Values have been changing and have risen £530 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £1,109 in last 6 months, £7,380 in last 1 year, £10,160 in last 2 years, £15,107 in last 3 years, £9,031 in last 4 years and £9,221 in last 5 years.
Currently average asking price of a property in Closefield Grove, Whitley Bay, NE25 is around £187,900 based on approximately 4 properties for sale. Same is the case with rental options based on 59 properties up for rent, average asking rent is around £548 per month.
Estimated property value in Closefield Grove, Whitley Bay, NE25 is £127,245. Average asking price is £187,900 while average price paid is £109,250 which is up by £7,380 and Avg. asking rent £548.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 Closefield Grove, Whitley Bay, NE25 area. In last 1 year alone average price buyer paid is around £109,250 based on approximately 4 sales in Closefield Grove, Whitley Bay, NE25 area alone. If you compare it to last 3 years sales of 16 properties where buyers paid around £112,375. 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 £107,827 for 29 and average amount paid for purchase of approx. 41 properties sold in last 7 years comes to about £108,390 per sale.