Average Price for property in Derwentwater Road, Newbiggin-by-the-Sea, NE64 is around £63,726 e.g. average price for semi-detached is around 63,726. Values have been changing and have risen £74 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £349 in last 6 months, £3,857 in last 1 year, £5,210 in last 2 years, £7,097 in last 3 years, £4,646 in last 4 years and £3,754 in last 5 years.
Currently average asking price of a property in Derwentwater Road, Newbiggin-by-the-Sea, NE64 is around £113,984 based on approximately 1 properties for sale. Same is the case with rental options based on 20 properties up for rent, average asking rent is around £451 per month.
Estimated property value in Derwentwater Road, Newbiggin-by-the-Sea, NE64 is £63,726. Average asking price is £113,984 while average price paid is £55,000 which is up by £3,857 and Avg. asking rent £451.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 Derwentwater Road, Newbiggin-by-the-Sea, NE64 area. In last 1 year alone average price buyer paid is around £55,000 based on approximately 1 sales in Derwentwater Road, Newbiggin-by-the-Sea, NE64 area alone. If you compare it to last 3 years sales of 2 properties where buyers paid around £64,500. 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 £62,500 for 4 and average amount paid for purchase of approx. 4 properties sold in last 7 years comes to about £62,500 per sale.