Average Price for property in Farnley Ridge, Durham, DH1 is around £377,807 e.g. average price for detached house is around 377,807. Values have been changing and have risen £2,831 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £9,968 in last 6 months, £15,593 in last 1 year, £23,905 in last 2 years, £30,214 in last 3 years, £24,349 in last 4 years and £17,627 in last 5 years.
Currently average asking price of a property in Farnley Ridge, Durham, DH1 is around £284,042 based on approximately 1 properties for sale. Same is the case with rental options based on 218 properties up for rent, average asking rent is around £925 per month.
Estimated property value in Farnley Ridge, Durham, DH1 is £377,807. Average asking price is £284,042 while average price paid is £370,000 which is up by £15,593 and Avg. asking rent £925.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 Farnley Ridge, Durham, DH1 area. In last 1 year alone average price buyer paid is around £370,000 based on approximately 1 sales in Farnley Ridge, Durham, DH1 area alone. If you compare it to last 3 years sales of 1 properties where buyers paid around £370,000. 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 £370,000 for 1 and average amount paid for purchase of approx. 2 properties sold in last 7 years comes to about £343,500 per sale.