Average House Prices in Newcastle discussed by Smartmove North East
If you are looking to move home or buy a new house in Newcastle then its always a good idea to understand the Average House Prices in Newcastle or the area before you start looking or viewing houses. Buying a house should always be an investment but you always need to consider a few things before you start your search as this will help you decide on the area you want to move to and the type of house you want to buy.
- Why are you moving house to start with?
- Are you looking for a better area, better schools, more bedrooms, more living space, parking or a bigger garden
- What is important to you in your home? Is it the house or the area and amenities that there are around you?
- How long do you want to stay in your new house? Is it a short term stop gap, is it a short or long term investment, are you looking to make money quickly on your home or is it a home you want to move and grow into in the longer term?
- Are you happy with on or off road parking in your new home?
- Do you want a house that you can move into straight away with no work, a bit of work or a complete project?
- Think about the location of your home for walks, shops, family and friends
Always do your research and use a website to review house prices in a specific area and road and how they have changed over the last few years. Talk to estate agents and get their view on areas that are popular and the areas that they think are up and coming.
Visit an area if you aren’t familiar with it, walk around, take note of the surroundings, are there lots of parked cars on the road that will irritate you in the longer term, is the area clean and are the houses tidy and kept up together?
Take time to sit in a cafe, restaurant or pub and get a feel for it and the people that are using it. All of these things will help you decide if this is the area for you and if you want to start viewing houses in the area.
Register with lots of estate agents and set up alerts on house selling sites so you always know when a new property comes on the market. The housing market is really fast paced so if you are interested in a property you need to arrange a viewing quickly so if its the one for you, you can make an offer.
When you have decided you want to make an offer on a property always try and go back for a second viewing. Visit the road the house is on at different times of the day so you can see parking and your potential neighbours. Try driving to work so you can see how long it will take you and what the traffic will be like.
When you have done all of your research, its time to make an offer. When you are deciding how much you want to offer, consider; how long the property has been on the market, ask your estate agent if there are been any previous offers, ask them if they think the seller will accept offers below the asking price. Calculate how much work there is, or that you want to do on the property and add this into your offer price to check you aren’t overpaying against other properties sold in the area previously.
Buying a new home is a big decision and can be stressful but if you do your research, know what you want and what you are willing to compromise on then you will know you have done your best and you won’t have any regrets when you move in.
So we have researched house prices in Newcastle and have summarised some areas for you to have a look at. These average sold prices have been taken from Zoopla. The number of houses sold and the size of the houses sold within the time frame can vary the stats shown so if you are keen on an area then do more research and look at the actual houses sold in the area and their prices over the last 12 months.
Average House Prices in Newcastle
Terraced Properties – £307,424 – £351,184
Semi-detached Properties – £321,149 -£324,364
Detached Properties – £586,765 – £640,600 (only 8 houses sold in 9 months)
Terraced Properties – £167,565 – £192,500
Semi-detached Properties – £182,799 – £158,375 (only 4 houses sold in 9 months)
Detached Properties – £570,000 – £0 (no houses sold in the last 9 months)
Terraced Properties – £111,246 – £109,736
Semi-detached Properties – £138,285 – £136,135
Detached Properties – £224,243 – £184,400 (only 5 houses sold in the last 9 months)
Terraced Properties – £203,539 – £195,150 (only 3 houses sold in the last 9 months)
Semi-detached Properties – £316,812 – £0 (no houses sold in the last 9 months)
Detached Properties – £0 (no houses sold in the last 9 months)
Terraced Properties – £209,636 – No Data
Semi-detached Properties – £274,631 – £198,600 (only 5 houses sold in 9 months)
Detached Properties – £536,197 – £646,700
Terraced Properties – £128,542 – £118,875 (only 6 houses sold in 9 months)
Semi-detached Properties – £154,070 – £162,998 (only 2 houses sold in 9 months)
Detached Properties – £322,303 – £311,875 (only 4 houses sold in 9 months)
Terraced Properties – £221,303 – £210,000 (only 1 house sold in the last 9 months)
Semi-detached Properties – £254,985 – £96,500 (only 2 houses sold in the last 9 months)
Detached Properties – £309,771 – £257,500 (only 2 houses sold in the last 9 months)
Terraced Properties – £81,540 – £70,833 (only 3 houses sold in the last 9 months)
Semi-detached Properties – £108,662 – £124,650 (only 1 house sold in the last 9 months)
Detached Properties – £170,000 – £0 (no house sales in the last 9 months)
Terraced Properties – £83,000 – £0 (no house sales in the last 9 months)
Semi-detached Properties – (no house sales in the last 9 months)
Detached Properties – (no house sales in the last 9 months)
Buying a new home should be exciting but it can also be stressful so if you are looking to move house or buy your first home then research the Average House Prices in Newcastle or the area you are looking to move to before you start booking in viewings as this will save you a lot of time and hassle in the long term.