Bishops Drive, Lewes, BN7

Street Guide For Bishops Drive, Lewes, BN7

 

Bishops Drive, Lewes, BN7 Map

Estimated Price: £258,268
Average Asking Price: £498,905
Price change in last one year: £11,158
Average Price Paid: £232,743
Average Rent Rates: £21,654

 

Property Prices Breakdown in Bishops Drive, Lewes, BN7

Average Price for property in Bishops Drive, Lewes, BN7 is around £258,268 which varies based on type of property you are interested in and ranges from £238,982 for semi-detached to around £260,411 for terraced house. Values have been changing and have risen £850 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £2,754 in last 6 months, £11,158 in last 1 year, £29,725 in last 2 years, £34,108 in last 3 years, £39,719 in last 4 years and £40,705 in last 5 years.

Currently average asking price of a property in Bishops Drive, Lewes, BN7 is around £498,905 based on approximately 3 properties for sale. Same is the case with rental options based on 28 properties up for rent, average asking rent is around £21,654 per month.

Estimated property value in Bishops Drive, Lewes, BN7 is £258,268. Average asking price is £498,905 while average price paid is £224,333 which is up by £11,158 and Avg. asking rent £21,654.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 Drive, Lewes, BN7 area. In last 1 year alone average price buyer paid is around £224,333 based on approximately 3 sales in Bishops Drive, Lewes, BN7 area alone. If you compare it to last 3 years sales of 6 properties where buyers paid around £228,833. 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 £232,743 for 8 and average amount paid for purchase of approx. 9 properties sold in last 7 years comes to about £231,883 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 £155,725, £287,500 for a 2 bedroom house, £481,657 for a 3 bedroom house, £630,372 for a 4 bedroom house and £645,000 for a 5 bedroom house. For a flat similarly the prices varies from £160,233 for a single bedroom to £254,975 for a 2 bedroom Flat. To sum up the asking prices for properties in Bishops Drive, Lewes, BN7 it comes to around average £159,106 for 1 bedroom property, £271,238 for 2 bedroom, £481,657 for 3 bedroom, £630,372 for 4 bedroom and £645,000 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 can vary from £1,101 for 2 bedroom to £1,358 for 3 bedroom, £1,658 for 4 bedroom and £3,501 for 5 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £724. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £1,088. You should be generally be expecting around average £724 rent per month for single bedroom property, £1,092 for 2 bedroom, £1,358 for 3 bedroom, £1,658 for 4 bedroom and approximately £3,501 for a 5 bedroom property in Bishops Drive, Lewes, BN7 area.

Popular Houses in Bishops Drive, Lewes, BN7

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 Bishops Drive, Lewes, BN7