Average Price for property in NE71 is around £183,149 which varies based on type of property you are interested in and ranges from £265,948 for detached house to around £146,535 for semi-detached. Similarly terraced house is around £128,113 and a flat is worth £88,503. Values have been changing and have risen £412 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £1,561 in last 6 months, £11,767 in last 1 year, £15,235 in last 2 years, £21,671 in last 3 years, £12,489 in last 4 years and £11,097 in last 5 years.
Currently average asking price of a property in NE71 is around £212,442 based on approximately 25 properties for sale. Same is the case with rental options based on 9 properties up for rent, average asking rent is around £525 per month.
Estimated property value in NE71 is £183,149. Average asking price is £212,442 while average price paid is £218,112 which is up by £11,767 and Avg. asking rent £525.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 NE71 area. In last 1 year alone average price buyer paid is around £218,112 based on approximately 25 sales in NE71 area alone. If you compare it to last 3 years sales of 81 properties where buyers paid around £178,425. 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 £171,541 for 133 and average amount paid for purchase of approx. 170 properties sold in last 7 years comes to about £172,883 per sale.