Values have been changing and have risen £647 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £2,325 in last 6 months, £12,512 in last 1 year, £19,342 in last 2 years, £25,456 in last 3 years, £19,357 in last 4 years and £15,703 in last 5 years.
Currently average asking price of a property in Park Parade, Whitley Bay, NE26 is around £220,015 based on approximately 2 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 Park Parade, Whitley Bay, NE26 is £236,172. Average asking price is £220,015 while average price paid is £240,000 which is up by £12,512 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 Park Parade, Whitley Bay, NE26 area. In last 1 year alone average price buyer paid is around £240,000 based on approximately 2 sales in Park Parade, Whitley Bay, NE26 area alone. If you compare it to last 3 years sales of 11 properties where buyers paid around £214,045. 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 £206,333 for 18 and average amount paid for purchase of approx. 21 properties sold in last 7 years comes to about £205,333 per sale.