Ridgeway, Lanchester, Durham, DH7

Street Guide For Ridgeway, Lanchester, Durham, DH7

 

Ridgeway, Lanchester, Durham, DH7 Map

Estimated Price: £168,616
Average Asking Price: £152,498
Price change in last one year: £10,317
Average Price Paid: £107,333
Average Rent Rates: £604

 

Property Prices Breakdown in Ridgeway, Lanchester, Durham, DH7

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.

 
 

Breakdown of asking prices for homes of different sizes show that price varies clearly based on no of bedrooms and type of house. Asking price for a house with 2 bedroom is around £83,142, £125,012 for a 3 bedroom house, £254,310 for a 4 bedroom house and £423,445 for a 5 bedroom house. For a flat similarly the prices varies from £64,995 for a single bedroom to £71,862 for a 2 bedroom Flat. To sum up the asking prices for properties in Ridgeway, Lanchester, Durham, DH7 it comes to around average £64,995 for 1 bedroom property, £82,800 for 2 bedroom, £125,012 for 3 bedroom, £254,310 for 4 bedroom and £423,445 for a 5 bedroom property.

Rent per calendar month varies similarly based on type and size of the house. If you look at the rents per month for houses alone it can vary from £515 for 1 bedroom to £454 for 2 bedrooms, £496 for 3 bedrooms, £802 for 4 bedrooms and £598 for 5 bedrooms house. But if you are interested in renting a 1 bedroom flat then rent per month can be around £377. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £431. You should be generally be expecting around average £426 rent per month for single bedroom property, £451 for 2 bedroom, £496 for 3 bedroom, £802 for 4 bedroom and approximately £598 for a 5 bedroom property in Ridgeway, Lanchester, Durham, DH7 area.

Popular Houses in Ridgeway, Lanchester, Durham, DH7

Disclaimer : Location real estate estimates and values are based on House price index background data and Sales data provided by United Kingdom Land registry Records available as public records from their website. This information is updated monthly on our website and may not reflect all public transactions. This information is based on estimated calculation generated from our developed algorithms. We are striving to make this information as accurate and useful as possible. This data covers the transactions received at Land Registry in the period 1/1/1995 to 9/1/2014. © Crown copyright 2014. Data produced by Land Registry © Crown copyright 2014.

Areas in and around Ridgeway, Lanchester, Durham, DH7