Values have been changing and have risen £665 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £2,250 in last 6 months, £5,287 in last 1 year, £9,165 in last 2 years, £12,066 in last 3 years, £5,470 in last 4 years and £4,895 in last 5 years.
Currently average asking price of a property in Mortimer Road, South Shields, NE33 is around £124,690 based on approximately 2 properties for sale. Same is the case with rental options based on 232 properties up for rent, average asking rent is around £545 per month.
Estimated property value in Mortimer Road, South Shields, NE33 is £125,843. Average asking price is £124,690 while average price paid is £81,475 which is up by £5,287 and Avg. asking rent £545.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 Mortimer Road, South Shields, NE33 area. In last 1 year alone average price buyer paid is around £81,475 based on approximately 2 sales in Mortimer Road, South Shields, NE33 area alone. If you compare it to last 3 years sales of 7 properties where buyers paid around £93,850. 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 £106,695 for 10 and average amount paid for purchase of approx. 12 properties sold in last 7 years comes to about £119,400 per sale.