Values have been changing and have risen £393 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £1,412 in last 6 months, £7,604 in last 1 year, £11,757 in last 2 years, £15,474 in last 3 years, £11,770 in last 4 years and £9,553 in last 5 years.
Currently average asking price of a property in Margaret Road, Whitley Bay, NE26 is around £220,015 based on approximately 3 properties for sale. Same is the case with rental options based on 61 properties up for rent, average asking rent is around £572 per month.
Estimated property value in Margaret Road, Whitley Bay, NE26 is £140,842. Average asking price is £220,015 while average price paid is £104,333 which is up by £7,604 and Avg. asking rent £572.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 Margaret Road, Whitley Bay, NE26 area. In last 1 year alone average price buyer paid is around £104,333 based on approximately 3 sales in Margaret Road, Whitley Bay, NE26 area alone. If you compare it to last 3 years sales of 5 properties where buyers paid around £104,800. 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 £95,500 for 8 and average amount paid for purchase of approx. 18 properties sold in last 7 years comes to about £108,125 per sale.