Bamburgh Avenue, South Shields, NE34

Street Guide For Bamburgh Avenue, South Shields, NE34

 

Bamburgh Avenue, South Shields, NE34 Map

Estimated Price: £183,278
Average Asking Price: £143,345
Price change in last one year: £11,449
Average Price Paid: £150,317
Average Rent Rates: £634

 

Property Prices Breakdown in Bamburgh Avenue, South Shields, NE34

Average Price for property in Bamburgh Avenue, South Shields, NE34 is around £183,278 which varies based on type of property you are interested in and ranges from £239,792 for detached house to around £183,029 for semi-detached. Similarly terraced house is around £171,889. Values have been changing and have risen £139 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £382 in last 6 months, £11,449 in last 1 year, £12,979 in last 2 years, £18,937 in last 3 years, £13,563 in last 4 years and £10,762 in last 5 years.

Currently average asking price of a property in Bamburgh Avenue, South Shields, NE34 is around £143,345 based on approximately 3 properties for sale. Same is the case with rental options based on 80 properties up for rent, average asking rent is around £634 per month.

Estimated property value in Bamburgh Avenue, South Shields, NE34 is £183,278. Average asking price is £143,345 while average price paid is £155,983 which is up by £11,449 and Avg. asking rent £634.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 Bamburgh Avenue, South Shields, NE34 area. In last 1 year alone average price buyer paid is around £155,983 based on approximately 3 sales in Bamburgh Avenue, South Shields, NE34 area alone. If you compare it to last 3 years sales of 13 properties where buyers paid around £148,876. 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 £150,317 for 17 and average amount paid for purchase of approx. 22 properties sold in last 7 years comes to about £155,813 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 2 bedroom is around £113,912, £144,644 for a 3 bedroom house, £249,023 for a 4 bedroom house and £326,700 for a 5 bedroom house. For a flat similarly the prices varies from £52,989 for a single bedroom to £74,951 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £77,953 and £86,475 for a 4 bedroom flat. To sum up the asking prices for properties in Bamburgh Avenue, South Shields, NE34 it comes to around average £52,989 for 1 bedroom property, £99,188 for 2 bedroom, £140,695 for 3 bedroom, £243,944 for 4 bedroom and £326,700 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 £377 for 1 bedroom to £505 for 2 bedroom, £558 for 3 bedroom and £823 for 4 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £420. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £436, £457 for 3 bedroom and £550 for 4 bedroom. You should be generally be expecting around average £398 rent per month for single bedroom property, £454 for 2 bedroom, £524 for 3 bedroom and approximately £686 for 4 bedroom property in Bamburgh Avenue, South Shields, NE34 area.

Popular Houses in Bamburgh Avenue, South Shields, NE34

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 Bamburgh Avenue, South Shields, NE34