Sunderland Road, South Shields, NE34

Street Guide For Sunderland Road, South Shields, NE34

 

Sunderland Road, South Shields, NE34 Map

Estimated Price: £247,674
Average Asking Price: £143,345
Price change in last one year: £15,776
Average Price Paid: £182,540
Average Rent Rates: £634

 

Property Prices Breakdown in Sunderland Road, South Shields, NE34

Average Price for property in Sunderland Road, South Shields, NE34 is around £247,674 which varies based on type of property you are interested in and ranges from £411,448 for detached house to around £239,204 for semi-detached. Similarly terraced house is around £260,286 and a flat is worth £81,145. Values have been changing and have risen £192 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £527 in last 6 months, £15,776 in last 1 year, £17,881 in last 2 years, £26,087 in last 3 years, £18,677 in last 4 years and £14,816 in last 5 years.

Currently average asking price of a property in Sunderland Road, South Shields, NE34 is around £143,345 based on approximately 7 properties for sale. Same is the case with rental options based on 80 properties up for rent, average asking rent is around £634 per month.

Estimated property value in Sunderland Road, South Shields, NE34 is £247,674. Average asking price is £143,345 while average price paid is £268,570 which is up by £15,776 and Avg. asking rent £634.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, South Shields, NE34 area. In last 1 year alone average price buyer paid is around £268,570 based on approximately 7 sales in Sunderland Road, South Shields, NE34 area alone. If you compare it to last 3 years sales of 23 properties where buyers paid around £189,323. 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 £182,540 for 36 and average amount paid for purchase of approx. 47 properties sold in last 7 years comes to about £190,593 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 2 bedroom is around £113,912, £144,644 for a 3 bedroom house, £249,023 for a 4 bedroom house and £326,700 for a 5 bedroom house. For a flat similarly the prices varies from £52,989 for a single bedroom to £74,951 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £77,953 and £86,475 for a 4 bedroom flat. To sum up the asking prices for properties in Sunderland Road, South Shields, NE34 it comes to around average £52,989 for 1 bedroom property, £99,188 for 2 bedroom, £140,695 for 3 bedroom, £243,944 for 4 bedroom and £326,700 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 £377 for 1 bedroom to £505 for 2 bedroom, £558 for 3 bedroom and £823 for 4 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £420. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £436, £457 for 3 bedroom and £550 for 4 bedroom. You should be generally be expecting around average £398 rent per month for single bedroom property, £454 for 2 bedroom, £524 for 3 bedroom and approximately £686 for 4 bedroom property in Sunderland Road, South Shields, NE34 area.

Popular Houses in Sunderland Road, South Shields, NE34

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 Sunderland Road, South Shields, NE34