Values have been changing and have risen £300 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £974 in last 6 months, £4,610 in last 1 year, £3,147 in last 2 years, £9,974 in last 3 years, £5,557 in last 4 years and £5,130 in last 5 years.
Currently average asking price of a property in Hedley Street, Gateshead, NE8 is around £124,233 based on approximately 1 properties for sale. Same is the case with rental options based on 262 properties up for rent, average asking rent is around £606 per month.
Estimated property value in Hedley Street, Gateshead, NE8 is £86,077. Average asking price is £124,233 while average price paid is £45,000 which is up by £4,610 and Avg. asking rent £606.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 Hedley Street, Gateshead, NE8 area. In last 1 year alone average price buyer paid is around £45,000 based on approximately 1 sales in Hedley Street, Gateshead, NE8 area alone. If you compare it to last 3 years sales of 5 properties where buyers paid around £59,300. 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 £59,300 for 5 and average amount paid for purchase of approx. 6 properties sold in last 7 years comes to about £67,750 per sale.