Bishops Castle

Area Guide For Bishops Castle

Bishops Castle is a little market town in the southwest of Shropshire, England, and once its littlest precinct. As indicated by the 2011 Census it had a populace of 1,893. Bishops Castle is 1.5 miles (2.4 km) east of the Wales-England fringe, around 20 miles (30 km) north-west of Ludlow and around 20 miles (30 km) south-west of Shrewsbury. To the south is Clun and to the east is Church Stretton. The town is inside a farming territory and has additionally gotten to be known for its option group including specialists, musical artists, journalists and craftspeople. The encompassing region is hillwalking nation and Bishop's Castle is a "Walkers are Welcome Town", picking up the recompense in 2008. The long separation pathway the Shropshire Way goes through the town and Offa's Dyke is just a couple of miles to the west.

 
 

Bishops Castle Map

Estimated Price: £262,613
Average Asking Price: £275,526
Price change in last one year: £13,401
Average Price Paid: £234,985
Average Rent Rates: £784

 
 

Property Prices Breakdown in Bishops Castle

Average Price for property in Bishops Castle is around £262,613 which varies based on type of property you are interested in and ranges from £336,861 for detached house to around £188,917 for semi-detached. Similarly terraced house is around £169,087 and a flat is worth £163,966. Values have been changing and have risen £984 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £5,658 in last 6 months, £13,401 in last 1 year, £21,973 in last 2 years, £23,578 in last 3 years, £26,012 in last 4 years and £21,117 in last 5 years.

Currently average asking price of a property in Bishops Castle is around £275,526 based on approximately 32 properties for sale. Same is the case with rental options based on 5 properties up for rent, average asking rent is around £784 per month.

Estimated property value in Bishops Castle is £262,613. Average asking price is £275,526 while average price paid is £247,703 which is up by £13,401 and Avg. asking rent £784.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 Bishops Castle area. In last 1 year alone average price buyer paid is around £247,703 based on approximately 32 sales in Bishops Castle area alone. If you compare it to last 3 years sales of 78 properties where buyers paid around £236,237. 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 £234,985 for 124 and average amount paid for purchase of approx. 180 properties sold in last 7 years comes to about £224,967 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 2 bedroom is around £191,650, £242,333 for a 3 bedroom house, £495,000 for a 4 bedroom house and £295,000 for a 5 bedroom house. To sum up the asking prices for properties in Bishops Castle it comes to around average £191,650 for 2 bedroom property, £242,333 for 3 bedroom, £495,000 for 4 bedroom and £295,000 for 5 bedroom.

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 £498 for 2 bedroom to £724 for 3 bedroom and £1,025 for 4 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £650. You should be generally be expecting around average £650 rent per month for single bedroom property, £498 for 2 bedroom, £724 for 3 bedroom and approximately £1,025 for 4 bedroom property in Bishops Castle area.

Popular Houses in Bishops Castle

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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