Wingate

Area Guide For Wingate

Wingate is a town in County Durham, England. Wingate is a previous pit town with a mixture of nineteenth century, post-war, and later lodging advancements. It was initially inhabited by around 30 agriculturists before 1839 when coal was found. It is spotted in the East of County Durham, three miles south west of Peterlee, and seven miles North West of Hartlepool. Similarly as with most towns in the region, it became quickly with the advancement of coal-mining in the area. The name Wingate is said to get from the Anglo-Saxon words windig (breezy) and geat (street) significance blustery street. Like all County Durham towns, inhabitants are known to talk the pitmatic tongue albeit new lodging advancements have brought numerous working class occupants to the town.

 
 

Wingate Map

Estimated Price: £116,426
Average Asking Price: £132,435
Price change in last one year: £3,035
Average Price Paid: £91,891
Average Rent Rates: £467

 
 

Property Prices Breakdown in Wingate

Average Price for property in Wingate is around £116,426 which varies based on type of property you are interested in and ranges from £180,071 for detached house to around £92,213 for semi-detached. Similarly terraced house is around £81,454 and a flat is worth £99,209. Values have been changing and have risen £407 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £264 in last 6 months, £3,035 in last 1 year, £9,425 in last 2 years, £8,683 in last 3 years, £8,222 in last 4 years and £5,982 in last 5 years.

Currently average asking price of a property in Wingate is around £132,435 based on approximately 62 properties for sale. Same is the case with rental options based on 27 properties up for rent, average asking rent is around £467 per month.

Estimated property value in Wingate is £116,426. Average asking price is £132,435 while average price paid is £90,733 which is up by £3,035 and Avg. asking rent £467.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 Wingate area. In last 1 year alone average price buyer paid is around £90,733 based on approximately 62 sales in Wingate area alone. If you compare it to last 3 years sales of 154 properties where buyers paid around £89,195. 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 £91,891 for 244 and average amount paid for purchase of approx. 382 properties sold in last 7 years comes to about £99,073 per sale.

 
 

Properties For Sale in Wingate

 
 

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 £69,950, £70,399 for a 2 bedroom house, £109,050 for a 3 bedroom house, £228,269 for a 4 bedroom house and £232,129 for a 5 bedroom house. For a flat the prices of single bedroom is £18,000. To sum up the asking prices for properties in Wingate it comes to around average £43,975 for 1 bedroom property, £70,399 for 2 bedroom, £109,050 for 3 bedroom, £228,269 for 4 bedroom and £232,129 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 £396 for 2 bedroom to £472 for 3 bedroom, £596 for 4 bedroom and £594 for 5 bedroom. You should be generally be expecting around average £396 rent per month for 2 bedroom property, £472 for 3 bedroom, £596 for 4 bedroom and approximately £594 for 5 bedroom property in Wingate area.

Popular Houses in Wingate

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.

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