Average Price for property in Victoria Terrace, Penshaw, Houghton Le Spring, DH4 is around £93,889 e.g. average price for terraced house is around 93,889. Values have been changing and have risen £322 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £1,640 in last 6 months, £5,200 in last 1 year, £5,820 in last 2 years, £6,676 in last 3 years, £4,234 in last 4 years and £3,884 in last 5 years.
Currently average asking price of a property in Victoria Terrace, Penshaw, Houghton Le Spring, DH4 is around £170,644 based on approximately 2 properties for sale. Same is the case with rental options based on 57 properties up for rent, average asking rent is around £543 per month.
Estimated property value in Victoria Terrace, Penshaw, Houghton Le Spring, DH4 is £93,889. Average asking price is £170,644 while average price paid is £70,500 which is up by £5,200 and Avg. asking rent £543.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 Victoria Terrace, Penshaw, Houghton Le Spring, DH4 area. In last 1 year alone average price buyer paid is around £70,500 based on approximately 2 sales in Victoria Terrace, Penshaw, Houghton Le Spring, DH4 area alone. If you compare it to last 3 years sales of 4 properties where buyers paid around £79,250. 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 £82,800 for 5 and average amount paid for purchase of approx. 5 properties sold in last 7 years comes to about £82,800 per sale.