Newcastle

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Area Guide For Newcastle

Newcastle upon Tyne is an ordinarily known as Newcastle, is a city in the metropolitan district of Tyne and Wear in North East England. It is arranged on the north western bank of the River Tyne's estuary and focused 8.5 mile from the North Sea.Newcastle is the most crowded city in the North East locale and lies at the urban center of the Tyneside, the seventh most crowded conurbation in the United Kingdom and the most crowded in the North East. Newcastle is an individual from the English Core Cities Group and, with Gateshead, the Eurocities system of European urban communities. Newcastle was a piece of the region of Northumberland until 1400, when it turned into a district of itself, a status it held until getting to be a piece of the Tyne and Wear metropolitan area in 1974.

 
 

Newcastle Map

Estimated Price: £154,014
Average Asking Price: £148,171
Price change in last one year: £6,131
Average Price Paid: £184,002
Average Rent Rates: £509

 
 

Property Prices Breakdown in Newcastle

Average Price for property in Newcastle is around £154,014 which varies based on type of property you are interested in and ranges from £226,280 for detached house to around £127,563 for semi-detached. Similarly terraced house is around £98,238 and a flat is worth £103,905. Values have been changing and have risen £1,992 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £638 in last 6 months, £6,131 in last 1 year, £10,430 in last 2 years, £8,216 in last 3 years, £11,902 in last 4 years and £22,781 in last 5 years.

Currently average asking price of a property in Newcastle is around £148,171 based on approximately 0 properties for sale. Same is the case with rental options based on 104 properties up for rent, average asking rent is around £509 per month.

Estimated property value in Newcastle is £154,014. Average asking price is £148,171 while average price paid is £165,000 which is up by £8,216 and Avg. asking rent £509.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 Newcastle area. In last 3 years alone average price buyer paid is around £165,000 based on approximately 1 sales in Newcastle area alone. If you compare it to last 5 years sales of 7 properties where buyers paid around £184,002.

 
 

Properties For Sale in Newcastle

 
 

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 £144,800, £84,893 for a 2 bedroom house, £121,082 for a 3 bedroom house, £204,147 for a 4 bedroom house and £263,207 for a 5 bedroom house. For a flat similarly the prices varies from £61,233 for a single bedroom to £108,408 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £116,315. To sum up the asking prices for properties in Newcastle it comes to around average £88,190 for 1 bedroom property, £93,387 for 2 bedroom, £120,998 for 3 bedroom, £204,147 for 4 bedroom and £263,207 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 £433 for 1 bedroom to £448 for 2 bedrooms, £482 for 3 bedrooms, £649 for 4 bedrooms and £680 for 5 bedrooms house. But if you are interested in renting a 1 bedroom flat then rent per month can be around £389. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £527, £596 for 3 bedroom and £358 for 4 bedroom. You should be generally be expecting around average £391 rent per month for single bedroom property, £488 for 2 bedroom, £499 for 3 bedroom, £632 for 4 bedroom and approximately £680 for a 5 bedroom property in Newcastle area.

Popular Houses in Newcastle

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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