Average Price for property in South Shields is around £134,251 which varies based on type of property you are interested in and ranges from £251,665 for detached house to around £156,996 for semi-detached. Similarly terraced house is around £119,097 and a flat is worth £92,794. Values have been changing and have risen £411 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £1,474 in last 6 months, £7,774 in last 1 year, £12,125 in last 2 years, £11,470 in last 3 years, £11,035 in last 4 years and £9,170 in last 5 years.
Currently average asking price of a property in South Shields is around £133,282 based on approximately 690 properties for sale. Same is the case with rental options based on 313 properties up for rent, average asking rent is around £569 per month.
Estimated property value in South Shields is £134,251. Average asking price is £133,282 while average price paid is £122,223 which is up by £7,774 and Avg. asking rent £569.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 South Shields area. In last 1 year alone average price buyer paid is around £122,223 based on approximately 690 sales in South Shields area alone. If you compare it to last 3 years sales of 2,160 properties where buyers paid around £119,717. 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 £118,970 for 3,544 and average amount paid for purchase of approx. 4,918 properties sold in last 7 years comes to about £120,331 per sale.