Average Price for property in NE18 is around £402,686 which varies based on type of property you are interested in and ranges from £580,886 for detached house to around £302,051 for semi-detached. Similarly terraced house is around £249,079 and a flat is worth £135,370. Values have been changing and have risen £896 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £3,572 in last 6 months, £25,855 in last 1 year, £32,671 in last 2 years, £47,339 in last 3 years, £26,676 in last 4 years and £23,238 in last 5 years.
Currently average asking price of a property in NE18 is around £427,424 based on approximately 9 properties for sale. Same is the case with rental options based on 8 properties up for rent, average asking rent is around £681 per month.
Estimated property value in NE18 is £402,686. Average asking price is £427,424 while average price paid is £306,555 which is up by £25,855 and Avg. asking rent £681.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 NE18 area. In last 1 year alone average price buyer paid is around £306,555 based on approximately 9 sales in NE18 area alone. If you compare it to last 3 years sales of 23 properties where buyers paid around £275,056. 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 £288,993 for 41 and average amount paid for purchase of approx. 52 properties sold in last 7 years comes to about £279,470 per sale.