Average Price for property in Bungay is around £236,654 which varies based on type of property you are interested in and ranges from £301,409 for detached house to around £185,524 for semi-detached. Similarly terraced house is around £166,694 and a flat is worth £121,943. Values have been changing and have risen £3,601 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £9,088 in last 6 months, £23,648 in last 1 year, £18,952 in last 2 years, £21,211 in last 3 years, £17,166 in last 4 years and £29,427 in last 5 years.
Currently average asking price of a property in Bungay is around £296,811 based on approximately 137 properties for sale. Same is the case with rental options based on 19 properties up for rent, average asking rent is around £735 per month.
Estimated property value in Bungay is £236,654. Average asking price is £296,811 while average price paid is £212,786 which is up by £23,648 and Avg. asking rent £735.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 Bungay area. In last 1 year alone average price buyer paid is around £212,786 based on approximately 137 sales in Bungay area alone. If you compare it to last 3 years sales of 411 properties where buyers paid around £198,419. 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 £199,044 for 719 and average amount paid for purchase of approx. 942 properties sold in last 7 years comes to about £195,221 per sale.