Blacksmiths Lane, Wickham Bishops, Witham, CM8

Street Guide For Blacksmiths Lane, Wickham Bishops, Witham, CM8

 

Blacksmiths Lane, Wickham Bishops, Witham, CM8 Map

Estimated Price: £501,092
Average Asking Price: £400,214
Price change in last one year: £34,945
Average Price Paid: £519,800
Average Rent Rates: £1,352

 

Property Prices Breakdown in Blacksmiths Lane, Wickham Bishops, Witham, CM8

Average Price for property in Blacksmiths Lane, Wickham Bishops, Witham, CM8 is around £501,092 which varies based on type of property you are interested in and ranges from £592,868 for detached house to around £389,737 for semi-detached. Similarly terraced house is around £211,323 and a flat is worth £434,899. Values have been changing and have risen £379 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £440 in last 6 months, £34,945 in last 1 year, £57,532 in last 2 years, £75,155 in last 3 years, £63,857 in last 4 years and £69,849 in last 5 years.

Currently average asking price of a property in Blacksmiths Lane, Wickham Bishops, Witham, CM8 is around £400,214 based on approximately 1 properties for sale. Same is the case with rental options based on 26 properties up for rent, average asking rent is around £1,352 per month.

Estimated property value in Blacksmiths Lane, Wickham Bishops, Witham, CM8 is £501,092. Average asking price is £400,214 while average price paid is £419,000 which is up by £34,945 and Avg. asking rent £1,352.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 Blacksmiths Lane, Wickham Bishops, Witham, CM8 area. In last 1 year alone average price buyer paid is around £419,000 based on approximately 1 sales in Blacksmiths Lane, Wickham Bishops, Witham, CM8 area alone. If you compare it to last 3 years sales of 3 properties where buyers paid around £359,666. 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 £519,800 for 5 and average amount paid for purchase of approx. 6 properties sold in last 7 years comes to about £460,166 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 £114,625, £198,662 for a 2 bedroom house, £236,580 for a 3 bedroom house, £408,889 for a 4 bedroom house and £574,958 for a 5 bedroom house. For a flat similarly the prices varies from £121,148 for a single bedroom to £160,600 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £175,000. To sum up the asking prices for properties in Blacksmiths Lane, Wickham Bishops, Witham, CM8 it comes to around average £119,614 for 1 bedroom property, £173,287 for 2 bedroom, £233,716 for 3 bedroom, £408,889 for 4 bedroom and £574,958 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 £1,059 for 2 bedroom to £956 for 3 bedroom, £1,200 for 4 bedroom and £2,201 for 5 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £555. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £676. You should be generally be expecting around average £554 rent per month for single bedroom property, £867 for 2 bedroom, £956 for 3 bedroom, £1,200 for 4 bedroom and approximately £2,201 for a 5 bedroom property in Blacksmiths Lane, Wickham Bishops, Witham, CM8 area.

Popular Houses in Blacksmiths Lane, Wickham Bishops, Witham, CM8

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 Blacksmiths Lane, Wickham Bishops, Witham, CM8