Average Price for property in Ridgeway, Lanchester, Durham, DH7 is around £168,616 which varies based on type of property you are interested in and ranges from £146,189 for detached house to around £176,093 for semi-detached. Values have been changing and have risen £1,100 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £4,229 in last 6 months, £10,317 in last 1 year, £11,971 in last 2 years, £16,373 in last 3 years, £11,076 in last 4 years and £8,955 in last 5 years.
Currently average asking price of a property in Ridgeway, Lanchester, Durham, DH7 is around £152,498 based on approximately 2 properties for sale. Same is the case with rental options based on 118 properties up for rent, average asking rent is around £604 per month.
Estimated property value in Ridgeway, Lanchester, Durham, DH7 is £168,616. Average asking price is £152,498 while average price paid is £97,500 which is up by £10,317 and Avg. asking rent £604.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 Ridgeway, Lanchester, Durham, DH7 area. In last 1 year alone average price buyer paid is around £97,500 based on approximately 2 sales in Ridgeway, Lanchester, Durham, DH7 area alone. If you compare it to last 3 years sales of 3 properties where buyers paid around £107,333. 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 £107,333 for 3 and average amount paid for purchase of approx. 3 properties sold in last 7 years comes to about £107,333 per sale.