Values have been changing and have risen £267 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £645 in last 6 months, £7,676 in last 1 year, £8,510 in last 2 years, £12,050 in last 3 years, £8,081 in last 4 years and £5,189 in last 5 years.
Currently average asking price of a property in Makendon Street, Hebburn, NE31 is around £138,824 based on approximately 4 properties for sale. Same is the case with rental options based on 52 properties up for rent, average asking rent is around £742 per month.
Estimated property value in Makendon Street, Hebburn, NE31 is £110,397. Average asking price is £138,824 while average price paid is £87,650 which is up by £7,676 and Avg. asking rent £742.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 Makendon Street, Hebburn, NE31 area. In last 1 year alone average price buyer paid is around £87,650 based on approximately 4 sales in Makendon Street, Hebburn, NE31 area alone. If you compare it to last 3 years sales of 13 properties where buyers paid around £98,088. 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 £101,067 for 17 and average amount paid for purchase of approx. 25 properties sold in last 7 years comes to about £104,643 per sale.