Average Price for property in Lorrain Road, South Shields, NE34 is around £92,055 which varies based on type of property you are interested in and ranges from £106,499 for semi-detached to around £86,640 for terraced house. Values have been changing and have risen £77 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £211 in last 6 months, £6,284 in last 1 year, £7,126 in last 2 years, £10,398 in last 3 years, £7,450 in last 4 years and £5,917 in last 5 years.
Currently average asking price of a property in Lorrain Road, South Shields, NE34 is around £143,345 based on approximately 2 properties for sale. Same is the case with rental options based on 80 properties up for rent, average asking rent is around £634 per month.
Estimated property value in Lorrain Road, South Shields, NE34 is £92,055. Average asking price is £143,345 while average price paid is £71,475 which is up by £6,284 and Avg. asking rent £634.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 Lorrain Road, South Shields, NE34 area. In last 1 year alone average price buyer paid is around £71,475 based on approximately 2 sales in Lorrain Road, South Shields, NE34 area alone. If you compare it to last 3 years sales of 3 properties where buyers paid around £70,650. 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 £70,650 for 3 and average amount paid for purchase of approx. 4 properties sold in last 7 years comes to about £77,487 per sale.