Average Price for property in NE41 is around £315,641 which varies based on type of property you are interested in and ranges from £414,914 for detached house to around £319,806 for semi-detached. Similarly terraced house is around £260,267 and a flat is worth £247,161. Values have been changing and have risen £509 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £2,302 in last 6 months, £20,484 in last 1 year, £26,313 in last 2 years, £37,494 in last 3 years, £22,286 in last 4 years and £18,978 in last 5 years.
Currently average asking price of a property in NE41 is around £340,960 based on approximately 26 properties for sale. Same is the case with rental options based on 11 properties up for rent, average asking rent is around £514 per month.
Estimated property value in NE41 is £315,641. Average asking price is £340,960 while average price paid is £281,313 which is up by £20,484 and Avg. asking rent £514.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 NE41 area. In last 1 year alone average price buyer paid is around £281,313 based on approximately 26 sales in NE41 area alone. If you compare it to last 3 years sales of 82 properties where buyers paid around £278,088. 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 £269,218 for 138 and average amount paid for purchase of approx. 190 properties sold in last 7 years comes to about £267,379 per sale.