Bishop Norton, Market Rasen, LN8

Street Guide For Bishop Norton, Market Rasen, LN8

 

Bishop Norton, Market Rasen, LN8 Map

Estimated Price: £244,953
Average Asking Price: £214,798
Price change in last one year: £10,282
Average Price Paid: £207,737
Average Rent Rates: £516

 

Property Prices Breakdown in Bishop Norton, Market Rasen, LN8

Average Price for property in Bishop Norton, Market Rasen, LN8 is around £244,953 which varies based on type of property you are interested in and ranges from £320,092 for detached house to around £256,725 for semi-detached. Similarly terraced house is around £115,798. Values have been changing and have risen £690 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £3,201 in last 6 months, £10,282 in last 1 year, £28,570 in last 2 years, £23,825 in last 3 years, £21,421 in last 4 years and £22,160 in last 5 years.

Currently average asking price of a property in Bishop Norton, Market Rasen, LN8 is around £214,798 based on approximately 0 properties for sale. Same is the case with rental options based on 27 properties up for rent, average asking rent is around £516 per month.

Estimated property value in Bishop Norton, Market Rasen, LN8 is £244,953. Average asking price is £214,798 while average price paid is £112,950 which is up by £23,825 and Avg. asking rent £516.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 Bishop Norton, Market Rasen, LN8 area. In last 3 years alone average price buyer paid is around £112,950 based on approximately 1 sales in Bishop Norton, Market Rasen, LN8 area alone. If you compare it to last 5 years sales of 4 properties where buyers paid around £207,737. It has been same for some time now for e.g. if you take an average of amount paid in last 7 years, it comes to around £249,490 for 5 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 £61,962, £133,163 for a 2 bedroom house, £183,043 for a 3 bedroom house, £308,174 for a 4 bedroom house and £444,532 for a 5 bedroom house. For a flat similarly the prices varies from £44,000 for a single bedroom to £109,617 for a 2 bedroom Flat. To sum up the asking prices for properties in Bishop Norton, Market Rasen, LN8 it comes to around average £52,981 for 1 bedroom property, £128,882 for 2 bedroom, £183,043 for 3 bedroom, £308,174 for 4 bedroom and £444,532 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 £442 for 1 bedroom to £475 for 2 bedroom and £630 for 3 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £311. You should be generally be expecting around average £333 rent per month for single bedroom property, £475 for 2 bedroom and approximately £630 for 3 bedroom property in Bishop Norton, Market Rasen, LN8 area.

Popular Houses in Bishop Norton, Market Rasen, LN8

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 Bishop Norton, Market Rasen, LN8