Values have been changing and have risen £640 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £2,179 in last 6 months, £5,163 in last 1 year, £5,890 in last 2 years, £11,713 in last 3 years, £6,102 in last 4 years and £5,230 in last 5 years.
Currently average asking price of a property in Lanercost Park, Cramlington, NE23 is around £159,083 based on approximately 1 properties for sale. Same is the case with rental options based on 75 properties up for rent, average asking rent is around £551 per month.
Estimated property value in Lanercost Park, Cramlington, NE23 is £114,746. Average asking price is £159,083 while average price paid is £123,500 which is up by £5,163 and Avg. asking rent £551.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 Lanercost Park, Cramlington, NE23 area. In last 1 year alone average price buyer paid is around £123,500 based on approximately 1 sales in Lanercost Park, Cramlington, NE23 area alone. If you compare it to last 3 years sales of 2 properties where buyers paid around £114,750. 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 £96,500 for 3 and average amount paid for purchase of approx. 6 properties sold in last 7 years comes to about £110,416 per sale.