Values have been changing and have risen £444 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £1,341 in last 6 months, £1,662 in last 1 year, £6,927 in last 2 years, £5,536 in last 3 years, £2,461 in last 4 years and £1,449 in last 5 years.
Currently average asking price of a property in Princes Street, Bishop Auckland, DL14 is around £145,685 based on approximately 4 properties for sale. Same is the case with rental options based on 175 properties up for rent, average asking rent is around £500 per month.
Estimated property value in Princes Street, Bishop Auckland, DL14 is £91,947. Average asking price is £145,685 while average price paid is £58,750 which is up by £1,662 and Avg. asking rent £500.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 Princes Street, Bishop Auckland, DL14 area. In last 1 year alone average price buyer paid is around £58,750 based on approximately 4 sales in Princes Street, Bishop Auckland, DL14 area alone. If you compare it to last 3 years sales of 6 properties where buyers paid around £53,333. 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 £62,450 for 11 and average amount paid for purchase of approx. 20 properties sold in last 7 years comes to about £76,697 per sale.