Barretts Lane, Needham Market, Ipswich, IP6

Street Guide For Barretts Lane, Needham Market, Ipswich, IP6

 

Barretts Lane, Needham Market, Ipswich, IP6 Map

Estimated Price: £264,628
Average Asking Price: £309,008
Price change in last one year: £16,249
Average Price Paid: £229,250
Average Rent Rates: £1,311

 

Property Prices Breakdown in Barretts Lane, Needham Market, Ipswich, IP6

Average Price for property in Barretts Lane, Needham Market, Ipswich, IP6 is around £264,628 which varies based on type of property you are interested in and ranges from £337,385 for detached house to around £191,872 for semi-detached. Values have been changing and have risen £1,378 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £2,204 in last 6 months, £16,249 in last 1 year, £32,865 in last 2 years, £34,396 in last 3 years, £37,533 in last 4 years and £35,008 in last 5 years.

Currently average asking price of a property in Barretts Lane, Needham Market, Ipswich, IP6 is around £309,008 based on approximately 2 properties for sale. Same is the case with rental options based on 18 properties up for rent, average asking rent is around £1,311 per month.

Estimated property value in Barretts Lane, Needham Market, Ipswich, IP6 is £264,628. Average asking price is £309,008 while average price paid is £142,500 which is up by £16,249 and Avg. asking rent £1,311.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 Barretts Lane, Needham Market, Ipswich, IP6 area. In last 1 year alone average price buyer paid is around £142,500 based on approximately 2 sales in Barretts Lane, Needham Market, Ipswich, IP6 area alone. If you compare it to last 3 years sales of 5 properties where buyers paid around £196,000. 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 £229,250 for 6 and average amount paid for purchase of approx. 8 properties sold in last 7 years comes to about £225,062 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 £117,500, £201,494 for a 2 bedroom house, £258,348 for a 3 bedroom house, £425,290 for a 4 bedroom house and £542,999 for a 5 bedroom house. For a flat similarly the prices varies from £83,198 for a single bedroom to £131,991 for a 2 bedroom Flat. To sum up the asking prices for properties in Barretts Lane, Needham Market, Ipswich, IP6 it comes to around average £92,999 for 1 bedroom property, £174,297 for 2 bedroom, £258,348 for 3 bedroom, £425,290 for 4 bedroom and £542,999 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 £451 for 1 bedroom to £667 for 2 bedroom, £735 for 3 bedroom and £1,850 for 4 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £524. You should be generally be expecting around average £488 rent per month for single bedroom property, £667 for 2 bedroom, £734 for 3 bedroom and approximately £1,850 for 4 bedroom property in Barretts Lane, Needham Market, Ipswich, IP6 area.

Popular Houses in Barretts Lane, Needham Market, Ipswich, IP6

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 Barretts Lane, Needham Market, Ipswich, IP6