Average Price for property in Fontburn, Ellington, Morpeth, NE61 is around £139,429 which varies based on type of property you are interested in and ranges from £144,910 for detached house to around £138,813 for semi-detached. Similarly terraced house is around £131,549. Values have been changing and have risen £500 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £1,058 in last 6 months, £7,662 in last 1 year, £10,849 in last 2 years, £15,450 in last 3 years, £10,951 in last 4 years and £7,760 in last 5 years.
Currently average asking price of a property in Fontburn, Ellington, Morpeth, NE61 is around £298,258 based on approximately 1 properties for sale. Same is the case with rental options based on 68 properties up for rent, average asking rent is around £860 per month.
Estimated property value in Fontburn, Ellington, Morpeth, NE61 is £139,429. Average asking price is £298,258 while average price paid is £110,000 which is up by £7,662 and Avg. asking rent £860.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 Fontburn, Ellington, Morpeth, NE61 area. In last 1 year alone average price buyer paid is around £110,000 based on approximately 1 sales in Fontburn, Ellington, Morpeth, NE61 area alone. If you compare it to last 3 years sales of 2 properties where buyers paid around £133,250. 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 £133,250 for 2 and average amount paid for purchase of approx. 2 properties sold in last 7 years comes to about £133,250 per sale.