Values have been changing and have risen £768 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £2,491 in last 6 months, £10,425 in last 1 year, £13,646 in last 2 years, £21,200 in last 3 years, £13,291 in last 4 years and £11,951 in last 5 years.
Currently average asking price of a property in Newlands Road, Gosforth, Newcastle upon Tyne, NE2 is around £273,264 based on approximately 5 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 Newlands Road, Gosforth, Newcastle upon Tyne, NE2 is £206,404. Average asking price is £273,264 while average price paid is £166,500 which is up by £10,425 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 Newlands Road, Gosforth, Newcastle upon Tyne, NE2 area. In last 1 year alone average price buyer paid is around £166,500 based on approximately 5 sales in Newlands Road, Gosforth, Newcastle upon Tyne, NE2 area alone. If you compare it to last 3 years sales of 14 properties where buyers paid around £171,100. 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 £170,165 for 22 and average amount paid for purchase of approx. 27 properties sold in last 7 years comes to about £178,561 per sale.