Values have been changing and have risen £134 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £366 in last 6 months, £10,918 in last 1 year, £12,378 in last 2 years, £18,059 in last 3 years, £12,936 in last 4 years and £10,267 in last 5 years.
Currently average asking price of a property in Mortimer Road, South Shields, NE34 is around £143,345 based on approximately 1 properties for sale. Same is the case with rental options based on 80 properties up for rent, average asking rent is around £634 per month.
Estimated property value in Mortimer Road, South Shields, NE34 is £173,956. Average asking price is £143,345 while average price paid is £151,750 which is up by £10,918 and Avg. asking rent £634.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, NE34 area. In last 1 year alone average price buyer paid is around £151,750 based on approximately 1 sales in Mortimer Road, South Shields, NE34 area alone. If you compare it to last 3 years sales of 10 properties where buyers paid around £139,847. 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 £148,630 for 19 and average amount paid for purchase of approx. 27 properties sold in last 7 years comes to about £149,276 per sale.