Average Price for property in Burrough Road, Somerby, Melton Mowbray, LE14 is around £320,730 which varies based on type of property you are interested in and ranges from £346,230 for detached house to around £273,534 for semi-detached. Similarly terraced house is around £332,654. Values have been changing and have risen £2,253 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £8,233 in last 6 months, £20,596 in last 1 year, £28,408 in last 2 years, £34,437 in last 3 years, £32,695 in last 4 years and £29,158 in last 5 years.
Currently average asking price of a property in Burrough Road, Somerby, Melton Mowbray, LE14 is around £496,502 based on approximately 2 properties for sale. Same is the case with rental options based on 46 properties up for rent, average asking rent is around £3,596 per month.
Estimated property value in Burrough Road, Somerby, Melton Mowbray, LE14 is £320,730. Average asking price is £496,502 while average price paid is £148,250 which is up by £20,596 and Avg. asking rent £3,596.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 Burrough Road, Somerby, Melton Mowbray, LE14 area. In last 1 year alone average price buyer paid is around £148,250 based on approximately 2 sales in Burrough Road, Somerby, Melton Mowbray, LE14 area alone. If you compare it to last 3 years sales of 5 properties where buyers paid around £168,800. 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 £168,800 for 5 and average amount paid for purchase of approx. 7 properties sold in last 7 years comes to about £210,571 per sale.