The Grove, Forest Hall, Newcastle upon Tyne, NE12

Street Guide For The Grove, Forest Hall, Newcastle upon Tyne, NE12

 

The Grove, Forest Hall, Newcastle upon Tyne, NE12 Map

Estimated Price: £418,279
Average Asking Price: £184,802
Price change in last one year: £22,453
Average Price Paid: £389,833
Average Rent Rates: £715

 

Property Prices Breakdown in The Grove, Forest Hall, Newcastle upon Tyne, NE12

Average Price for property in The Grove, Forest Hall, Newcastle upon Tyne, NE12 is around £418,279 which varies based on type of property you are interested in and ranges from £424,116 for detached house to around £417,792 for semi-detached. Similarly terraced house is around £358,108. Values have been changing and have risen £1,861 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £6,767 in last 6 months, £22,453 in last 1 year, £29,644 in last 2 years, £39,422 in last 3 years, £21,717 in last 4 years and £19,671 in last 5 years.

Currently average asking price of a property in The Grove, Forest Hall, Newcastle upon Tyne, NE12 is around £184,802 based on approximately 1 properties for sale. Same is the case with rental options based on 92 properties up for rent, average asking rent is around £715 per month.

Estimated property value in The Grove, Forest Hall, Newcastle upon Tyne, NE12 is £418,279. Average asking price is £184,802 while average price paid is £489,500 which is up by £22,453 and Avg. asking rent £715.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 Grove, Forest Hall, Newcastle upon Tyne, NE12 area. In last 1 year alone average price buyer paid is around £489,500 based on approximately 1 sales in The Grove, Forest Hall, Newcastle upon Tyne, NE12 area alone. If you compare it to last 3 years sales of 2 properties where buyers paid around £399,750. 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 £389,833 for 3 and average amount paid for purchase of approx. 3 properties sold in last 7 years comes to about £389,833 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 £120,081, £163,542 for a 3 bedroom house, £284,830 for a 4 bedroom house and £372,637 for a 5 bedroom house. For a flat similarly the prices varies from £78,542 for a single bedroom to £106,077 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £89,950 and £139,000 for a 5 bedroom flat. To sum up the asking prices for properties in The Grove, Forest Hall, Newcastle upon Tyne, NE12 it comes to around average £78,542 for 1 bedroom property, £113,421 for 2 bedroom, £162,841 for 3 bedroom, £284,830 for 4 bedroom and £358,034 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 £435 for 1 bedroom to £598 for 2 bedrooms, £675 for 3 bedrooms, £924 for 4 bedrooms and £1,495 for 5 bedrooms house. But if you are interested in renting a 1 bedroom flat then rent per month can be around £421. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £545 and £550 for 3 bedroom. You should be generally be expecting around average £425 rent per month for single bedroom property, £560 for 2 bedroom, £670 for 3 bedroom, £924 for 4 bedroom and approximately £1,495 for a 5 bedroom property in The Grove, Forest Hall, Newcastle upon Tyne, NE12 area.

Popular Houses in The Grove, Forest Hall, Newcastle upon Tyne, NE12

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 Grove, Forest Hall, Newcastle upon Tyne, NE12