Welland Close, Peterlee, SR8

Street Guide For Welland Close, Peterlee, SR8

 

Welland Close, Peterlee, SR8 Map

Estimated Price: £67,598
Average Asking Price: £113,589
Price change in last one year: £1,289
Average Price Paid: £57,214
Average Rent Rates: £518

 

Property Prices Breakdown in Welland Close, Peterlee, SR8

Average Price for property in Welland Close, Peterlee, SR8 is around £67,598 which varies based on type of property you are interested in and ranges from £86,428 for detached house to around £66,867 for semi-detached. Similarly terraced house is around £66,989 and a flat is worth £37,002. Values have been changing and have risen £283 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £178 in last 6 months, £1,289 in last 1 year, £3,554 in last 2 years, £3,599 in last 3 years, £1,389 in last 4 years and £1,249 in last 5 years.

Currently average asking price of a property in Welland Close, Peterlee, SR8 is around £113,589 based on approximately 1 properties for sale. Same is the case with rental options based on 115 properties up for rent, average asking rent is around £518 per month.

Estimated property value in Welland Close, Peterlee, SR8 is £67,598. Average asking price is £113,589 while average price paid is £52,500 which is up by £1,289 and Avg. asking rent £518.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 Welland Close, Peterlee, SR8 area. In last 1 year alone average price buyer paid is around £52,500 based on approximately 1 sales in Welland Close, Peterlee, SR8 area alone. If you compare it to last 3 years sales of 6 properties where buyers paid around £52,583. 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 £57,214 for 7 and average amount paid for purchase of approx. 7 properties sold in last 7 years comes to about £57,214 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 1 bedroom is around £81,250, £71,164 for a 2 bedroom house, £107,510 for a 3 bedroom house, £194,468 for a 4 bedroom house and £279,975 for a 5 bedroom house. For a flat similarly the prices varies from £70,748 for a single bedroom to £83,424 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £93,975. To sum up the asking prices for properties in Welland Close, Peterlee, SR8 it comes to around average £75,999 for 1 bedroom property, £72,734 for 2 bedroom, £107,366 for 3 bedroom, £194,468 for 4 bedroom and £279,975 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 £392 for 2 bedroom to £428 for 3 bedroom and £516 for 4 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £349. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £422 and £368 for 3 bedroom. You should be generally be expecting around average £349 rent per month for single bedroom property, £394 for 2 bedroom, £426 for 3 bedroom and approximately £516 for 4 bedroom property in Welland Close, Peterlee, SR8 area.

Popular Houses in Welland Close, Peterlee, SR8

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 Welland Close, Peterlee, SR8