Back Lane, Claypole, Newark, NG23

Street Guide For Back Lane, Claypole, Newark, NG23

 

Back Lane, Claypole, Newark, NG23 Map

Estimated Price: £232,981
Average Asking Price: £348,806
Price change in last one year: £13,763
Average Price Paid: £197,875
Average Rent Rates: £866

 

Property Prices Breakdown in Back Lane, Claypole, Newark, NG23

Average Price for property in Back Lane, Claypole, Newark, NG23 is around £232,981 which varies based on type of property you are interested in and ranges from £220,905 for detached house to around £263,170 for semi-detached. Values have been changing and have risen £328 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £1,891 in last 6 months, £13,763 in last 1 year, £25,354 in last 2 years, £26,747 in last 3 years, £27,263 in last 4 years and £20,942 in last 5 years.

Currently average asking price of a property in Back Lane, Claypole, Newark, NG23 is around £348,806 based on approximately 3 properties for sale. Same is the case with rental options based on 14 properties up for rent, average asking rent is around £866 per month.

Estimated property value in Back Lane, Claypole, Newark, NG23 is £232,981. Average asking price is £348,806 while average price paid is £222,166 which is up by £13,763 and Avg. asking rent £866.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 Back Lane, Claypole, Newark, NG23 area. In last 1 year alone average price buyer paid is around £222,166 based on approximately 3 sales in Back Lane, Claypole, Newark, NG23 area alone. If you compare it to last 3 years sales of 4 properties where buyers paid around £197,875. 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 £197,875 for 4 and average amount paid for purchase of approx. 5 properties sold in last 7 years comes to about £186,300 per sale.

 
 

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 £161,250, £149,998 for a 2 bedroom house, £254,444 for a 3 bedroom house, £361,022 for a 4 bedroom house and £506,172 for a 5 bedroom house. For a flat the prices of 2 bedroom is £71,000. To sum up the asking prices for properties in Back Lane, Claypole, Newark, NG23 it comes to around average £161,250 for 1 bedroom property, £146,706 for 2 bedroom, £254,444 for 3 bedroom, £361,022 for 4 bedroom and £506,172 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 £594 for 2 bedroom to £815 for 3 bedroom and £1,694 for 4 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £360. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £442. You should be generally be expecting around average £360 rent per month for single bedroom property, £493 for 2 bedroom, £815 for 3 bedroom and approximately £1,694 for 4 bedroom property in Back Lane, Claypole, Newark, NG23 area.

Popular Houses in Back Lane, Claypole, Newark, NG23

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.

Areas in and around Back Lane, Claypole, Newark, NG23