Cliff Lane, Gorleston, Great Yarmouth, NR31

Street Guide For Cliff Lane, Gorleston, Great Yarmouth, NR31

 

Cliff Lane, Gorleston, Great Yarmouth, NR31 Map

Estimated Price: £349,236
Average Asking Price: £179,514
Price change in last one year: £25,664
Average Price Paid: £335,000
Average Rent Rates: £739

 

Property Prices Breakdown in Cliff Lane, Gorleston, Great Yarmouth, NR31

Average Price for property in Cliff Lane, Gorleston, Great Yarmouth, NR31 is around £349,236 which varies based on type of property you are interested in and ranges from £379,576 for detached house to around £136,858 for terraced house. Values have been changing and have risen £1,928 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £3,929 in last 6 months, £25,664 in last 1 year, £34,106 in last 2 years, £43,782 in last 3 years, £41,801 in last 4 years and £33,015 in last 5 years.

Currently average asking price of a property in Cliff Lane, Gorleston, Great Yarmouth, NR31 is around £179,514 based on approximately 1 properties for sale. Same is the case with rental options based on 71 properties up for rent, average asking rent is around £739 per month.

Estimated property value in Cliff Lane, Gorleston, Great Yarmouth, NR31 is £349,236. Average asking price is £179,514 while average price paid is £475,000 which is up by £25,664 and Avg. asking rent £739.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 Cliff Lane, Gorleston, Great Yarmouth, NR31 area. In last 1 year alone average price buyer paid is around £475,000 based on approximately 1 sales in Cliff Lane, Gorleston, Great Yarmouth, NR31 area alone. If you compare it to last 3 years sales of 1 properties where buyers paid around £475,000. 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 £335,000 for 3 and average amount paid for purchase of approx. 4 properties sold in last 7 years comes to about £322,250 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 £71,365, £108,060 for a 2 bedroom house, £153,194 for a 3 bedroom house, £277,545 for a 4 bedroom house and £382,628 for a 5 bedroom house. For a flat similarly the prices varies from £77,979 for a single bedroom to £88,656 for a 2 bedroom Flat. To sum up the asking prices for properties in Cliff Lane, Gorleston, Great Yarmouth, NR31 it comes to around average £73,909 for 1 bedroom property, £106,808 for 2 bedroom, £153,194 for 3 bedroom, £277,545 for 4 bedroom and £382,628 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 £501 for 1 bedroom to £567 for 2 bedroom, £619 for 3 bedroom and £875 for 4 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £434. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £524. You should be generally be expecting around average £456 rent per month for single bedroom property, £565 for 2 bedroom, £619 for 3 bedroom and approximately £875 for 4 bedroom property in Cliff Lane, Gorleston, Great Yarmouth, NR31 area.

Popular Houses in Cliff Lane, Gorleston, Great Yarmouth, NR31

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 Cliff Lane, Gorleston, Great Yarmouth, NR31