Darwen

Area Guide For Darwen

Darwen is a Business/Market and is located in Lancashire. Its Northerly neighbour are Blackburn and it forms the borough of Blackburn with ‘. It is civil parish and classed as a unitary authority area. The Locals call the town Darren and the resident are name “Darreners”. The towns sit on the River Darwen which goes from south to north and is noticeable only in the outskirts of the town. In the town centre runs a underground. The countryside offers a lot activities such as bike riding to horse riding.

 
 

Darwen Map

Estimated Price: £118,117
Average Asking Price: £141,082
Price change in last one year: £6,664
Average Price Paid: £103,890
Average Rent Rates: £453

 
 

Property Prices Breakdown in Darwen

Average Price for property in Darwen is around £118,117 which varies based on type of property you are interested in and ranges from £213,125 for detached house to around £139,163 for semi-detached. Similarly terraced house is around £84,251 and a flat is worth £101,615. Values have been changing and have risen £1,232 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £4,071 in last 6 months, £6,664 in last 1 year, £8,898 in last 2 years, £11,543 in last 3 years, £8,716 in last 4 years and £9,447 in last 5 years.

Currently average asking price of a property in Darwen is around £141,082 based on approximately 412 properties for sale. Same is the case with rental options based on 127 properties up for rent, average asking rent is around £453 per month.

Estimated property value in Darwen is £118,117. Average asking price is £141,082 while average price paid is £105,330 which is up by £6,664 and Avg. asking rent £453.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 Darwen area. In last 1 year alone average price buyer paid is around £105,330 based on approximately 412 sales in Darwen area alone. If you compare it to last 3 years sales of 1,118 properties where buyers paid around £103,967. 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 £103,890 for 1,785 and average amount paid for purchase of approx. 2,595 properties sold in last 7 years comes to about £106,347 per sale.

 
 

Properties For Sale in Darwen

 
 

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 £70,490, £80,698 for a 2 bedroom house, £140,060 for a 3 bedroom house, £243,689 for a 4 bedroom house and £370,396 for a 5 bedroom house. For a flat similarly the prices varies from £72,825 for a single bedroom to £114,200 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £79,950. To sum up the asking prices for properties in Darwen it comes to around average £71,764 for 1 bedroom property, £82,866 for 2 bedroom, £139,717 for 3 bedroom, £243,689 for 4 bedroom and £370,396 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 £412 for 1 bedroom to £409 for 2 bedroom, £475 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 £376. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £507 and £641 for 3 bedroom. You should be generally be expecting around average £378 rent per month for single bedroom property, £430 for 2 bedroom, £484 for 3 bedroom and approximately £737 for 4 bedroom property in Darwen area.

Popular Houses in Darwen

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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