NE41

Real Estate Area Guide For NE41

 

NE41 Map

Estimated Price: £315,641
Average Asking Price: £340,960
Price change in last one year: £20,484
Average Price Paid: £269,218
Average Rent Rates: £514

 

Property Prices Breakdown in NE41

Average Price for property in NE41 is around £315,641 which varies based on type of property you are interested in and ranges from £414,914 for detached house to around £319,806 for semi-detached. Similarly terraced house is around £260,267 and a flat is worth £247,161. Values have been changing and have risen £509 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £2,302 in last 6 months, £20,484 in last 1 year, £26,313 in last 2 years, £37,494 in last 3 years, £22,286 in last 4 years and £18,978 in last 5 years.

Currently average asking price of a property in NE41 is around £340,960 based on approximately 26 properties for sale. Same is the case with rental options based on 11 properties up for rent, average asking rent is around £514 per month.

Estimated property value in NE41 is £315,641. Average asking price is £340,960 while average price paid is £281,313 which is up by £20,484 and Avg. asking rent £514.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 NE41 area. In last 1 year alone average price buyer paid is around £281,313 based on approximately 26 sales in NE41 area alone. If you compare it to last 3 years sales of 82 properties where buyers paid around £278,088. 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 £269,218 for 138 and average amount paid for purchase of approx. 190 properties sold in last 7 years comes to about £267,379 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 3 bedroom is around £220,990, £324,990 for a 4 bedroom house and £600,000 for a 5 bedroom house. For a flat the prices of 2 bedroom is £196,500. To sum up the asking prices for properties in NE41 it comes to around average £196,500 for 2 bedroom property, £220,990 for 3 bedroom, £324,990 for 4 bedroom and £600,000 for 5 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 £650 for 2 bedroom to £826 for 3 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £394. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £598. You should be generally be expecting around average £394 rent per month for single bedroom property, £624 for 2 bedroom and approximately £826 for 3 bedroom property in NE41 area.

Popular Houses in NE41

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.

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