Milk Market, Newcastle upon Tyne, NE1

Street Guide For Milk Market, Newcastle upon Tyne, NE1

 

Milk Market, Newcastle upon Tyne, NE1 Map

Estimated Price: £184,733
Average Asking Price: £193,393
Price change in last one year: £9,975
Average Price Paid: £171,060
Average Rent Rates: £1,336

 

Property Prices Breakdown in Milk Market, Newcastle upon Tyne, NE1

Average Price for property in Milk Market, Newcastle upon Tyne, NE1 is around £184,733 which varies based on type of property you are interested in and ranges from £190,754 for detached house to around £182,681 for terraced house. Similarly flat is around £184,633. Values have been changing and have risen £247 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £677 in last 6 months, £9,975 in last 1 year, £14,386 in last 2 years, £19,254 in last 3 years, £9,416 in last 4 years and £6,662 in last 5 years.

Currently average asking price of a property in Milk Market, Newcastle upon Tyne, NE1 is around £193,393 based on approximately 2 properties for sale. Same is the case with rental options based on 523 properties up for rent, average asking rent is around £1,336 per month.

Estimated property value in Milk Market, Newcastle upon Tyne, NE1 is £184,733. Average asking price is £193,393 while average price paid is £179,900 which is up by £9,975 and Avg. asking rent £1,336.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 Milk Market, Newcastle upon Tyne, NE1 area. In last 1 year alone average price buyer paid is around £179,900 based on approximately 2 sales in Milk Market, Newcastle upon Tyne, NE1 area alone. If you compare it to last 3 years sales of 3 properties where buyers paid around £171,600. 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 £171,060 for 5 and average amount paid for purchase of approx. 5 properties sold in last 7 years comes to about £171,060 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 £225,000, £183,564 for a 2 bedroom house and £201,650 for a 3 bedroom house. For a flat similarly the prices varies from £102,338 for a single bedroom to £176,779 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £329,041 and £260,000 for a 4 bedroom flat. To sum up the asking prices for properties in Milk Market, Newcastle upon Tyne, NE1 it comes to around average £104,417 for 1 bedroom property, £177,159 for 2 bedroom, £301,743 for 3 bedroom and £260,000 for 4 bedroom.

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 £503 for 1 bedroom to £758 for 2 bedroom, £702 for 3 bedroom and £1,387 for 4 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £681. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £1,067, £1,307 for 3 bedroom, £1,281 for 4 bedroom and around £1,367 for 5 bedroom flat. You should be generally be expecting around average £667 rent per month for single bedroom property, £1,057 for 2 bedroom, £1,294 for 3 bedroom, £1,290 for 4 bedroom and approximately £1,367 for a 5 bedroom property in Milk Market, Newcastle upon Tyne, NE1 area.

Popular Houses in Milk Market, Newcastle upon Tyne, NE1

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 Milk Market, Newcastle upon Tyne, NE1