Average Price for property in NE38 is around £163,229 which varies based on type of property you are interested in and ranges from £276,522 for detached house to around £140,590 for semi-detached. Similarly terraced house is around £103,964 and a flat is worth £86,585. Values have been changing and have risen £328 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £1,529 in last 6 months, £9,004 in last 1 year, £12,098 in last 2 years, £19,555 in last 3 years, £12,522 in last 4 years and £8,708 in last 5 years.
Currently average asking price of a property in NE38 is around £173,811 based on approximately 371 properties for sale. Same is the case with rental options based on 29 properties up for rent, average asking rent is around £591 per month.
Estimated property value in NE38 is £163,229. Average asking price is £173,811 while average price paid is £163,638 which is up by £9,004 and Avg. asking rent £591.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 NE38 area. In last 1 year alone average price buyer paid is around £163,638 based on approximately 371 sales in NE38 area alone. If you compare it to last 3 years sales of 973 properties where buyers paid around £158,695. 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 £154,613 for 1,495 and average amount paid for purchase of approx. 2,007 properties sold in last 7 years comes to about £152,468 per sale.