Riding Mill, NE44

Street Guide For Riding Mill, NE44

 

Riding Mill, NE44 Map

Estimated Price: £503,547
Average Asking Price: £541,908
Price change in last one year: £32,227
Average Price Paid: £506,039
Average Rent Rates: £693

 

Property Prices Breakdown in Riding Mill, NE44

Average Price for property in Riding Mill, NE44 is around £503,547 which varies based on type of property you are interested in and ranges from £590,699 for detached house to around £343,767 for semi-detached. Similarly terraced house is around £209,104 and a flat is worth £217,037. Values have been changing and have risen £1,509 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £5,377 in last 6 months, £32,227 in last 1 year, £40,178 in last 2 years, £59,246 in last 3 years, £31,290 in last 4 years and £26,224 in last 5 years.

Currently average asking price of a property in Riding Mill, NE44 is around £541,908 based on approximately 3 properties for sale. Same is the case with rental options based on 1 properties up for rent, average asking rent is around £693 per month.

Estimated property value in Riding Mill, NE44 is £503,547. Average asking price is £541,908 while average price paid is £650,333 which is up by £32,227 and Avg. asking rent £693.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 Riding Mill, NE44 area. In last 1 year alone average price buyer paid is around £650,333 based on approximately 3 sales in Riding Mill, NE44 area alone. If you compare it to last 3 years sales of 10 properties where buyers paid around £582,060. 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 £506,039 for 15 and average amount paid for purchase of approx. 18 properties sold in last 7 years comes to about £500,588 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 £324,975, £425,000 for a 3 bedroom house, £347,500 for a 4 bedroom house and £736,667 for a 5 bedroom house. For a flat the prices of 2 bedroom is £98,975. To sum up the asking prices for properties in Riding Mill, NE44 it comes to around average £211,975 for 2 bedroom property, £425,000 for 3 bedroom, £347,500 for 4 bedroom and £736,667 for 5 bedroom.

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 is £693 for 3 bedroom. You should be generally be expecting around average £693 rent per month for 3 bedroom property in Riding Mill, NE44 area.

Popular Houses in Riding Mill, NE44

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 Riding Mill, NE44