CT8

Real Estate Area Guide For CT8

 
 

CT8 Map

Estimated Price: £196,972
Average Asking Price: £242,755
Price change in last one year: £13,400
Average Price Paid: £166,748
Average Rent Rates: £529

Redstones
Marlowe Innovation Centre, Marlowe Way, Ramsgate,

Free House valuation

 

Property Prices Breakdown in CT8

Average Price for property in CT8 is around £196,972 which varies based on type of property you are interested in and ranges from £306,067 for detached house to around £210,450 for semi-detached. Similarly terraced house is around £187,033 and a flat is worth £157,174. Values have been changing and have risen £31 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £1,192 in last 6 months, £13,400 in last 1 year, £26,171 in last 2 years, £29,244 in last 3 years, £21,365 in last 4 years and £26,787 in last 5 years.

Currently average asking price of a property in CT8 is around £242,755 based on approximately 156 properties for sale. Same is the case with rental options based on 6 properties up for rent, average asking rent is around £529 per month.

Estimated property value in CT8 is £196,972. Average asking price is £242,755 while average price paid is £183,712 which is up by £13,400 and Avg. asking rent £529.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 CT8 area. In last 1 year alone average price buyer paid is around £183,712 based on approximately 156 sales in CT8 area alone. If you compare it to last 3 years sales of 436 properties where buyers paid around £169,184. 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 £166,748 for 695 and average amount paid for purchase of approx. 927 properties sold in last 7 years comes to about £166,647 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 £116,250, £215,349 for a 2 bedroom house, £216,774 for a 3 bedroom house, £308,839 for a 4 bedroom house and £432,488 for a 5 bedroom house. For a flat similarly the prices varies from £109,682 for a single bedroom to £232,390 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £156,248 and £595,000 for a 4 bedroom flat. To sum up the asking prices for properties in CT8 it comes to around average £110,620 for 1 bedroom property, £228,414 for 2 bedroom, £203,323 for 3 bedroom, £334,854 for 4 bedroom and £432,488 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 is £750 for 3 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £384. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £537. You should be generally be expecting around average £384 rent per month for single bedroom property, £538 for 2 bedroom and approximately £750 for 3 bedroom property in CT8 area.

Popular Houses in CT8

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.

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