Values have been changing and have risen £1,822 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £5,991 in last 6 months, £15,715 in last 1 year, £31,667 in last 2 years, £29,685 in last 3 years, £30,670 in last 4 years and £32,869 in last 5 years.
Currently average asking price of a property in Jesmond Road, Grays, RM16 is around £334,508 based on approximately 2 properties for sale. Same is the case with rental options based on 19 properties up for rent, average asking rent is around £991 per month.
Estimated property value in Jesmond Road, Grays, RM16 is £186,738. Average asking price is £334,508 while average price paid is £175,000 which is up by £15,715 and Avg. asking rent £991.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 Jesmond Road, Grays, RM16 area. In last 1 year alone average price buyer paid is around £175,000 based on approximately 2 sales in Jesmond Road, Grays, RM16 area alone. If you compare it to last 3 years sales of 5 properties where buyers paid around £179,188. 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 £174,420 for 7 and average amount paid for purchase of approx. 10 properties sold in last 7 years comes to about £156,994 per sale.