Riding Mill

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Area Guide For Riding Mill

Riding Mill is a town close Hexham in Northumberland, England. It is served by Riding Mill track station and by a regular transport benefit on the course from Hexham to Newcastle.
Riding Mill is well-known as the area of Riding Mill pumping station. Up until here the water discharged from Kielder Water utilizes the River Tyne yet at Riding Mill it is pumped to parts of Tyne and Wear and over the slopes or hills to Teesside.
As you are exiting the town heading towards Hexham, Hollin Hill Terrace is arranged on the left. Almost no data is accessible on these eight rdwellings yet they are a fine case of Victorian construction modeling.

 
 

Riding Mill Map

Estimated Price: £424,692
Average Asking Price: £541,908
Price change in last one year: £31,950
Average Price Paid: £386,312
Average Rent Rates: £693

 
 

Property Prices Breakdown in Riding Mill

Average Price for property in Riding Mill is around £424,692 which varies based on type of property you are interested in and ranges from £513,597 for detached house to around £310,586 for semi-detached. Similarly terraced house is around £236,439 and a flat is worth £129,747. Values have been changing and have risen £297 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £885 in last 6 months, £31,950 in last 1 year, £41,325 in last 2 years, £52,626 in last 3 years, £29,607 in last 4 years and £22,611 in last 5 years.

Currently average asking price of a property in Riding Mill is around £541,908 based on approximately 6 properties for sale. Same is the case with rental options based on 1 properties up for rent, average asking rent is around £693 per month.

Estimated property value in Riding Mill is £424,692. Average asking price is £541,908 while average price paid is £519,648 which is up by £31,950 and Avg. asking rent £693.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 Riding Mill area. In last 1 year alone average price buyer paid is around £519,648 based on approximately 6 sales in Riding Mill area alone. If you compare it to last 3 years sales of 40 properties where buyers paid around £412,525. 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 £386,312 for 70 and average amount paid for purchase of approx. 86 properties sold in last 7 years comes to about £372,852 per sale.

 
 

Properties For Sale in Riding Mill

 
 

Breakdown of asking prices for homes of different sizes show that price varies clearly based on no of bedrooms and type of house. Asking price for a house with 2 bedroom is around £324,975, £425,000 for a 3 bedroom house, £347,500 for a 4 bedroom house and £736,667 for a 5 bedroom house. For a flat the prices of 2 bedroom is £98,975. To sum up the asking prices for properties in Riding Mill it comes to around average £211,975 for 2 bedroom property, £425,000 for 3 bedroom, £347,500 for 4 bedroom and £736,667 for 5 bedroom.

Rent per calendar month varies similarly based on type and size of the house. If you look at the rents per month for houses alone it is £693 for 3 bedroom. You should be generally be expecting around average £693 rent per month for 3 bedroom property in Riding Mill area.

Popular Houses in Riding Mill

Disclaimer : Location real estate estimates and values are based on House price index background data and Sales data provided by United Kingdom Land registry Records available as public records from their website. This information is updated monthly on our website and may not reflect all public transactions. This information is based on estimated calculation generated from our developed algorithms. We are striving to make this information as accurate and useful as possible. This data covers the transactions received at Land Registry in the period 1/1/1995 to 9/1/2014. © Crown copyright 2014. Data produced by Land Registry © Crown copyright 2014.

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