Average Price for property in Park Drive, Forest Hall, Newcastle upon Tyne, NE12 is around £243,921 which varies based on type of property you are interested in and ranges from £341,095 for detached house to around £267,664 for semi-detached. Similarly terraced house is around £116,170 and a flat is worth £91,910. Values have been changing and have risen £1,070 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £3,893 in last 6 months, £12,925 in last 1 year, £17,065 in last 2 years, £22,693 in last 3 years, £12,506 in last 4 years and £11,331 in last 5 years.
Currently average asking price of a property in Park Drive, Forest Hall, Newcastle upon Tyne, NE12 is around £184,802 based on approximately 3 properties for sale. Same is the case with rental options based on 92 properties up for rent, average asking rent is around £715 per month.
Estimated property value in Park Drive, Forest Hall, Newcastle upon Tyne, NE12 is £243,921. Average asking price is £184,802 while average price paid is £265,833 which is up by £12,925 and Avg. asking rent £715.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 Park Drive, Forest Hall, Newcastle upon Tyne, NE12 area. In last 1 year alone average price buyer paid is around £265,833 based on approximately 3 sales in Park Drive, Forest Hall, Newcastle upon Tyne, NE12 area alone. If you compare it to last 3 years sales of 3 properties where buyers paid around £265,833. 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 £199,500 for 7 and average amount paid for purchase of approx. 9 properties sold in last 7 years comes to about £209,686 per sale.