Cherry Tree Close, Wellington, Telford, TF1

Street Guide For Cherry Tree Close, Wellington, Telford, TF1

 

Cherry Tree Close, Wellington, Telford, TF1 Map

Estimated Price: £380,971
Average Asking Price: £181,798
Price change in last one year: £17,685
Average Price Paid: £362,564
Average Rent Rates: £967

 

Property Prices Breakdown in Cherry Tree Close, Wellington, Telford, TF1

Average Price for property in Cherry Tree Close, Wellington, Telford, TF1 is around £380,971 which varies based on type of property you are interested in and ranges from £386,916 for detached house to around £244,239 for semi-detached. Values have been changing and have risen £1,149 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £1,425 in last 6 months, £17,685 in last 1 year, £28,317 in last 2 years, £37,795 in last 3 years, £38,249 in last 4 years and £35,364 in last 5 years.

Currently average asking price of a property in Cherry Tree Close, Wellington, Telford, TF1 is around £181,798 based on approximately 2 properties for sale. Same is the case with rental options based on 94 properties up for rent, average asking rent is around £967 per month.

Estimated property value in Cherry Tree Close, Wellington, Telford, TF1 is £380,971. Average asking price is £181,798 while average price paid is £382,500 which is up by £17,685 and Avg. asking rent £967.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 Tree Close, Wellington, Telford, TF1 area. In last 1 year alone average price buyer paid is around £382,500 based on approximately 2 sales in Cherry Tree Close, Wellington, Telford, TF1 area alone. If you compare it to last 3 years sales of 6 properties where buyers paid around £364,666. 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 £362,564 for 7 and average amount paid for purchase of approx. 21 properties sold in last 7 years comes to about £346,854 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 £94,995, £115,473 for a 2 bedroom house, £152,190 for a 3 bedroom house, £219,590 for a 4 bedroom house and £354,360 for a 5 bedroom house. For a flat similarly the prices varies from £76,397 for a single bedroom to £103,442 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £79,995. To sum up the asking prices for properties in Cherry Tree Close, Wellington, Telford, TF1 it comes to around average £79,054 for 1 bedroom property, £112,218 for 2 bedroom, £151,760 for 3 bedroom, £219,590 for 4 bedroom and £354,360 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 £355 for 1 bedroom to £532 for 2 bedroom, £671 for 3 bedroom and £814 for 4 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £463. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £481. You should be generally be expecting around average £400 rent per month for single bedroom property, £513 for 2 bedroom, £671 for 3 bedroom and approximately £814 for 4 bedroom property in Cherry Tree Close, Wellington, Telford, TF1 area.

Popular Houses in Cherry Tree Close, Wellington, Telford, TF1

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 Tree Close, Wellington, Telford, TF1