Drakes Avenue, Strood, Rochester, ME2

Street Guide For Drakes Avenue, Strood, Rochester, ME2

 

Drakes Avenue, Strood, Rochester, ME2 Map

Estimated Price: £270,347
Average Asking Price: £294,869
Price change in last one year: £21,054
Average Price Paid: £196,500
Average Rent Rates: £1,638

 

Property Prices Breakdown in Drakes Avenue, Strood, Rochester, ME2

Average Price for property in Drakes Avenue, Strood, Rochester, ME2 is around £270,347 e.g. average price for semi-detached is around 270,347. Values have been changing and have risen £884 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £3,790 in last 6 months, £21,054 in last 1 year, £33,946 in last 2 years, £40,880 in last 3 years, £38,347 in last 4 years and £34,956 in last 5 years.

Currently average asking price of a property in Drakes Avenue, Strood, Rochester, ME2 is around £294,869 based on approximately 0 properties for sale. Same is the case with rental options based on 44 properties up for rent, average asking rent is around £1,638 per month.

Estimated property value in Drakes Avenue, Strood, Rochester, ME2 is £270,347. Average asking price is £294,869 while average price paid is £184,375 which is up by £40,880 and Avg. asking rent £1,638.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 Drakes Avenue, Strood, Rochester, ME2 area. In last 3 years alone average price buyer paid is around £184,375 based on approximately 4 sales in Drakes Avenue, Strood, Rochester, ME2 area alone. If you compare it to last 5 years sales of 5 properties where buyers paid around £196,500. It has been same for some time now for e.g. if you take an average of amount paid in last 7 years, it comes to around £196,500 for 5 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 £48,333, £165,478 for a 2 bedroom house, £233,793 for a 3 bedroom house, £374,755 for a 4 bedroom house and £571,494 for a 5 bedroom house. For a flat similarly the prices varies from £103,523 for a single bedroom to £128,333 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £130,000. To sum up the asking prices for properties in Drakes Avenue, Strood, Rochester, ME2 it comes to around average £91,696 for 1 bedroom property, £158,049 for 2 bedroom, £231,835 for 3 bedroom, £374,755 for 4 bedroom and £571,494 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 £825 for 2 bedroom to £1,019 for 3 bedroom and £1,499 for 4 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £596. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £681 and £849 for 3 bedroom. You should be generally be expecting around average £596 rent per month for single bedroom property, £743 for 2 bedroom, £985 for 3 bedroom and approximately £1,500 for 4 bedroom property in Drakes Avenue, Strood, Rochester, ME2 area.

Popular Houses in Drakes Avenue, Strood, Rochester, ME2

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 Drakes Avenue, Strood, Rochester, ME2