Values have been changing and have risen £748 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £2,427 in last 6 months, £10,158 in last 1 year, £13,298 in last 2 years, £20,660 in last 3 years, £12,953 in last 4 years and £11,648 in last 5 years.
Currently average asking price of a property in Glenthorn Road, Jesmond, Newcastle upon Tyne, NE2 is around £273,264 based on approximately 4 properties for sale. Same is the case with rental options based on 1,536 properties up for rent, average asking rent is around £1,022 per month.
Estimated property value in Glenthorn Road, Jesmond, Newcastle upon Tyne, NE2 is £193,229. Average asking price is £273,264 while average price paid is £175,875 which is up by £10,158 and Avg. asking rent £1,022.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 Glenthorn Road, Jesmond, Newcastle upon Tyne, NE2 area. In last 1 year alone average price buyer paid is around £175,875 based on approximately 4 sales in Glenthorn Road, Jesmond, Newcastle upon Tyne, NE2 area alone. If you compare it to last 3 years sales of 11 properties where buyers paid around £173,272. 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 £172,764 for 17 and average amount paid for purchase of approx. 29 properties sold in last 7 years comes to about £175,156 per sale.