Average Price for property in NE37 is around £118,917 which varies based on type of property you are interested in and ranges from £238,523 for detached house to around £121,343 for semi-detached. Similarly terraced house is around £91,172 and a flat is worth £59,789. Values have been changing and have risen £505 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £1,106 in last 6 months, £6,218 in last 1 year, £9,630 in last 2 years, £13,040 in last 3 years, £7,959 in last 4 years and £5,807 in last 5 years.
Currently average asking price of a property in NE37 is around £102,245 based on approximately 171 properties for sale. Same is the case with rental options based on 50 properties up for rent, average asking rent is around £647 per month.
Estimated property value in NE37 is £118,917. Average asking price is £102,245 while average price paid is £101,985 which is up by £6,218 and Avg. asking rent £647.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 NE37 area. In last 1 year alone average price buyer paid is around £101,985 based on approximately 171 sales in NE37 area alone. If you compare it to last 3 years sales of 481 properties where buyers paid around £110,080. 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 £106,913 for 775 and average amount paid for purchase of approx. 1,071 properties sold in last 7 years comes to about £108,702 per sale.