Westfield, Morpeth, NE61

Street Guide For Westfield, Morpeth, NE61

 

Westfield, Morpeth, NE61 Map

Estimated Price: £171,939
Average Asking Price: £298,258
Price change in last one year: £9,609
Average Price Paid: £161,750
Average Rent Rates: £860

 

Property Prices Breakdown in Westfield, Morpeth, NE61

Average Price for property in Westfield, Morpeth, NE61 is around £171,939 which varies based on type of property you are interested in and ranges from £182,818 for detached house to around £168,830 for semi-detached. Values have been changing and have risen £627 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £1,328 in last 6 months, £9,609 in last 1 year, £13,608 in last 2 years, £19,377 in last 3 years, £13,732 in last 4 years and £9,729 in last 5 years.

Currently average asking price of a property in Westfield, Morpeth, NE61 is around £298,258 based on approximately 1 properties for sale. Same is the case with rental options based on 68 properties up for rent, average asking rent is around £860 per month.

Estimated property value in Westfield, Morpeth, NE61 is £171,939. Average asking price is £298,258 while average price paid is £140,000 which is up by £9,609 and Avg. asking rent £860.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 Westfield, Morpeth, NE61 area. In last 1 year alone average price buyer paid is around £140,000 based on approximately 1 sales in Westfield, Morpeth, NE61 area alone. If you compare it to last 3 years sales of 3 properties where buyers paid around £160,666. 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 £161,750 for 4 and average amount paid for purchase of approx. 5 properties sold in last 7 years comes to about £152,400 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 1 bedroom is around £92,880, £125,517 for a 2 bedroom house, £190,017 for a 3 bedroom house, £400,847 for a 4 bedroom house and £532,149 for a 5 bedroom house. For a flat similarly the prices varies from £79,858 for a single bedroom to £138,246 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £74,975. To sum up the asking prices for properties in Westfield, Morpeth, NE61 it comes to around average £83,688 for 1 bedroom property, £130,952 for 2 bedroom, £188,312 for 3 bedroom, £400,847 for 4 bedroom and £532,149 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 £491 for 1 bedroom to £495 for 2 bedrooms, £858 for 3 bedrooms, £1,535 for 4 bedrooms and £1,499 for 5 bedrooms house. But if you are interested in renting a 2 bedroom flat then rent per month can be around £559. You should be generally be expecting around average £491 rent per month for single bedroom property, £522 for 2 bedroom, £858 for 3 bedroom, £1,535 for 4 bedroom and approximately £1,499 for a 5 bedroom property in Westfield, Morpeth, NE61 area.

Popular Houses in Westfield, Morpeth, NE61

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 Westfield, Morpeth, NE61