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.