Cedar Grove, Hebburn, NE31

Street Guide For Cedar Grove, Hebburn, NE31

 

Cedar Grove, Hebburn, NE31 Map

Estimated Price: £99,095
Average Asking Price: £138,824
Price change in last one year: £6,682
Average Price Paid: £94,983
Average Rent Rates: £742

 

Property Prices Breakdown in Cedar Grove, Hebburn, NE31

Average Price for property in Cedar Grove, Hebburn, NE31 is around £99,095 which varies based on type of property you are interested in and ranges from £95,257 for semi-detached to around £105,494 for terraced house. Values have been changing and have risen £231 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £560 in last 6 months, £6,682 in last 1 year, £7,407 in last 2 years, £10,489 in last 3 years, £7,033 in last 4 years and £4,519 in last 5 years.

Currently average asking price of a property in Cedar Grove, Hebburn, NE31 is around £138,824 based on approximately 1 properties for sale. Same is the case with rental options based on 52 properties up for rent, average asking rent is around £742 per month.

Estimated property value in Cedar Grove, Hebburn, NE31 is £99,095. Average asking price is £138,824 while average price paid is £98,000 which is up by £6,682 and Avg. asking rent £742.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 Cedar Grove, Hebburn, NE31 area. In last 1 year alone average price buyer paid is around £98,000 based on approximately 1 sales in Cedar Grove, Hebburn, NE31 area alone. If you compare it to last 3 years sales of 3 properties where buyers paid around £94,983. 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 £94,983 for 3 and average amount paid for purchase of approx. 3 properties sold in last 7 years comes to about £94,983 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 1 bedroom is around £79,950, £104,908 for a 2 bedroom house, £142,281 for a 3 bedroom house, £209,857 for a 4 bedroom house and £319,967 for a 5 bedroom house. For a flat similarly the prices varies from £64,950 for a single bedroom to £72,998 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £72,177. To sum up the asking prices for properties in Cedar Grove, Hebburn, NE31 it comes to around average £72,450 for 1 bedroom property, £87,464 for 2 bedroom, £135,497 for 3 bedroom, £209,857 for 4 bedroom and £319,967 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 £315 for 1 bedroom to £485 for 2 bedroom and £535 for 3 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £472. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £429, £481 for 3 bedroom and £451 for 4 bedroom. You should be generally be expecting around average £360 rent per month for single bedroom property, £433 for 2 bedroom, £519 for 3 bedroom and approximately £451 for 4 bedroom property in Cedar Grove, Hebburn, NE31 area.

Popular Houses in Cedar Grove, Hebburn, NE31

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 Cedar Grove, Hebburn, NE31