Values have been changing and have risen £476 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £1,606 in last 6 months, £4,653 in last 1 year, £6,960 in last 2 years, £10,476 in last 3 years, £4,839 in last 4 years and £3,683 in last 5 years.
Currently average asking price of a property in Melrose Terrace, Bedlington, NE22 is around £156,811 based on approximately 1 properties for sale. Same is the case with rental options based on 42 properties up for rent, average asking rent is around £464 per month.
Estimated property value in Melrose Terrace, Bedlington, NE22 is £92,418. Average asking price is £156,811 while average price paid is £65,000 which is up by £4,653 and Avg. asking rent £464.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 Terrace, Bedlington, NE22 area. In last 1 year alone average price buyer paid is around £65,000 based on approximately 1 sales in Melrose Terrace, Bedlington, NE22 area alone. If you compare it to last 3 years sales of 2 properties where buyers paid around £75,000. 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 £62,500 for 4 and average amount paid for purchase of approx. 11 properties sold in last 7 years comes to about £74,000 per sale.