Average Price for property in Whitley Bay is around £211,043 which varies based on type of property you are interested in and ranges from £321,138 for detached house to around £222,708 for semi-detached. Similarly terraced house is around £194,820 and a flat is worth £123,371. Values have been changing and have risen £43 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £1,651 in last 6 months, £16,184 in last 1 year, £26,229 in last 2 years, £26,315 in last 3 years, £27,687 in last 4 years and £25,896 in last 5 years.
Currently average asking price of a property in Whitley Bay is around £199,808 based on approximately 782 properties for sale. Same is the case with rental options based on 119 properties up for rent, average asking rent is around £561 per month.
Estimated property value in Whitley Bay is £211,043. Average asking price is £199,808 while average price paid is £192,551 which is up by £16,184 and Avg. asking rent £561.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 Whitley Bay area. In last 1 year alone average price buyer paid is around £192,551 based on approximately 782 sales in Whitley Bay area alone. If you compare it to last 3 years sales of 2,304 properties where buyers paid around £185,401. 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 £183,911 for 3,659 and average amount paid for purchase of approx. 4,690 properties sold in last 7 years comes to about £181,639 per sale.