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.