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.