Average Price for property in NE70 is around £209,074 which varies based on type of property you are interested in and ranges from £274,143 for detached house to around £177,541 for semi-detached. Similarly terraced house is around £157,203 and a flat is worth £193,411. Values have been changing and have risen £370 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £1,617 in last 6 months, £13,540 in last 1 year, £17,245 in last 2 years, £24,776 in last 3 years, £14,450 in last 4 years and £12,470 in last 5 years.
Currently average asking price of a property in NE70 is around £214,471 based on approximately 24 properties for sale. Same is the case with rental options based on 5 properties up for rent, average asking rent is around £491 per month.
Estimated property value in NE70 is £209,074. Average asking price is £214,471 while average price paid is £189,633 which is up by £13,540 and Avg. asking rent £491.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 NE70 area. In last 1 year alone average price buyer paid is around £189,633 based on approximately 24 sales in NE70 area alone. If you compare it to last 3 years sales of 63 properties where buyers paid around £168,228. 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 £173,112 for 103 and average amount paid for purchase of approx. 153 properties sold in last 7 years comes to about £192,828 per sale.