Average Price for property in County Durham is around £140,721 which varies based on type of property you are interested in and ranges from £228,931 for detached house to around £128,812 for semi-detached. Similarly terraced house is around £94,300 and a flat is worth £115,649. Values have been changing and have risen £487 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £12 in last 6 months, £4,309 in last 1 year, £10,188 in last 2 years, £9,405 in last 3 years, £7,483 in last 4 years and £5,474 in last 5 years.
Currently average asking price of a property in County Durham is around £157,995 based on approximately 9,314 properties for sale. Same is the case with rental options based on 2,592 properties up for rent, average asking rent is around £638 per month.
Estimated property value in County Durham is £140,721. Average asking price is £157,995 while average price paid is £134,224 which is up by £4,309 and Avg. asking rent £638.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 County Durham area. In last 1 year alone average price buyer paid is around £134,224 based on approximately 9,314 sales in County Durham area alone. If you compare it to last 3 years sales of 28,114 properties where buyers paid around £130,562. 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 £130,714 for 45,327 and average amount paid for purchase of approx. 63,849 properties sold in last 7 years comes to about £130,784 per sale.