Ridley Gardens, Shiremoor, Newcastle upon Tyne, NE27

Street Guide For Ridley Gardens, Shiremoor, Newcastle upon Tyne, NE27

 

Ridley Gardens, Shiremoor, Newcastle upon Tyne, NE27 Map

Estimated Price: £283,650
Average Asking Price: £163,490
Price change in last one year: £14,354
Average Price Paid: £181,609
Average Rent Rates: £846

 

Property Prices Breakdown in Ridley Gardens, Shiremoor, Newcastle upon Tyne, NE27

Average Price for property in Ridley Gardens, Shiremoor, Newcastle upon Tyne, NE27 is around £283,650 which varies based on type of property you are interested in and ranges from £295,664 for detached house to around £211,568 for semi-detached. Values have been changing and have risen £1,168 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £2,411 in last 6 months, £14,354 in last 1 year, £21,728 in last 2 years, £29,118 in last 3 years, £13,799 in last 4 years and £15,101 in last 5 years.

Currently average asking price of a property in Ridley Gardens, Shiremoor, Newcastle upon Tyne, NE27 is around £163,490 based on approximately 19 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 Ridley Gardens, Shiremoor, Newcastle upon Tyne, NE27 is £283,650. Average asking price is £163,490 while average price paid is £189,203 which is up by £14,354 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 Ridley Gardens, Shiremoor, Newcastle upon Tyne, NE27 area. In last 1 year alone average price buyer paid is around £189,203 based on approximately 19 sales in Ridley Gardens, Shiremoor, Newcastle upon Tyne, NE27 area alone. If you compare it to last 3 years sales of 63 properties where buyers paid around £175,132. 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 £181,609 for 69 and average amount paid for purchase of approx. 69 properties sold in last 7 years comes to about £181,609 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 £127,000, £122,084 for a 2 bedroom house, £161,428 for a 3 bedroom house, £243,102 for a 4 bedroom house and £287,121 for a 5 bedroom house. For a flat similarly the prices varies from £69,983 for a single bedroom to £99,994 for a 2 bedroom Flat. To sum up the asking prices for properties in Ridley Gardens, Shiremoor, Newcastle upon Tyne, NE27 it comes to around average £92,790 for 1 bedroom property, £110,559 for 2 bedroom, £161,428 for 3 bedroom, £243,102 for 4 bedroom and £287,121 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 £552 for 2 bedroom to £626 for 3 bedroom and £899 for 4 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £427. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £449 and £399 for 4 bedroom. You should be generally be expecting around average £427 rent per month for single bedroom property, £526 for 2 bedroom, £626 for 3 bedroom and approximately £732 for 4 bedroom property in Ridley Gardens, Shiremoor, Newcastle upon Tyne, NE27 area.

Popular Houses in Ridley Gardens, Shiremoor, Newcastle upon Tyne, NE27

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 Ridley Gardens, Shiremoor, Newcastle upon Tyne, NE27