Values have been changing and have risen £255 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £1,137 in last 6 months, £5,848 in last 1 year, £6,634 in last 2 years, £9,948 in last 3 years, £5,936 in last 4 years and £5,425 in last 5 years.
Currently average asking price of a property in Southmead Avenue, Newcastle upon Tyne, NE5 is around £129,371 based on approximately 2 properties for sale. Same is the case with rental options based on 76 properties up for rent, average asking rent is around £1,398 per month.
Estimated property value in Southmead Avenue, Newcastle upon Tyne, NE5 is £92,111. Average asking price is £129,371 while average price paid is £92,750 which is up by £5,848 and Avg. asking rent £1,398.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 Southmead Avenue, Newcastle upon Tyne, NE5 area. In last 1 year alone average price buyer paid is around £92,750 based on approximately 2 sales in Southmead Avenue, Newcastle upon Tyne, NE5 area alone. If you compare it to last 3 years sales of 5 properties where buyers paid around £82,500. 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 £80,864 for 11 and average amount paid for purchase of approx. 14 properties sold in last 7 years comes to about £78,893 per sale.