Values have been changing and have risen £831 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £583 in last 6 months, £1,811 in last 1 year, £8,703 in last 2 years, £8,660 in last 3 years, £2,029 in last 4 years and £6,910 in last 5 years.
Currently average asking price of a property in The Esplanade, Sunderland, SR2 is around £153,098 based on approximately 2 properties for sale. Same is the case with rental options based on 318 properties up for rent, average asking rent is around £625 per month.
Estimated property value in The Esplanade, Sunderland, SR2 is £209,328. Average asking price is £153,098 while average price paid is £119,000 which is up by £1,811 and Avg. asking rent £625.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 The Esplanade, Sunderland, SR2 area. In last 1 year alone average price buyer paid is around £119,000 based on approximately 2 sales in The Esplanade, Sunderland, SR2 area alone. If you compare it to last 3 years sales of 3 properties where buyers paid around £114,600. 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 £164,300 for 16 and average amount paid for purchase of approx. 24 properties sold in last 7 years comes to about £175,679 per sale.