Values have been changing and have risen £743 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £2,571 in last 6 months, £11,106 in last 1 year, £15,124 in last 2 years, £20,150 in last 3 years, £9,098 in last 4 years and £9,750 in last 5 years.
Currently average asking price of a property in Rowan Drive, Ponteland, Newcastle upon Tyne, NE20 is around £544,404 based on approximately 2 properties for sale. Same is the case with rental options based on 61 properties up for rent, average asking rent is around £1,546 per month.
Estimated property value in Rowan Drive, Ponteland, Newcastle upon Tyne, NE20 is £190,239. Average asking price is £544,404 while average price paid is £242,500 which is up by £11,106 and Avg. asking rent £1,546.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 Rowan Drive, Ponteland, Newcastle upon Tyne, NE20 area. In last 1 year alone average price buyer paid is around £242,500 based on approximately 2 sales in Rowan Drive, Ponteland, Newcastle upon Tyne, NE20 area alone. If you compare it to last 3 years sales of 5 properties where buyers paid around £210,600. 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 £190,611 for 9 and average amount paid for purchase of approx. 14 properties sold in last 7 years comes to about £173,204 per sale.