Average Price for property in Spencer Drive, Pegswood, Morpeth, NE61 is around £88,415 which varies based on type of property you are interested in and ranges from £103,213 for semi-detached to around £81,017 for terraced house. Values have been changing and have risen £305 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £646 in last 6 months, £4,693 in last 1 year, £6,646 in last 2 years, £9,465 in last 3 years, £6,715 in last 4 years and £4,765 in last 5 years.
Currently average asking price of a property in Spencer Drive, Pegswood, Morpeth, NE61 is around £298,258 based on approximately 1 properties for sale. Same is the case with rental options based on 68 properties up for rent, average asking rent is around £860 per month.
Estimated property value in Spencer Drive, Pegswood, Morpeth, NE61 is £88,415. Average asking price is £298,258 while average price paid is £81,000 which is up by £4,693 and Avg. asking rent £860.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 Spencer Drive, Pegswood, Morpeth, NE61 area. In last 1 year alone average price buyer paid is around £81,000 based on approximately 1 sales in Spencer Drive, Pegswood, Morpeth, NE61 area alone. If you compare it to last 3 years sales of 2 properties where buyers paid around £71,750. 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 £78,166 for 3 and average amount paid for purchase of approx. 3 properties sold in last 7 years comes to about £78,166 per sale.