Values have been changing and have risen £357 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £1,155 in last 6 months, £5,460 in last 1 year, £3,725 in last 2 years, £11,812 in last 3 years, £6,578 in last 4 years and £6,073 in last 5 years.
Currently average asking price of a property in Fern Dene Road, Bensham, Gateshead, NE8 is around £124,528 based on approximately 3 properties for sale. Same is the case with rental options based on 259 properties up for rent, average asking rent is around £605 per month.
Estimated property value in Fern Dene Road, Bensham, Gateshead, NE8 is £102,276. Average asking price is £124,528 while average price paid is £105,500 which is up by £5,460 and Avg. asking rent £605.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 Fern Dene Road, Bensham, Gateshead, NE8 area. In last 1 year alone average price buyer paid is around £105,500 based on approximately 3 sales in Fern Dene Road, Bensham, Gateshead, NE8 area alone. If you compare it to last 3 years sales of 10 properties where buyers paid around £97,250. 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 £86,963 for 15 and average amount paid for purchase of approx. 21 properties sold in last 7 years comes to about £91,402 per sale.