Average Price for property in New Romney is around £257,962 which varies based on type of property you are interested in and ranges from £308,472 for detached house to around £225,405 for semi-detached. Similarly terraced house is around £186,738 and a flat is worth £141,694. Values have been changing and have risen £787 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £2,843 in last 6 months, £17,954 in last 1 year, £29,411 in last 2 years, £35,222 in last 3 years, £26,250 in last 4 years and £32,277 in last 5 years.
Currently average asking price of a property in New Romney is around £242,338 based on approximately 158 properties for sale. Same is the case with rental options based on 8 properties up for rent, average asking rent is around £655 per month.
Estimated property value in New Romney is £257,962. Average asking price is £242,338 while average price paid is £222,523 which is up by £17,954 and Avg. asking rent £655.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 New Romney area. In last 1 year alone average price buyer paid is around £222,523 based on approximately 158 sales in New Romney area alone. If you compare it to last 3 years sales of 450 properties where buyers paid around £215,910. 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 £212,192 for 713 and average amount paid for purchase of approx. 956 properties sold in last 7 years comes to about £209,599 per sale.