Values have been changing and have risen £170 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £114 in last 6 months, £2,642 in last 1 year, £4,080 in last 2 years, £6,295 in last 3 years, £4,834 in last 4 years and £4,022 in last 5 years.
Currently average asking price of a property in Shannon Road, Hull, HU8 is around £128,439 based on approximately 5 properties for sale. Same is the case with rental options based on 84 properties up for rent, average asking rent is around £602 per month.
Estimated property value in Shannon Road, Hull, HU8 is £70,285. Average asking price is £128,439 while average price paid is £53,700 which is up by £2,642 and Avg. asking rent £602.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 Shannon Road, Hull, HU8 area. In last 1 year alone average price buyer paid is around £53,700 based on approximately 5 sales in Shannon Road, Hull, HU8 area alone. If you compare it to last 3 years sales of 13 properties where buyers paid around £58,500. 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 £60,033 for 15 and average amount paid for purchase of approx. 19 properties sold in last 7 years comes to about £62,000 per sale.