Balmoral Road, Hitchin, SG5

Street Guide For Balmoral Road, Hitchin, SG5

 
 

Balmoral Road, Hitchin, SG5 Map

Estimated Price: £327,645
Average Asking Price: £319,174
Price change in last one year: £29,567
Average Price Paid: £248,053
Average Rent Rates: £1,247

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Property Prices Breakdown in Balmoral Road, Hitchin, SG5

Average Price for property in Balmoral Road, Hitchin, SG5 is around £327,645 which varies based on type of property you are interested in and ranges from £461,223 for detached house to around £441,064 for semi-detached. Similarly terraced house is around £303,176 and a flat is worth £240,242. Values have been changing and have risen £4,667 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £9,895 in last 6 months, £29,567 in last 1 year, £48,806 in last 2 years, £46,127 in last 3 years, £48,024 in last 4 years and £51,365 in last 5 years.

Currently average asking price of a property in Balmoral Road, Hitchin, SG5 is around £319,174 based on approximately 1 properties for sale. Same is the case with rental options based on 43 properties up for rent, average asking rent is around £1,247 per month.

Estimated property value in Balmoral Road, Hitchin, SG5 is £327,645. Average asking price is £319,174 while average price paid is £292,500 which is up by £29,567 and Avg. asking rent £1,247.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 Balmoral Road, Hitchin, SG5 area. In last 1 year alone average price buyer paid is around £292,500 based on approximately 1 sales in Balmoral Road, Hitchin, SG5 area alone. If you compare it to last 3 years sales of 5 properties where buyers paid around £265,300. 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 £248,053 for 26 and average amount paid for purchase of approx. 36 properties sold in last 7 years comes to about £239,858 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 £86,330, £257,245 for a 2 bedroom house, £353,998 for a 3 bedroom house, £437,686 for a 4 bedroom house and £597,772 for a 5 bedroom house. For a flat similarly the prices varies from £131,989 for a single bedroom to £214,026 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £500,000. To sum up the asking prices for properties in Balmoral Road, Hitchin, SG5 it comes to around average £121,452 for 1 bedroom property, £225,813 for 2 bedroom, £359,405 for 3 bedroom, £437,686 for 4 bedroom and £597,772 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 £836 for 2 bedroom to £1,176 for 3 bedroom, £2,080 for 4 bedroom and £1,651 for 5 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £735. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £970. You should be generally be expecting around average £735 rent per month for single bedroom property, £910 for 2 bedroom, £1,176 for 3 bedroom, £2,080 for 4 bedroom and approximately £1,651 for a 5 bedroom property in Balmoral Road, Hitchin, SG5 area.

Popular Houses in Balmoral Road, Hitchin, SG5

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 Balmoral Road, Hitchin, SG5