Newtown, Morpeth, NE65

Street Guide For Newtown, Morpeth, NE65

 

Newtown, Morpeth, NE65 Map

Estimated Price: £550,100
Average Asking Price: £283,954
Price change in last one year: £39,517
Average Price Paid: £542,500
Average Rent Rates: £539

 

Property Prices Breakdown in Newtown, Morpeth, NE65

Average Price for property in Newtown, Morpeth, NE65 is around £550,100 which varies based on type of property you are interested in and ranges from £998,297 for detached house to around £101,903 for semi-detached. Values have been changing and have risen £780 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £3,333 in last 6 months, £39,517 in last 1 year, £45,059 in last 2 years, £59,264 in last 3 years, £27,027 in last 4 years and £34,112 in last 5 years.

Currently average asking price of a property in Newtown, Morpeth, NE65 is around £283,954 based on approximately 0 properties for sale. Same is the case with rental options based on 48 properties up for rent, average asking rent is around £539 per month.

Estimated property value in Newtown, Morpeth, NE65 is £550,100. Average asking price is £283,954 while average price paid is £185,000 which is up by £59,264 and Avg. asking rent £539.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 Newtown, Morpeth, NE65 area. In last 3 years alone average price buyer paid is around £185,000 based on approximately 1 sales in Newtown, Morpeth, NE65 area alone. If you compare it to last 5 years sales of 2 properties where buyers paid around £542,500. It has been same for some time now for e.g. if you take an average of amount paid in last 7 years, it comes to around £542,500 for 2 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 £84,485, £131,524 for a 2 bedroom house, £227,633 for a 3 bedroom house, £365,520 for a 4 bedroom house and £636,398 for a 5 bedroom house. For a flat similarly the prices varies from £49,967 for a single bedroom to £142,382 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £71,650 and £189,995 for a 4 bedroom flat. To sum up the asking prices for properties in Newtown, Morpeth, NE65 it comes to around average £75,071 for 1 bedroom property, £133,255 for 2 bedroom, £224,472 for 3 bedroom, £363,299 for 4 bedroom and £636,398 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 £438 for 1 bedroom to £519 for 2 bedroom, £586 for 3 bedroom and £1,099 for 4 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £364. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £402 and £403 for 3 bedroom. You should be generally be expecting around average £401 rent per month for single bedroom property, £487 for 2 bedroom, £541 for 3 bedroom and approximately £1,099 for 4 bedroom property in Newtown, Morpeth, NE65 area.

Popular Houses in Newtown, Morpeth, NE65

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 Newtown, Morpeth, NE65