Values have been changing and have risen £358 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £1,161 in last 6 months, £5,493 in last 1 year, £3,750 in last 2 years, £11,883 in last 3 years, £6,618 in last 4 years and £6,109 in last 5 years.
Currently average asking price of a property in Old Durham Road, Gateshead, NE8 is around £124,233 based on approximately 4 properties for sale. Same is the case with rental options based on 262 properties up for rent, average asking rent is around £606 per month.
Estimated property value in Old Durham Road, Gateshead, NE8 is £97,510. Average asking price is £124,233 while average price paid is £55,750 which is up by £5,493 and Avg. asking rent £606.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 Old Durham Road, Gateshead, NE8 area. In last 1 year alone average price buyer paid is around £55,750 based on approximately 4 sales in Old Durham Road, Gateshead, NE8 area alone. If you compare it to last 3 years sales of 6 properties where buyers paid around £68,583. 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 £70,545 for 11 and average amount paid for purchase of approx. 14 properties sold in last 7 years comes to about £80,214 per sale.