Romsey Grove, Newcastle upon Tyne, NE15

Street Guide For Romsey Grove, Newcastle upon Tyne, NE15

 
 

Romsey Grove, Newcastle upon Tyne, NE15 Map

Estimated Price: £153,020
Average Asking Price: £201,251
Price change in last one year: £10,018
Average Price Paid: £142,250
Average Rent Rates: £751

Hybrid Estate Agents (Newcastle)
Newcastle, NE15, NE5, NE20, NE9

Free House valuation

 

Property Prices Breakdown in Romsey Grove, Newcastle upon Tyne, NE15

Average Price for property in Romsey Grove, Newcastle upon Tyne, NE15 is around £153,020 which varies based on type of property you are interested in and ranges from £185,645 for detached house to around £128,712 for semi-detached. Similarly terraced house is around £164,858 and a flat is worth £123,587. Values have been changing and have risen £527 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £1,687 in last 6 months, £10,018 in last 1 year, £10,804 in last 2 years, £16,067 in last 3 years, £8,764 in last 4 years and £5,910 in last 5 years.

Currently average asking price of a property in Romsey Grove, Newcastle upon Tyne, NE15 is around £201,251 based on approximately 1 properties for sale. Same is the case with rental options based on 94 properties up for rent, average asking rent is around £751 per month.

Estimated property value in Romsey Grove, Newcastle upon Tyne, NE15 is £153,020. Average asking price is £201,251 while average price paid is £78,000 which is up by £10,018 and Avg. asking rent £751.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 Romsey Grove, Newcastle upon Tyne, NE15 area. In last 1 year alone average price buyer paid is around £78,000 based on approximately 1 sales in Romsey Grove, Newcastle upon Tyne, NE15 area alone. If you compare it to last 3 years sales of 2 properties where buyers paid around £122,000. 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 £142,250 for 4 and average amount paid for purchase of approx. 5 properties sold in last 7 years comes to about £130,800 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 £59,450, £112,710 for a 2 bedroom house, £152,753 for a 3 bedroom house, £279,885 for a 4 bedroom house and £436,771 for a 5 bedroom house. For a flat similarly the prices varies from £60,010 for a single bedroom to £79,921 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £69,639, £117,500 for a 4 bedroom flat and £95,000 for a 5 bedroom flat. To sum up the asking prices for properties in Romsey Grove, Newcastle upon Tyne, NE15 it comes to around average £59,908 for 1 bedroom property, £103,342 for 2 bedroom, £147,129 for 3 bedroom, £273,757 for 4 bedroom and £394,050 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 £423 for 1 bedroom to £494 for 2 bedrooms, £613 for 3 bedrooms, £1,177 for 4 bedrooms and £1,673 for 5 bedrooms house. But if you are interested in renting a 1 bedroom flat then rent per month can be around £433. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £476 and £474 for 3 bedroom. You should be generally be expecting around average £429 rent per month for single bedroom property, £482 for 2 bedroom, £584 for 3 bedroom, £1,177 for 4 bedroom and approximately £1,672 for a 5 bedroom property in Romsey Grove, Newcastle upon Tyne, NE15 area.

Popular Houses in Romsey Grove, Newcastle upon Tyne, NE15

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 Romsey Grove, Newcastle upon Tyne, NE15