Springfield Place, Gateshead, NE9

Street Guide For Springfield Place, Gateshead, NE9

 

Springfield Place, Gateshead, NE9 Map

Estimated Price: £112,514
Average Asking Price: £152,545
Price change in last one year: £7,284
Average Price Paid: £81,666
Average Rent Rates: £557

 

Property Prices Breakdown in Springfield Place, Gateshead, NE9

Values have been changing and have risen £126 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £251 in last 6 months, £7,284 in last 1 year, £9,463 in last 2 years, £12,758 in last 3 years, £8,515 in last 4 years and £8,085 in last 5 years.

Currently average asking price of a property in Springfield Place, Gateshead, NE9 is around £152,545 based on approximately 1 properties for sale. Same is the case with rental options based on 42 properties up for rent, average asking rent is around £557 per month.

Estimated property value in Springfield Place, Gateshead, NE9 is £112,514. Average asking price is £152,545 while average price paid is £92,000 which is up by £7,284 and Avg. asking rent £557.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 Springfield Place, Gateshead, NE9 area. In last 1 year alone average price buyer paid is around £92,000 based on approximately 1 sales in Springfield Place, Gateshead, NE9 area alone. If you compare it to last 3 years sales of 3 properties where buyers paid around £78,333. 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 £81,666 for 6 and average amount paid for purchase of approx. 9 properties sold in last 7 years comes to about £89,661 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 2 bedroom is around £129,666, £136,343 for a 3 bedroom house, £293,533 for a 4 bedroom house and £426,633 for a 5 bedroom house. For a flat similarly the prices varies from £68,539 for a single bedroom to £101,831 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £116,225 and £140,000 for a 5 bedroom flat. To sum up the asking prices for properties in Springfield Place, Gateshead, NE9 it comes to around average £68,539 for 1 bedroom property, £114,130 for 2 bedroom, £134,044 for 3 bedroom, £293,533 for 4 bedroom and £354,975 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 £182 for 1 bedroom to £571 for 2 bedroom and £678 for 3 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £394. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £524 and £563 for 3 bedroom. You should be generally be expecting around average £288 rent per month for single bedroom property, £537 for 2 bedroom and approximately £635 for 3 bedroom property in Springfield Place, Gateshead, NE9 area.

Popular Houses in Springfield Place, Gateshead, NE9

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 Springfield Place, Gateshead, NE9