Values have been changing and have risen £583 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £409 in last 6 months, £1,270 in last 1 year, £6,102 in last 2 years, £6,075 in last 3 years, £1,430 in last 4 years and £4,852 in last 5 years.
Currently average asking price of a property in Otto Terrace, Sunderland, SR2 is around £153,098 based on approximately 6 properties for sale. Same is the case with rental options based on 318 properties up for rent, average asking rent is around £625 per month.
Estimated property value in Otto Terrace, Sunderland, SR2 is £136,572. Average asking price is £153,098 while average price paid is £120,491 which is up by £1,270 and Avg. asking rent £625.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 Otto Terrace, Sunderland, SR2 area. In last 1 year alone average price buyer paid is around £120,491 based on approximately 6 sales in Otto Terrace, Sunderland, SR2 area alone. If you compare it to last 3 years sales of 13 properties where buyers paid around £119,915. 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 £122,593 for 15 and average amount paid for purchase of approx. 20 properties sold in last 7 years comes to about £132,442 per sale.