Average Price for property in South Ridge, Gosforth, Newcastle upon Tyne, NE3 is around £342,031 which varies based on type of property you are interested in and ranges from £376,547 for detached house to around £303,680 for semi-detached. Values have been changing and have risen £267 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £204 in last 6 months, £20,272 in last 1 year, £24,707 in last 2 years, £39,299 in last 3 years, £26,363 in last 4 years and £22,997 in last 5 years.
Currently average asking price of a property in South Ridge, Gosforth, Newcastle upon Tyne, NE3 is around £229,283 based on approximately 1 properties for sale. Same is the case with rental options based on 324 properties up for rent, average asking rent is around £1,031 per month.
Estimated property value in South Ridge, Gosforth, Newcastle upon Tyne, NE3 is £342,031. Average asking price is £229,283 while average price paid is £210,000 which is up by £20,272 and Avg. asking rent £1,031.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 South Ridge, Gosforth, Newcastle upon Tyne, NE3 area. In last 1 year alone average price buyer paid is around £210,000 based on approximately 1 sales in South Ridge, Gosforth, Newcastle upon Tyne, NE3 area alone. If you compare it to last 3 years sales of 6 properties where buyers paid around £262,500. 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 £260,555 for 9 and average amount paid for purchase of approx. 11 properties sold in last 7 years comes to about £247,727 per sale.