Cedar Grove, Portsmouth, PO3

Street Guide For Cedar Grove, Portsmouth, PO3

 

Cedar Grove, Portsmouth, PO3 Map

Estimated Price: £211,977
Average Asking Price: £171,258
Price change in last one year: £18,325
Average Price Paid: £168,230
Average Rent Rates: £1,314

 

Property Prices Breakdown in Cedar Grove, Portsmouth, PO3

Average Price for property in Cedar Grove, Portsmouth, PO3 is around £211,977 which varies based on type of property you are interested in and ranges from £103,492 for detached house to around £220,689 for terraced house. Similarly flat is around £126,836. Values have been changing and have risen £2,278 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £6,335 in last 6 months, £18,325 in last 1 year, £28,156 in last 2 years, £27,776 in last 3 years, £26,631 in last 4 years and £26,283 in last 5 years.

Currently average asking price of a property in Cedar Grove, Portsmouth, PO3 is around £171,258 based on approximately 2 properties for sale. Same is the case with rental options based on 25 properties up for rent, average asking rent is around £1,314 per month.

Estimated property value in Cedar Grove, Portsmouth, PO3 is £211,977. Average asking price is £171,258 while average price paid is £199,000 which is up by £18,325 and Avg. asking rent £1,314.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 Cedar Grove, Portsmouth, PO3 area. In last 1 year alone average price buyer paid is around £199,000 based on approximately 2 sales in Cedar Grove, Portsmouth, PO3 area alone. If you compare it to last 3 years sales of 7 properties where buyers paid around £169,785. 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 £168,230 for 13 and average amount paid for purchase of approx. 16 properties sold in last 7 years comes to about £177,280 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 £149,995, £132,310 for a 2 bedroom house, £214,264 for a 3 bedroom house and £272,157 for a 4 bedroom house. For a flat similarly the prices varies from £71,713 for a single bedroom to £112,951 for a 2 bedroom Flat. To sum up the asking prices for properties in Cedar Grove, Portsmouth, PO3 it comes to around average £74,974 for 1 bedroom property, £118,292 for 2 bedroom, £214,264 for 3 bedroom and £272,157 for 4 bedroom.

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 £624 for 1 bedroom to £724 for 2 bedroom, £939 for 3 bedroom and £1,001 for 4 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £575. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £594. You should be generally be expecting around average £587 rent per month for single bedroom property, £659 for 2 bedroom, £939 for 3 bedroom and approximately £1,001 for 4 bedroom property in Cedar Grove, Portsmouth, PO3 area.

Popular Houses in Cedar Grove, Portsmouth, PO3

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 Cedar Grove, Portsmouth, PO3