Somerset Road, Hebburn, NE31

Street Guide For Somerset Road, Hebburn, NE31

 

Somerset Road, Hebburn, NE31 Map

Estimated Price: £116,227
Average Asking Price: £138,824
Price change in last one year: £7,586
Average Price Paid: £93,666
Average Rent Rates: £742

 

Property Prices Breakdown in Somerset Road, Hebburn, NE31

Average Price for property in Somerset Road, Hebburn, NE31 is around £116,227 which varies based on type of property you are interested in and ranges from £115,734 for semi-detached to around £117,215 for terraced house. Values have been changing and have risen £264 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £638 in last 6 months, £7,586 in last 1 year, £8,410 in last 2 years, £11,911 in last 3 years, £7,987 in last 4 years and £5,130 in last 5 years.

Currently average asking price of a property in Somerset Road, Hebburn, NE31 is around £138,824 based on approximately 0 properties for sale. Same is the case with rental options based on 52 properties up for rent, average asking rent is around £742 per month.

Estimated property value in Somerset Road, Hebburn, NE31 is £116,227. Average asking price is £138,824 while average price paid is £106,500 which is up by £11,911 and Avg. asking rent £742.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 Somerset Road, Hebburn, NE31 area. In last 3 years alone average price buyer paid is around £106,500 based on approximately 2 sales in Somerset Road, Hebburn, NE31 area alone. If you compare it to last 5 years sales of 3 properties where buyers paid around £93,666. It has been same for some time now for e.g. if you take an average of amount paid in last 7 years, it comes to around £97,125 for 4 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 1 bedroom is around £79,950, £104,908 for a 2 bedroom house, £142,281 for a 3 bedroom house, £209,857 for a 4 bedroom house and £319,967 for a 5 bedroom house. For a flat similarly the prices varies from £64,950 for a single bedroom to £72,998 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £72,177. To sum up the asking prices for properties in Somerset Road, Hebburn, NE31 it comes to around average £72,450 for 1 bedroom property, £87,464 for 2 bedroom, £135,497 for 3 bedroom, £209,857 for 4 bedroom and £319,967 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 £315 for 1 bedroom to £485 for 2 bedroom and £535 for 3 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £472. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £429, £481 for 3 bedroom and £451 for 4 bedroom. You should be generally be expecting around average £360 rent per month for single bedroom property, £433 for 2 bedroom, £519 for 3 bedroom and approximately £451 for 4 bedroom property in Somerset Road, Hebburn, NE31 area.

Popular Houses in Somerset Road, Hebburn, NE31

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 Somerset Road, Hebburn, NE31