Average Price for property in Cheviot Grove, Pegswood, Morpeth, NE61 is around £150,082 which varies based on type of property you are interested in and ranges from £151,276 for detached house to around £134,571 for semi-detached. Values have been changing and have risen £546 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £1,156 in last 6 months, £8,369 in last 1 year, £11,853 in last 2 years, £16,878 in last 3 years, £11,963 in last 4 years and £8,479 in last 5 years.
Currently average asking price of a property in Cheviot Grove, Pegswood, Morpeth, NE61 is around £298,258 based on approximately 0 properties for sale. Same is the case with rental options based on 68 properties up for rent, average asking rent is around £860 per month.
Estimated property value in Cheviot Grove, Pegswood, Morpeth, NE61 is £150,082. Average asking price is £298,258 while average price paid is £105,000 which is up by £16,878 and Avg. asking rent £860.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 Cheviot Grove, Pegswood, Morpeth, NE61 area. In last 3 years alone average price buyer paid is around £105,000 based on approximately 1 sales in Cheviot Grove, Pegswood, Morpeth, NE61 area alone. If you compare it to last 5 years sales of 4 properties where buyers paid around £125,000. It has been same for some time now for e.g. if you take an average of amount paid in last 7 years, it comes to around £130,833 for 6 per sale.