Cross Lane, Gorton, Manchester, M18

Street Guide For Cross Lane, Gorton, Manchester, M18

 

Cross Lane, Gorton, Manchester, M18 Map

Estimated Price: £78,502
Average Asking Price: £106,874
Price change in last one year: £6,108
Average Price Paid: £66,833
Average Rent Rates: £506

 

Property Prices Breakdown in Cross Lane, Gorton, Manchester, M18

Average Price for property in Cross Lane, Gorton, Manchester, M18 is around £78,502 which varies based on type of property you are interested in and ranges from £93,224 for semi-detached to around £77,635 for terraced house. Values have been changing and have risen £422 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £1,232 in last 6 months, £6,108 in last 1 year, £8,823 in last 2 years, £8,261 in last 3 years, £9,350 in last 4 years and £6,539 in last 5 years.

Currently average asking price of a property in Cross Lane, Gorton, Manchester, M18 is around £106,874 based on approximately 1 properties for sale. Same is the case with rental options based on 45 properties up for rent, average asking rent is around £506 per month.

Estimated property value in Cross Lane, Gorton, Manchester, M18 is £78,502. Average asking price is £106,874 while average price paid is £88,000 which is up by £6,108 and Avg. asking rent £506.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 Cross Lane, Gorton, Manchester, M18 area. In last 1 year alone average price buyer paid is around £88,000 based on approximately 1 sales in Cross Lane, Gorton, Manchester, M18 area alone. If you compare it to last 3 years sales of 2 properties where buyers paid around £77,750. 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 £66,833 for 3 and average amount paid for purchase of approx. 3 properties sold in last 7 years comes to about £66,833 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 £69,962, £81,304 for a 2 bedroom house, £105,845 for a 3 bedroom house and £142,233 for a 4 bedroom house. For a flat similarly the prices varies from £84,450 for a single bedroom to £71,667 for a 2 bedroom Flat. To sum up the asking prices for properties in Cross Lane, Gorton, Manchester, M18 it comes to around average £78,011 for 1 bedroom property, £80,676 for 2 bedroom, £105,845 for 3 bedroom and £142,233 for 4 bedroom.

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 £576 for 1 bedroom to £477 for 2 bedroom and £606 for 3 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £438. 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 £484 rent per month for single bedroom property, £473 for 2 bedroom and approximately £606 for 3 bedroom property in Cross Lane, Gorton, Manchester, M18 area.

Popular Houses in Cross Lane, Gorton, Manchester, M18

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 Cross Lane, Gorton, Manchester, M18