Average Price for property in Melrose Avenue, Murton, Seaham, SR7 is around £119,572 which varies based on type of property you are interested in and ranges from £156,981 for detached house to around £126,041 for semi-detached. Similarly terraced house is around £106,129. Values have been changing and have risen £1,055 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £1,350 in last 6 months, £1,646 in last 1 year, £3,792 in last 2 years, £4,319 in last 3 years, £1,199 in last 4 years and £245 in last 5 years.
Currently average asking price of a property in Melrose Avenue, Murton, Seaham, SR7 is around £134,175 based on approximately 5 properties for sale. Same is the case with rental options based on 82 properties up for rent, average asking rent is around £1,983 per month.
Estimated property value in Melrose Avenue, Murton, Seaham, SR7 is £119,572. Average asking price is £134,175 while average price paid is £113,789 which is up by £1,646 and Avg. asking rent £1,983.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 Melrose Avenue, Murton, Seaham, SR7 area. In last 1 year alone average price buyer paid is around £113,789 based on approximately 5 sales in Melrose Avenue, Murton, Seaham, SR7 area alone. If you compare it to last 3 years sales of 7 properties where buyers paid around £109,277. 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 £114,194 for 10 and average amount paid for purchase of approx. 10 properties sold in last 7 years comes to about £114,194 per sale.