Values have been changing and have risen £357 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £1,159 in last 6 months, £5,485 in last 1 year, £3,743 in last 2 years, £11,864 in last 3 years, £6,605 in last 4 years and £6,097 in last 5 years.
Currently average asking price of a property in Sunderland Road, Gateshead, NE8 is around £124,233 based on approximately 13 properties for sale. Same is the case with rental options based on 262 properties up for rent, average asking rent is around £606 per month.
Estimated property value in Sunderland Road, Gateshead, NE8 is £99,236. Average asking price is £124,233 while average price paid is £160,119 which is up by £5,485 and Avg. asking rent £606.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 Sunderland Road, Gateshead, NE8 area. In last 1 year alone average price buyer paid is around £160,119 based on approximately 13 sales in Sunderland Road, Gateshead, NE8 area alone. If you compare it to last 3 years sales of 16 properties where buyers paid around £151,468. 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 £135,200 for 20 and average amount paid for purchase of approx. 31 properties sold in last 7 years comes to about £131,409 per sale.