Average Price for property in Chapel Lane, Merstone, Newport, PO30 is around £387,899 which varies based on type of property you are interested in and ranges from £434,330 for detached house to around £202,180 for semi-detached. Values have been changing and have risen £3,987 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £12,324 in last 6 months, £29,806 in last 1 year, £52,840 in last 2 years, £51,138 in last 3 years, £46,117 in last 4 years and £45,632 in last 5 years.
Currently average asking price of a property in Chapel Lane, Merstone, Newport, PO30 is around £286,323 based on approximately 1 properties for sale. Same is the case with rental options based on 59 properties up for rent, average asking rent is around £736 per month.
Estimated property value in Chapel Lane, Merstone, Newport, PO30 is £387,899. Average asking price is £286,323 while average price paid is £652,500 which is up by £29,806 and Avg. asking rent £736.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 Chapel Lane, Merstone, Newport, PO30 area. In last 1 year alone average price buyer paid is around £652,500 based on approximately 1 sales in Chapel Lane, Merstone, Newport, PO30 area alone. If you compare it to last 3 years sales of 3 properties where buyers paid around £389,833. 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 £379,875 for 4 and average amount paid for purchase of approx. 4 properties sold in last 7 years comes to about £379,875 per sale.