Average Price for property in Preston Terrace, West Allotment, Newcastle upon Tyne, NE27 is around £90,356 which varies based on type of property you are interested in and ranges from £91,346 for terraced house to around £80,456 for a flat. Values have been changing and have risen £380 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £784 in last 6 months, £4,686 in last 1 year, £7,096 in last 2 years, £9,509 in last 3 years, £4,518 in last 4 years and £4,948 in last 5 years.
Currently average asking price of a property in Preston Terrace, West Allotment, Newcastle upon Tyne, NE27 is around £163,490 based on approximately 1 properties for sale. Same is the case with rental options based on 23 properties up for rent, average asking rent is around £846 per month.
Estimated property value in Preston Terrace, West Allotment, Newcastle upon Tyne, NE27 is £90,356. Average asking price is £163,490 while average price paid is £89,000 which is up by £4,686 and Avg. asking rent £846.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 Preston Terrace, West Allotment, Newcastle upon Tyne, NE27 area. In last 1 year alone average price buyer paid is around £89,000 based on approximately 1 sales in Preston Terrace, West Allotment, Newcastle upon Tyne, NE27 area alone. If you compare it to last 3 years sales of 4 properties where buyers paid around £74,500. 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 £74,600 for 5 and average amount paid for purchase of approx. 5 properties sold in last 7 years comes to about £74,600 per sale.