Average Price for property in The Cherry Trees, Otterburn, Newcastle upon Tyne, NE19 is around £136,179 e.g. average price for detached house is around 136,179. Values have been changing and have risen £389 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £1,372 in last 6 months, £8,566 in last 1 year, £10,851 in last 2 years, £15,799 in last 3 years, £8,674 in last 4 years and £7,424 in last 5 years.
Currently average asking price of a property in The Cherry Trees, Otterburn, Newcastle upon Tyne, NE19 is around £288,031 based on approximately 2 properties for sale. Same is the case with rental options based on 7 properties up for rent, average asking rent is around £543 per month.
Estimated property value in The Cherry Trees, Otterburn, Newcastle upon Tyne, NE19 is £136,179. Average asking price is £288,031 while average price paid is £133,000 which is up by £8,566 and Avg. asking rent £543.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 The Cherry Trees, Otterburn, Newcastle upon Tyne, NE19 area. In last 1 year alone average price buyer paid is around £133,000 based on approximately 2 sales in The Cherry Trees, Otterburn, Newcastle upon Tyne, NE19 area alone. If you compare it to last 3 years sales of 2 properties where buyers paid around £133,000. 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 £142,000 for 3 and average amount paid for purchase of approx. 3 properties sold in last 7 years comes to about £142,000 per sale.