Values have been changing and have risen £677 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £2,309 in last 6 months, £5,472 in last 1 year, £6,241 in last 2 years, £12,412 in last 3 years, £6,465 in last 4 years and £5,540 in last 5 years.
Currently average asking price of a property in Fareham Way, Cramlington, NE23 is around £159,083 based on approximately 0 properties for sale. Same is the case with rental options based on 75 properties up for rent, average asking rent is around £551 per month.
Estimated property value in Fareham Way, Cramlington, NE23 is £115,891. Average asking price is £159,083 while average price paid is £119,000 which is up by £12,412 and Avg. asking rent £551.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 Fareham Way, Cramlington, NE23 area. In last 3 years alone average price buyer paid is around £119,000 based on approximately 1 sales in Fareham Way, Cramlington, NE23 area alone. If you compare it to last 5 years sales of 2 properties where buyers paid around £119,500. 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 £119,500 for 2 per sale.