Binyon Road, Lancaster, LA1

Street Guide For Binyon Road, Lancaster, LA1

 

Binyon Road, Lancaster, LA1 Map

Estimated Price: £86,750
Average Asking Price: £165,270
Price change in last one year: £2,861
Average Price Paid: £58,000
Average Rent Rates: £544

 

Property Prices Breakdown in Binyon Road, Lancaster, LA1

Average Price for property in Binyon Road, Lancaster, LA1 is around £86,750 which varies based on type of property you are interested in and ranges from £123,724 for detached house to around £117,967 for semi-detached. Similarly terraced house is around £110,386 and a flat is worth £72,137. Values have been changing and have risen £10 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £244 in last 6 months, £2,861 in last 1 year, £6,182 in last 2 years, £7,652 in last 3 years, £7,006 in last 4 years and £3,578 in last 5 years.

Currently average asking price of a property in Binyon Road, Lancaster, LA1 is around £165,270 based on approximately 1 properties for sale. Same is the case with rental options based on 98 properties up for rent, average asking rent is around £544 per month.

Estimated property value in Binyon Road, Lancaster, LA1 is £86,750. Average asking price is £165,270 while average price paid is £55,000 which is up by £2,861 and Avg. asking rent £544.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 Binyon Road, Lancaster, LA1 area. In last 1 year alone average price buyer paid is around £55,000 based on approximately 1 sales in Binyon Road, Lancaster, LA1 area alone. If you compare it to last 3 years sales of 2 properties where buyers paid around £59,000. 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 £58,000 for 3 and average amount paid for purchase of approx. 6 properties sold in last 7 years comes to about £78,833 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 £82,500, £121,530 for a 2 bedroom house, £163,326 for a 3 bedroom house, £244,992 for a 4 bedroom house and £299,940 for a 5 bedroom house. For a flat similarly the prices varies from £90,805 for a single bedroom to £118,779 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £147,988. To sum up the asking prices for properties in Binyon Road, Lancaster, LA1 it comes to around average £90,050 for 1 bedroom property, £120,613 for 2 bedroom, £162,747 for 3 bedroom, £244,992 for 4 bedroom and £299,940 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 £485 for 1 bedroom to £552 for 2 bedrooms, £581 for 3 bedrooms, £434 for 4 bedrooms and £505 for 5 bedrooms house. But if you are interested in renting a 1 bedroom flat then rent per month can be around £524. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £606 and £550 for 3 bedroom. You should be generally be expecting around average £518 rent per month for single bedroom property, £572 for 2 bedroom, £579 for 3 bedroom, £434 for 4 bedroom and approximately £505 for a 5 bedroom property in Binyon Road, Lancaster, LA1 area.

Popular Houses in Binyon Road, Lancaster, LA1

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 Binyon Road, Lancaster, LA1