Cromwell Road, Melton Mowbray, LE13

Street Guide For Cromwell Road, Melton Mowbray, LE13

 

Cromwell Road, Melton Mowbray, LE13 Map

Estimated Price: £133,476
Average Asking Price: £196,775
Price change in last one year: £7,954
Average Price Paid: £112,500
Average Rent Rates: £914

 

Property Prices Breakdown in Cromwell Road, Melton Mowbray, LE13

Average Price for property in Cromwell Road, Melton Mowbray, LE13 is around £133,476 which varies based on type of property you are interested in and ranges from £129,882 for detached house to around £142,205 for semi-detached. Similarly terraced house is around £127,828. Values have been changing and have risen £820 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £2,901 in last 6 months, £7,954 in last 1 year, £14,072 in last 2 years, £15,660 in last 3 years, £14,780 in last 4 years and £13,326 in last 5 years.

Currently average asking price of a property in Cromwell Road, Melton Mowbray, LE13 is around £196,775 based on approximately 2 properties for sale. Same is the case with rental options based on 33 properties up for rent, average asking rent is around £914 per month.

Estimated property value in Cromwell Road, Melton Mowbray, LE13 is £133,476. Average asking price is £196,775 while average price paid is £112,500 which is up by £7,954 and Avg. asking rent £914.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 Cromwell Road, Melton Mowbray, LE13 area. In last 1 year alone average price buyer paid is around £112,500 based on approximately 2 sales in Cromwell Road, Melton Mowbray, LE13 area alone. If you compare it to last 3 years sales of 2 properties where buyers paid around £112,500. 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 £112,500 for 2 and average amount paid for purchase of approx. 4 properties sold in last 7 years comes to about £124,375 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 £96,950, £135,239 for a 2 bedroom house, £171,437 for a 3 bedroom house, £273,338 for a 4 bedroom house and £353,731 for a 5 bedroom house. For a flat similarly the prices varies from £185,000 for a single bedroom to £113,471 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £137,498. To sum up the asking prices for properties in Cromwell Road, Melton Mowbray, LE13 it comes to around average £140,975 for 1 bedroom property, £128,614 for 2 bedroom, £168,942 for 3 bedroom, £273,338 for 4 bedroom and £353,731 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 £516 for 2 bedroom to £658 for 3 bedroom and £737 for 4 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £299. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £442. You should be generally be expecting around average £299 rent per month for single bedroom property, £503 for 2 bedroom, £658 for 3 bedroom and approximately £736 for 4 bedroom property in Cromwell Road, Melton Mowbray, LE13 area.

Popular Houses in Cromwell Road, Melton Mowbray, LE13

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 Cromwell Road, Melton Mowbray, LE13