Average Price for property in Otterburn Terrace, Jesmond, Newcastle upon Tyne, NE2 is around £405,354 which varies based on type of property you are interested in and ranges from £491,953 for detached house to around £571,263 for terraced house. Similarly flat is around £207,882. Values have been changing and have risen £1,449 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £4,697 in last 6 months, £19,649 in last 1 year, £25,718 in last 2 years, £39,953 in last 3 years, £25,036 in last 4 years and £22,505 in last 5 years.
Currently average asking price of a property in Otterburn Terrace, Jesmond, 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 Otterburn Terrace, Jesmond, Newcastle upon Tyne, NE2 is £405,354. Average asking price is £273,264 while average price paid is £575,000 which is up by £19,649 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 Otterburn Terrace, Jesmond, Newcastle upon Tyne, NE2 area. In last 1 year alone average price buyer paid is around £575,000 based on approximately 1 sales in Otterburn Terrace, Jesmond, Newcastle upon Tyne, NE2 area alone. If you compare it to last 3 years sales of 2 properties where buyers paid around £377,500. 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 £288,750 for 4 and average amount paid for purchase of approx. 4 properties sold in last 7 years comes to about £288,750 per sale.