Marazion

Area Guide For Marazion

Marazion is a town in Cornwall and is also known as a civil Parsh, It is arranged on the shore of Mount's Bay, two miles east of Penzance.Marazion population alone is little as 1,294 but including electoral ward population which includes surrounding villages the population jumps to  4,625 residential.
Marazion is a flourishing visitor resort with a dynamic group of craftsmen who deliver and offer artistic creations and earthenware in the town's various workmanship exhibitions.

Marazion also houses an interesting museum dedicated to the HMS Warspite, a Queen Elizabeth-class war vessel. She served in both world wars, acquiring the most fight respects ever granted to an individual ship in the Royal Navy.

 
 

Marazion Map

Estimated Price: £308,037
Average Asking Price: £327,093
Price change in last one year: £17,422
Average Price Paid: £270,202
Average Rent Rates: £702

 
 

Property Prices Breakdown in Marazion

Average Price for property in Marazion is around £308,037 which varies based on type of property you are interested in and ranges from £409,074 for detached house to around £290,034 for semi-detached. Similarly terraced house is around £249,122 and a flat is worth £201,421. Values have been changing and have risen £2,675 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £4,730 in last 6 months, £17,422 in last 1 year, £26,542 in last 2 years, £27,010 in last 3 years, £21,191 in last 4 years and £29,501 in last 5 years.

Currently average asking price of a property in Marazion is around £327,093 based on approximately 16 properties for sale. Same is the case with rental options based on 13 properties up for rent, average asking rent is around £702 per month.

Estimated property value in Marazion is £308,037. Average asking price is £327,093 while average price paid is £269,559 which is up by £17,422 and Avg. asking rent £702.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 Marazion area. In last 1 year alone average price buyer paid is around £269,559 based on approximately 16 sales in Marazion area alone. If you compare it to last 3 years sales of 63 properties where buyers paid around £265,473. 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 £270,202 for 96 and average amount paid for purchase of approx. 131 properties sold in last 7 years comes to about £275,575 per sale.

 
 

Properties For Sale in Marazion

 
 

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 2 bedroom is around £247,500, £363,780 for a 3 bedroom house, £360,000 for a 4 bedroom house and £550,000 for a 5 bedroom house. For a flat similarly the prices varies from £132,950 for a single bedroom to £277,488 for a 2 bedroom Flat. To sum up the asking prices for properties in Marazion it comes to around average £132,950 for 1 bedroom property, £271,490 for 2 bedroom, £363,780 for 3 bedroom, £360,000 for 4 bedroom and £550,000 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 is £925 for 3 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £676. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £658. You should be generally be expecting around average £676 rent per month for single bedroom property, £658 for 2 bedroom and approximately £925 for 3 bedroom property in Marazion area.

Popular Houses in Marazion

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.

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