Average Price for property in Rake Lane, North Shields, NE29 is around £157,477 which varies based on type of property you are interested in and ranges from £157,858 for semi-detached to around £153,669 for terraced house. Values have been changing and have risen £332 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £488 in last 6 months, £11,337 in last 1 year, £13,449 in last 2 years, £18,481 in last 3 years, £12,608 in last 4 years and £12,855 in last 5 years.
Currently average asking price of a property in Rake Lane, North Shields, NE29 is around £129,107 based on approximately 1 properties for sale. Same is the case with rental options based on 112 properties up for rent, average asking rent is around £684 per month.
Estimated property value in Rake Lane, North Shields, NE29 is £157,477. Average asking price is £129,107 while average price paid is £160,000 which is up by £11,337 and Avg. asking rent £684.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 Rake Lane, North Shields, NE29 area. In last 1 year alone average price buyer paid is around £160,000 based on approximately 1 sales in Rake Lane, North Shields, NE29 area alone. If you compare it to last 3 years sales of 2 properties where buyers paid around £125,000. 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 £123,316 for 3 and average amount paid for purchase of approx. 5 properties sold in last 7 years comes to about £127,590 per sale.