Faraday Street, Ferryhill, DL17

Street Guide For Faraday Street, Ferryhill, DL17

 

Faraday Street, Ferryhill, DL17 Map

Estimated Price: £43,161
Average Asking Price: £123,546
Price change in last one year: £632
Average Price Paid: £19,083
Average Rent Rates: £376

 

Property Prices Breakdown in Faraday Street, Ferryhill, DL17

Average Price for property in Faraday Street, Ferryhill, DL17 is around £43,161 e.g. average price for terraced house is around 43,161. Values have been changing and have risen £344 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £1,033 in last 6 months, £632 in last 1 year, £2,118 in last 2 years, £1,160 in last 3 years, £220 in last 4 years and £877 in last 5 years.

Currently average asking price of a property in Faraday Street, Ferryhill, DL17 is around £123,546 based on approximately 0 properties for sale. Same is the case with rental options based on 93 properties up for rent, average asking rent is around £376 per month.

Estimated property value in Faraday Street, Ferryhill, DL17 is £43,161. Average asking price is £123,546 while average price paid is £21,500 which is up by £1,160 and Avg. asking rent £376.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 Faraday Street, Ferryhill, DL17 area. In last 3 years alone average price buyer paid is around £21,500 based on approximately 2 sales in Faraday Street, Ferryhill, DL17 area alone. If you compare it to last 5 years sales of 3 properties where buyers paid around £19,083. 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 £39,295 for 10 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 £164,975, £63,160 for a 2 bedroom house, £106,849 for a 3 bedroom house, £256,466 for a 4 bedroom house and £242,475 for a 5 bedroom house. For a flat the prices of 2 bedroom is £46,663. To sum up the asking prices for properties in Faraday Street, Ferryhill, DL17 it comes to around average £164,975 for 1 bedroom property, £62,335 for 2 bedroom, £106,849 for 3 bedroom, £256,466 for 4 bedroom and £242,475 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 £360 for 2 bedroom to £376 for 3 bedroom and £598 for 4 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £342. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £342. You should be generally be expecting around average £342 rent per month for single bedroom property, £359 for 2 bedroom, £376 for 3 bedroom and approximately £598 for 4 bedroom property in Faraday Street, Ferryhill, DL17 area.

Popular Houses in Faraday Street, Ferryhill, DL17

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 Faraday Street, Ferryhill, DL17