Values have been changing and have risen £576 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £2,071 in last 6 months, £11,138 in last 1 year, £17,220 in last 2 years, £22,663 in last 3 years, £17,231 in last 4 years and £13,979 in last 5 years.
Currently average asking price of a property in North Parade, Whitley Bay, NE26 is around £220,015 based on approximately 5 properties for sale. Same is the case with rental options based on 61 properties up for rent, average asking rent is around £572 per month.
Estimated property value in North Parade, Whitley Bay, NE26 is £196,939. Average asking price is £220,015 while average price paid is £191,490 which is up by £11,138 and Avg. asking rent £572.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 North Parade, Whitley Bay, NE26 area. In last 1 year alone average price buyer paid is around £191,490 based on approximately 5 sales in North Parade, Whitley Bay, NE26 area alone. If you compare it to last 3 years sales of 10 properties where buyers paid around £166,715. 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 £159,011 for 13 and average amount paid for purchase of approx. 15 properties sold in last 7 years comes to about £159,576 per sale.