Cherry Lea, Blackburn, BB2

Street Guide For Cherry Lea, Blackburn, BB2

 

Cherry Lea, Blackburn, BB2 Map

Estimated Price: £141,361
Average Asking Price: £160,187
Price change in last one year: £5,823
Average Price Paid: £154,160
Average Rent Rates: £467

 

Property Prices Breakdown in Cherry Lea, Blackburn, BB2

Average Price for property in Cherry Lea, Blackburn, BB2 is around £141,361 which varies based on type of property you are interested in and ranges from £227,396 for detached house to around £133,607 for semi-detached. Similarly terraced house is around £138,279. Values have been changing and have risen £113 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £1,552 in last 6 months, £5,823 in last 1 year, £10,358 in last 2 years, £11,892 in last 3 years, £6,657 in last 4 years and £6,745 in last 5 years.

Currently average asking price of a property in Cherry Lea, Blackburn, BB2 is around £160,187 based on approximately 0 properties for sale. Same is the case with rental options based on 88 properties up for rent, average asking rent is around £467 per month.

Estimated property value in Cherry Lea, Blackburn, BB2 is £141,361. Average asking price is £160,187 while average price paid is £142,750 which is up by £11,892 and Avg. asking rent £467.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 Cherry Lea, Blackburn, BB2 area. In last 3 years alone average price buyer paid is around £142,750 based on approximately 2 sales in Cherry Lea, Blackburn, BB2 area alone. If you compare it to last 5 years sales of 5 properties where buyers paid around £154,160. 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 £149,685 for 7 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 £108,750, £87,364 for a 2 bedroom house, £130,989 for a 3 bedroom house, £273,922 for a 4 bedroom house and £432,848 for a 5 bedroom house. For a flat similarly the prices varies from £60,883 for a single bedroom to £106,307 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £87,500. To sum up the asking prices for properties in Cherry Lea, Blackburn, BB2 it comes to around average £69,586 for 1 bedroom property, £89,232 for 2 bedroom, £130,534 for 3 bedroom, £273,922 for 4 bedroom and £432,848 for a 5 bedroom property.

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 £410 for 1 bedroom to £428 for 2 bedrooms, £520 for 3 bedrooms, £618 for 4 bedrooms and £849 for 5 bedrooms house. But if you are interested in renting a 1 bedroom flat then rent per month can be around £347. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £455 and £464 for 3 bedroom. You should be generally be expecting around average £363 rent per month for single bedroom property, £435 for 2 bedroom, £514 for 3 bedroom, £618 for 4 bedroom and approximately £849 for a 5 bedroom property in Cherry Lea, Blackburn, BB2 area.

Popular Houses in Cherry Lea, Blackburn, BB2

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 Cherry Lea, Blackburn, BB2