Average Price for property in Drake Close, South Shields, NE33 is around £101,658 which varies based on type of property you are interested in and ranges from £104,859 for detached house to around £159,361 for semi-detached. Similarly terraced house is around £109,850 and a flat is worth £62,149. Values have been changing and have risen £548 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £1,854 in last 6 months, £4,362 in last 1 year, £7,560 in last 2 years, £9,953 in last 3 years, £4,515 in last 4 years and £4,043 in last 5 years.
Currently average asking price of a property in Drake Close, South Shields, NE33 is around £124,690 based on approximately 1 properties for sale. Same is the case with rental options based on 232 properties up for rent, average asking rent is around £545 per month.
Estimated property value in Drake Close, South Shields, NE33 is £101,658. Average asking price is £124,690 while average price paid is £54,950 which is up by £4,362 and Avg. asking rent £545.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 Drake Close, South Shields, NE33 area. In last 1 year alone average price buyer paid is around £54,950 based on approximately 1 sales in Drake Close, South Shields, NE33 area alone. If you compare it to last 3 years sales of 2 properties where buyers paid around £58,975. 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 £82,650 for 3 and average amount paid for purchase of approx. 4 properties sold in last 7 years comes to about £91,987 per sale.