Average Price for property in Durham is around £161,380 which varies based on type of property you are interested in and ranges from £245,418 for detached house to around £138,592 for semi-detached. Similarly terraced house is around £127,555 and a flat is worth £152,275. Values have been changing and have risen £1,014 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £3,411 in last 6 months, £8,031 in last 1 year, £10,056 in last 2 years, £15,543 in last 3 years, £12,921 in last 4 years and £11,805 in last 5 years.
Currently average asking price of a property in Durham is around £167,274 based on approximately 1,281 properties for sale. Same is the case with rental options based on 447 properties up for rent, average asking rent is around £735 per month.
Estimated property value in Durham is £161,380. Average asking price is £167,274 while average price paid is £146,842 which is up by £8,031 and Avg. asking rent £735.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 Durham area. In last 1 year alone average price buyer paid is around £146,842 based on approximately 1,281 sales in Durham area alone. If you compare it to last 3 years sales of 3,898 properties where buyers paid around £143,786. 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 £143,369 for 6,337 and average amount paid for purchase of approx. 8,837 properties sold in last 7 years comes to about £142,765 per sale.