Bala Way, Worcester, WR5

Street Guide For Bala Way, Worcester, WR5

 

Bala Way, Worcester, WR5 Map

Estimated Price: £279,137
Average Asking Price: £243,829
Price change in last one year: £17,093
Average Price Paid: £240,333
Average Rent Rates: £750

 

Property Prices Breakdown in Bala Way, Worcester, WR5

Average Price for property in Bala Way, Worcester, WR5 is around £279,137 e.g. average price for detached house is around 279,137. Values have been changing and have risen £1,434 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £2,299 in last 6 months, £17,093 in last 1 year, £27,624 in last 2 years, £32,493 in last 3 years, £28,568 in last 4 years and £30,960 in last 5 years.

Currently average asking price of a property in Bala Way, Worcester, WR5 is around £243,829 based on approximately 1 properties for sale. Same is the case with rental options based on 74 properties up for rent, average asking rent is around £750 per month.

Estimated property value in Bala Way, Worcester, WR5 is £279,137. Average asking price is £243,829 while average price paid is £236,000 which is up by £17,093 and Avg. asking rent £750.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 Bala Way, Worcester, WR5 area. In last 1 year alone average price buyer paid is around £236,000 based on approximately 1 sales in Bala Way, Worcester, WR5 area alone. If you compare it to last 3 years sales of 1 properties where buyers paid around £236,000. 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 £240,333 for 3 and average amount paid for purchase of approx. 3 properties sold in last 7 years comes to about £240,333 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 £142,158, £184,368 for a 2 bedroom house, £218,752 for a 3 bedroom house, £329,340 for a 4 bedroom house and £397,653 for a 5 bedroom house. For a flat similarly the prices varies from £108,692 for a single bedroom to £157,136 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £222,250. To sum up the asking prices for properties in Bala Way, Worcester, WR5 it comes to around average £116,415 for 1 bedroom property, £170,554 for 2 bedroom, £218,823 for 3 bedroom, £329,340 for 4 bedroom and £397,653 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 £458 for 1 bedroom to £638 for 2 bedrooms, £797 for 3 bedrooms, £890 for 4 bedrooms and £532 for 5 bedrooms house. But if you are interested in renting a 1 bedroom flat then rent per month can be around £503. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £644. You should be generally be expecting around average £482 rent per month for single bedroom property, £641 for 2 bedroom, £797 for 3 bedroom, £890 for 4 bedroom and approximately £532 for a 5 bedroom property in Bala Way, Worcester, WR5 area.

Popular Houses in Bala Way, Worcester, WR5

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 Bala Way, Worcester, WR5