Ringwood Drive, Cramlington, NE23

Street Guide For Ringwood Drive, Cramlington, NE23

 

Ringwood Drive, Cramlington, NE23 Map

Estimated Price: £152,969
Average Asking Price: £159,083
Price change in last one year: £7,145
Average Price Paid: £141,425
Average Rent Rates: £551

 

Property Prices Breakdown in Ringwood Drive, Cramlington, NE23

Average Price for property in Ringwood Drive, Cramlington, NE23 is around £152,969 which varies based on type of property you are interested in and ranges from £206,950 for detached house to around £143,834 for semi-detached. Similarly terraced house is around £139,886. Values have been changing and have risen £885 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £3,016 in last 6 months, £7,145 in last 1 year, £8,150 in last 2 years, £16,207 in last 3 years, £8,437 in last 4 years and £7,227 in last 5 years.

Currently average asking price of a property in Ringwood Drive, Cramlington, NE23 is around £159,083 based on approximately 5 properties for sale. Same is the case with rental options based on 75 properties up for rent, average asking rent is around £551 per month.

Estimated property value in Ringwood Drive, Cramlington, NE23 is £152,969. Average asking price is £159,083 while average price paid is £137,980 which is up by £7,145 and Avg. asking rent £551.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 Ringwood Drive, Cramlington, NE23 area. In last 1 year alone average price buyer paid is around £137,980 based on approximately 5 sales in Ringwood Drive, Cramlington, NE23 area alone. If you compare it to last 3 years sales of 13 properties where buyers paid around £143,153. 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 £141,425 for 17 and average amount paid for purchase of approx. 23 properties sold in last 7 years comes to about £144,227 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 £76,043, £110,722 for a 2 bedroom house, £147,997 for a 3 bedroom house, £226,498 for a 4 bedroom house and £309,207 for a 5 bedroom house. For a flat similarly the prices varies from £58,170 for a single bedroom to £79,096 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £73,967. To sum up the asking prices for properties in Ringwood Drive, Cramlington, NE23 it comes to around average £68,596 for 1 bedroom property, £100,933 for 2 bedroom, £146,583 for 3 bedroom, £226,498 for 4 bedroom and £309,207 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 £411 for 1 bedroom to £474 for 2 bedroom, £560 for 3 bedroom and £702 for 4 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £395. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £429 and £451 for 3 bedroom. You should be generally be expecting around average £401 rent per month for single bedroom property, £444 for 2 bedroom, £552 for 3 bedroom and approximately £702 for 4 bedroom property in Ringwood Drive, Cramlington, NE23 area.

Popular Houses in Ringwood Drive, Cramlington, NE23

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 Ringwood Drive, Cramlington, NE23