Average Price for property in North Terrace, Newcastle upon Tyne, NE2 is around £247,338 which varies based on type of property you are interested in and ranges from £265,434 for terraced house to around £229,244 for a flat. Values have been changing and have risen £925 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £3,000 in last 6 months, £12,552 in last 1 year, £16,430 in last 2 years, £25,525 in last 3 years, £15,997 in last 4 years and £14,382 in last 5 years.
Currently average asking price of a property in North Terrace, Newcastle upon Tyne, NE2 is around £273,264 based on approximately 1 properties for sale. Same is the case with rental options based on 1,536 properties up for rent, average asking rent is around £1,022 per month.
Estimated property value in North Terrace, Newcastle upon Tyne, NE2 is £247,338. Average asking price is £273,264 while average price paid is £235,000 which is up by £12,552 and Avg. asking rent £1,022.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 North Terrace, Newcastle upon Tyne, NE2 area. In last 1 year alone average price buyer paid is around £235,000 based on approximately 1 sales in North Terrace, Newcastle upon Tyne, NE2 area alone. If you compare it to last 3 years sales of 2 properties where buyers paid around £205,000. 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 £216,200 for 3 and average amount paid for purchase of approx. 3 properties sold in last 7 years comes to about £216,200 per sale.