Wark, Hexham, NE48

Street Guide For Wark, Hexham, NE48

 

Wark, Hexham, NE48 Map

Estimated Price: £287,217
Average Asking Price: £296,598
Price change in last one year: £17,769
Average Price Paid: £206,170
Average Rent Rates: £2,058

 

Property Prices Breakdown in Wark, Hexham, NE48

Average Price for property in Wark, Hexham, NE48 is around £287,217 which varies based on type of property you are interested in and ranges from £373,448 for detached house to around £166,086 for semi-detached. Similarly terraced house is around £180,723 and a flat is worth £116,450. Values have been changing and have risen £628 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £2,417 in last 6 months, £17,769 in last 1 year, £22,857 in last 2 years, £32,628 in last 3 years, £18,841 in last 4 years and £16,562 in last 5 years.

Currently average asking price of a property in Wark, Hexham, NE48 is around £296,598 based on approximately 0 properties for sale. Same is the case with rental options based on 6 properties up for rent, average asking rent is around £2,058 per month.

Estimated property value in Wark, Hexham, NE48 is £287,217. Average asking price is £296,598 while average price paid is £196,666 which is up by £32,628 and Avg. asking rent £2,058.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 Wark, Hexham, NE48 area. In last 3 years alone average price buyer paid is around £196,666 based on approximately 6 sales in Wark, Hexham, NE48 area alone. If you compare it to last 5 years sales of 10 properties where buyers paid around £206,170. It has been same for some time now for e.g. if you take an average of amount paid in last 7 years, it comes to around £184,016 for 15 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 £173,022, £234,558 for a 3 bedroom house, £348,189 for a 4 bedroom house and £577,221 for a 5 bedroom house. For a flat the prices of 2 bedroom is £108,333. To sum up the asking prices for properties in Wark, Hexham, NE48 it comes to around average £162,808 for 2 bedroom property, £234,558 for 3 bedroom, £348,189 for 4 bedroom and £577,221 for 5 bedroom.

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 £490 for 2 bedroom to £524 for 3 bedroom. But if you are interested in renting a 2 bedroom flat then rent per month can be around £351. You should be generally be expecting around average £455 rent per month for 2 bedroom property and approximately £524 for 3 bedroom property in Wark, Hexham, NE48 area.

Popular Houses in Wark, Hexham, NE48

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 Wark, Hexham, NE48