Shildon

Area Guide For Shildon

Shildon Locomotion Museum is a railway museum in Shildon, County Durham, England. The museum is a branch of the National Railway Museum (NRM), which is part of the National Museum of Science and Industry (NMSI). Shildon acts as an annex, with the most important exhibits on display in the NRM's headquarters at York, though exhibits are regularly rotated. The museum was built during 2004 at a cost of £11.3 million, and is based on the former "Timothy Hackworth Victorian Railway Museum". The museum was expected to bring 60,000 visitors a year to the small County Durham town. However, during its first six months, the museum attracted 94,000 visitors. It was shortlisted as one of the final five contenders in The Gulbenkian Prize which is "the largest arts prize in the United Kingdom". The Locomotion Museum is sited near Timothy Hackworth's Soho Works on the Stockton and Darlington Railway (opened on 27 September 1825 with a train hauled by Locomotion No 1 which took 2 hours to complete the 12 mile journey from Shildon to Darlington). Shildon railway station, on the Darlington to Bishop Auckland Tees Valley Line was rebuilt and modernised as part of the museum's construction and is

 
 

Shildon Map

Estimated Price: £79,200
Average Asking Price: £100,256
Price change in last one year: £3,932
Average Price Paid: £75,667
Average Rent Rates: £402

 
 

Property Prices Breakdown in Shildon

Average Price for property in Shildon is around £79,200 which varies based on type of property you are interested in and ranges from £148,868 for detached house to around £85,457 for semi-detached. Similarly terraced house is around £63,307 and a flat is worth £56,461. Values have been changing and have risen £678 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £1,255 in last 6 months, £3,932 in last 1 year, £3,452 in last 2 years, £6,513 in last 3 years, £110 in last 4 years and £4,807 in last 5 years.

Currently average asking price of a property in Shildon is around £100,256 based on approximately 126 properties for sale. Same is the case with rental options based on 67 properties up for rent, average asking rent is around £402 per month.

Estimated property value in Shildon is £79,200. Average asking price is £100,256 while average price paid is £90,868 which is up by £3,932 and Avg. asking rent £402.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 Shildon area. In last 1 year alone average price buyer paid is around £90,868 based on approximately 126 sales in Shildon area alone. If you compare it to last 3 years sales of 323 properties where buyers paid around £78,661. 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 £75,667 for 506 and average amount paid for purchase of approx. 707 properties sold in last 7 years comes to about £76,883 per sale.

 
 

Properties For Sale in Shildon

 
 

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 1 bedroom is around £42,461, £62,920 for a 2 bedroom house, £105,135 for a 3 bedroom house, £216,042 for a 4 bedroom house and £229,950 for a 5 bedroom house. For a flat the prices of 2 bedroom is £50,648. To sum up the asking prices for properties in Shildon it comes to around average £42,461 for 1 bedroom property, £62,362 for 2 bedroom, £105,135 for 3 bedroom, £216,042 for 4 bedroom and £229,950 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 £385 for 2 bedroom to £427 for 3 bedroom and £550 for 4 bedroom. But if you are interested in renting a 2 bedroom flat then rent per month can be around £351. You should be generally be expecting around average £384 rent per month for 2 bedroom property, £427 for 3 bedroom and approximately £550 for 4 bedroom property in Shildon area.

Popular Houses in Shildon

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.

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