Average Price for property in Ferryhill is around £92,285 which varies based on type of property you are interested in and ranges from £183,180 for detached house to around £93,260 for semi-detached. Similarly terraced house is around £63,507 and a flat is worth £73,698. Values have been changing and have risen £829 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £2,079 in last 6 months, £1,873 in last 1 year, £996 in last 2 years, £1,537 in last 3 years, £1,575 in last 4 years and £6,834 in last 5 years.
Currently average asking price of a property in Ferryhill is around £123,872 based on approximately 210 properties for sale. Same is the case with rental options based on 92 properties up for rent, average asking rent is around £376 per month.
Estimated property value in Ferryhill is £92,285. Average asking price is £123,872 while average price paid is £87,905 which is up by £1,873 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 Ferryhill area. In last 1 year alone average price buyer paid is around £87,905 based on approximately 210 sales in Ferryhill area alone. If you compare it to last 3 years sales of 559 properties where buyers paid around £85,735. 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 £87,925 for 863 and average amount paid for purchase of approx. 1,272 properties sold in last 7 years comes to about £86,881 per sale.