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High turnover of properties in Newcastle Great Park, Melbury Development in North Gosforth?

Why is there such a high turnover of properties in Newcastle Great Park, Melbury Development in North Gosforth? How is it to live on the estate? and are the house prices reasonable?

Asked on Nov 17 2011, House Prices in Newcastle upon Tyne | Report content

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  • I would check with some local agents, they will most likely know the awnser.

    Answered on Nov 18 2011, Report content
  • Originally a lot of the properties were bought as an buy to let investment, hence why a high turnover of properties. A lot of these have now been sold on, and a lot of families have made Great Park there permanent base. With the attraction of good schools, Gosforth has always been popular, but since the new Brunton First School has opened the area feels more established and a nice place to bring up your children. As the estate nears completion, the sense of community has developed, lots of local events have helped bring everyone together. The estate also now has a small shop and a regular bus service. It's close to the A1, and all the city amenities, which makes it convenient for lots of people to be based in Great Park. I have lived on Melbury since 2004, and wouldn't want to live anywhere else...

    Web reference: http://www.newcastlegreatpark.com

    Answered on Nov 26 2011, Report content
  • I do think the house prices on Melbury are currently more realistically priced, although Gosforth and Jesmond always seem to retain steady level of price than other suburbs in Newcastle.

    Answered on Nov 26 2011, Report content

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