Average Price for property in Railway Terrace, New Herrington, Houghton Le Spring, DH4 is around £61,189 e.g. average price for terraced house is around 61,189. Values have been changing and have risen £225 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £1,147 in last 6 months, £3,640 in last 1 year, £4,076 in last 2 years, £4,677 in last 3 years, £2,972 in last 4 years and £2,727 in last 5 years.
Currently average asking price of a property in Railway Terrace, New Herrington, Houghton Le Spring, DH4 is around £170,644 based on approximately 1 properties for sale. Same is the case with rental options based on 57 properties up for rent, average asking rent is around £543 per month.
Estimated property value in Railway Terrace, New Herrington, Houghton Le Spring, DH4 is £61,189. Average asking price is £170,644 while average price paid is £45,500 which is up by £3,640 and Avg. asking rent £543.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 Railway Terrace, New Herrington, Houghton Le Spring, DH4 area. In last 1 year alone average price buyer paid is around £45,500 based on approximately 1 sales in Railway Terrace, New Herrington, Houghton Le Spring, DH4 area alone. If you compare it to last 3 years sales of 2 properties where buyers paid around £42,750. 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 £58,120 for 5 and average amount paid for purchase of approx. 7 properties sold in last 7 years comes to about £64,657 per sale.