Average Price for property in Chapel Lane, Somerby, Melton Mowbray, LE14 is around £466,364 which varies based on type of property you are interested in and ranges from £614,132 for detached house to around £315,228 for semi-detached. Similarly terraced house is around £473,103. Values have been changing and have risen £3,512 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £12,835 in last 6 months, £32,109 in last 1 year, £44,286 in last 2 years, £53,681 in last 3 years, £50,962 in last 4 years and £45,444 in last 5 years.
Currently average asking price of a property in Chapel Lane, Somerby, Melton Mowbray, LE14 is around £496,502 based on approximately 0 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 Chapel Lane, Somerby, Melton Mowbray, LE14 is £466,364. Average asking price is £496,502 while average price paid is £800,000 which is up by £53,681 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 Chapel Lane, Somerby, Melton Mowbray, LE14 area. In last 3 years alone average price buyer paid is around £800,000 based on approximately 1 sales in Chapel Lane, Somerby, Melton Mowbray, LE14 area alone. If you compare it to last 5 years sales of 1 properties where buyers paid around £800,000. It has been same for some time now for e.g. if you take an average of amount paid in last 7 years, it comes to around £542,500 for 2 per sale.