Murrayfield Road, Newcastle upon Tyne, NE5

Street Guide For Murrayfield Road, Newcastle upon Tyne, NE5

 
 

Murrayfield Road, Newcastle upon Tyne, NE5 Map

Estimated Price: £73,294
Average Asking Price: £129,371
Price change in last one year: £4,631
Average Price Paid: £75,375
Average Rent Rates: £1,398

Hybrid Estate Agents (Newcastle)
Newcastle, NE15, NE5, NE20, NE9

Free House valuation

 

Property Prices Breakdown in Murrayfield Road, Newcastle upon Tyne, NE5

Average Price for property in Murrayfield Road, Newcastle upon Tyne, NE5 is around £73,294 which varies based on type of property you are interested in and ranges from £82,469 for detached house to around £75,884 for semi-detached. Similarly terraced house is around £80,655 and a flat is worth £60,092. Values have been changing and have risen £202 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £900 in last 6 months, £4,631 in last 1 year, £5,256 in last 2 years, £7,881 in last 3 years, £4,705 in last 4 years and £4,300 in last 5 years.

Currently average asking price of a property in Murrayfield Road, Newcastle upon Tyne, NE5 is around £129,371 based on approximately 2 properties for sale. Same is the case with rental options based on 76 properties up for rent, average asking rent is around £1,398 per month.

Estimated property value in Murrayfield Road, Newcastle upon Tyne, NE5 is £73,294. Average asking price is £129,371 while average price paid is £64,000 which is up by £4,631 and Avg. asking rent £1,398.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 Murrayfield Road, Newcastle upon Tyne, NE5 area. In last 1 year alone average price buyer paid is around £64,000 based on approximately 2 sales in Murrayfield Road, Newcastle upon Tyne, NE5 area alone. If you compare it to last 3 years sales of 2 properties where buyers paid around £64,000. 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 £75,375 for 4 and average amount paid for purchase of approx. 5 properties sold in last 7 years comes to about £65,800 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 £79,950, £133,838 for a 2 bedroom house, £130,790 for a 3 bedroom house, £198,830 for a 4 bedroom house and £328,317 for a 5 bedroom house. For a flat similarly the prices varies from £59,962 for a single bedroom to £79,284 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £61,650. To sum up the asking prices for properties in Murrayfield Road, Newcastle upon Tyne, NE5 it comes to around average £63,960 for 1 bedroom property, £110,233 for 2 bedroom, £129,494 for 3 bedroom, £198,830 for 4 bedroom and £328,317 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 £351 for 1 bedroom to £544 for 2 bedroom, £619 for 3 bedroom and £599 for 4 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £397. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £2,267 and £557 for 3 bedroom. You should be generally be expecting around average £386 rent per month for single bedroom property, £2,052 for 2 bedroom, £607 for 3 bedroom and approximately £599 for 4 bedroom property in Murrayfield Road, Newcastle upon Tyne, NE5 area.

Popular Houses in Murrayfield Road, Newcastle upon Tyne, NE5

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 Murrayfield Road, Newcastle upon Tyne, NE5