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.