Average Price for property in Wellfield Lane, Westerhope, Newcastle upon Tyne, NE5 is around £163,683 which varies based on type of property you are interested in and ranges from £154,010 for detached house to around £166,103 for semi-detached. Values have been changing and have risen £432 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £1,921 in last 6 months, £9,856 in last 1 year, £11,176 in last 2 years, £16,762 in last 3 years, £9,990 in last 4 years and £9,125 in last 5 years.
Currently average asking price of a property in Wellfield Lane, Westerhope, Newcastle upon Tyne, NE5 is around £129,371 based on approximately 1 properties for sale. Same is the case with rental options based on 76 properties up for rent, average asking rent is around £1,398 per month.
Estimated property value in Wellfield Lane, Westerhope, Newcastle upon Tyne, NE5 is £163,683. Average asking price is £129,371 while average price paid is £147,500 which is up by £9,856 and Avg. asking rent £1,398.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 Wellfield Lane, Westerhope, Newcastle upon Tyne, NE5 area. In last 1 year alone average price buyer paid is around £147,500 based on approximately 1 sales in Wellfield Lane, Westerhope, Newcastle upon Tyne, NE5 area alone. If you compare it to last 3 years sales of 2 properties where buyers paid around £133,750. 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 £133,750 for 2 and average amount paid for purchase of approx. 3 properties sold in last 7 years comes to about £132,500 per sale.