,166 in last 4 years and £3,733 in last 5 years.
Currently average asking price of a property in Michaelgate, Newcastle upon Tyne, NE6 is around £117,816 based on approximately 1 properties for sale. Same is the case with rental options based on 1,199 properties up for rent, average asking rent is around £836 per month.
Estimated property value in Michaelgate, Newcastle upon Tyne, NE6 is £59,739. Average asking price is £117,816 while average price paid is £50,000 which is up by £4,100 and Avg. asking rent £836.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 Michaelgate, Newcastle upon Tyne, NE6 area. In last 1 year alone average price buyer paid is around £50,000 based on approximately 1 sales in Michaelgate, Newcastle upon Tyne, NE6 area alone. If you compare it to last 3 years sales of 1 properties where buyers paid around £50,000. 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 £50,000 for 1 and average amount paid for purchase of approx. 1 properties sold in last 7 years comes to about £50,000 per sale.