The Cherry Trees, Otterburn, Newcastle upon Tyne, NE19

Street Guide For The Cherry Trees, Otterburn, Newcastle upon Tyne, NE19

 

The Cherry Trees, Otterburn, Newcastle upon Tyne, NE19 Map

Estimated Price: £136,179
Average Asking Price: £288,031
Price change in last one year: £8,566
Average Price Paid: £142,000
Average Rent Rates: £543

 

Property Prices Breakdown in The Cherry Trees, Otterburn, Newcastle upon Tyne, NE19

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.

 
 

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 £166,361, £240,475 for a 3 bedroom house, £380,556 for a 4 bedroom house and £395,000 for a 5 bedroom house. To sum up the asking prices for properties in The Cherry Trees, Otterburn, Newcastle upon Tyne, NE19 it comes to around average £166,361 for 2 bedroom property, £240,475 for 3 bedroom, £380,556 for 4 bedroom and £395,000 for 5 bedroom.

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 £428 for 1 bedroom to £451 for 2 bedroom, £548 for 3 bedroom and £971 for 4 bedroom. You should be generally be expecting around average £428 rent per month for single bedroom property, £451 for 2 bedroom, £548 for 3 bedroom and approximately £971 for 4 bedroom property in The Cherry Trees, Otterburn, Newcastle upon Tyne, NE19 area.

Popular Houses in The Cherry Trees, Otterburn, Newcastle upon Tyne, NE19

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 The Cherry Trees, Otterburn, Newcastle upon Tyne, NE19