Broad Walk, Hockley, SS5

Street Guide For Broad Walk, Hockley, SS5

 

Broad Walk, Hockley, SS5 Map

Estimated Price: £277,972
Average Asking Price: £508,744
Price change in last one year: £25,634
Average Price Paid: £223,068
Average Rent Rates: £1,404

 

Property Prices Breakdown in Broad Walk, Hockley, SS5

Average Price for property in Broad Walk, Hockley, SS5 is around £277,972 which varies based on type of property you are interested in and ranges from £395,801 for detached house to around £261,439 for semi-detached. Similarly terraced house is around £228,273. Values have been changing and have risen £3,016 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £7,241 in last 6 months, £25,634 in last 1 year, £40,706 in last 2 years, £41,481 in last 3 years, £41,919 in last 4 years and £47,192 in last 5 years.

Currently average asking price of a property in Broad Walk, Hockley, SS5 is around £508,744 based on approximately 4 properties for sale. Same is the case with rental options based on 12 properties up for rent, average asking rent is around £1,404 per month.

Estimated property value in Broad Walk, Hockley, SS5 is £277,972. Average asking price is £508,744 while average price paid is £243,625 which is up by £25,634 and Avg. asking rent £1,404.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 Broad Walk, Hockley, SS5 area. In last 1 year alone average price buyer paid is around £243,625 based on approximately 4 sales in Broad Walk, Hockley, SS5 area alone. If you compare it to last 3 years sales of 11 properties where buyers paid around £228,136. 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 £223,068 for 22 and average amount paid for purchase of approx. 25 properties sold in last 7 years comes to about £230,652 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 £76,488, £214,535 for a 2 bedroom house, £388,424 for a 3 bedroom house, £487,112 for a 4 bedroom house and £1,027,044 for a 5 bedroom house. For a flat the prices of 2 bedroom is £220,000. To sum up the asking prices for properties in Broad Walk, Hockley, SS5 it comes to around average £76,488 for 1 bedroom property, £214,899 for 2 bedroom, £388,424 for 3 bedroom, £487,112 for 4 bedroom and £1,027,044 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 £901 for 1 bedroom to £1,049 for 2 bedroom and £1,476 for 4 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £646. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £849. You should be generally be expecting around average £774 rent per month for single bedroom property, £982 for 2 bedroom and approximately £1,476 for 4 bedroom property in Broad Walk, Hockley, SS5 area.

Popular Houses in Broad Walk, Hockley, SS5

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 Broad Walk, Hockley, SS5