Average Price for property in Ridgeside, Kirk Merrington, Spennymoor, DL16 is around £191,091 which varies based on type of property you are interested in and ranges from £229,208 for detached house to around £173,128 for semi-detached. Similarly terraced house is around £141,878. Values have been changing and have risen £1,495 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £4,037 in last 6 months, £2,810 in last 1 year, £9,168 in last 2 years, £7,336 in last 3 years, £3,810 in last 4 years and £2,883 in last 5 years.
Currently average asking price of a property in Ridgeside, Kirk Merrington, Spennymoor, DL16 is around £159,395 based on approximately 2 properties for sale. Same is the case with rental options based on 43 properties up for rent, average asking rent is around £1,265 per month.
Estimated property value in Ridgeside, Kirk Merrington, Spennymoor, DL16 is £191,091. Average asking price is £159,395 while average price paid is £144,000 which is up by £2,810 and Avg. asking rent £1,265.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 Ridgeside, Kirk Merrington, Spennymoor, DL16 area. In last 1 year alone average price buyer paid is around £144,000 based on approximately 2 sales in Ridgeside, Kirk Merrington, Spennymoor, DL16 area alone. If you compare it to last 3 years sales of 4 properties where buyers paid around £172,000. 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 £163,214 for 7 and average amount paid for purchase of approx. 8 properties sold in last 7 years comes to about £163,431 per sale.