East Mead, Welwyn Garden City, AL7

Street Guide For East Mead, Welwyn Garden City, AL7

 

East Mead, Welwyn Garden City, AL7 Map

Estimated Price: £300,638
Average Asking Price: £588,217
Price change in last one year: £23,514
Average Price Paid: £247,250
Average Rent Rates: £1,600

 

Property Prices Breakdown in East Mead, Welwyn Garden City, AL7

Average Price for property in East Mead, Welwyn Garden City, AL7 is around £300,638 which varies based on type of property you are interested in and ranges from £338,144 for detached house to around £340,349 for semi-detached. Similarly terraced house is around £278,261. Values have been changing and have risen £154 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £2,140 in last 6 months, £23,514 in last 1 year, £40,404 in last 2 years, £50,772 in last 3 years, £49,008 in last 4 years and £54,646 in last 5 years.

Currently average asking price of a property in East Mead, Welwyn Garden City, AL7 is around £588,217 based on approximately 1 properties for sale. Same is the case with rental options based on 40 properties up for rent, average asking rent is around £1,600 per month.

Estimated property value in East Mead, Welwyn Garden City, AL7 is £300,638. Average asking price is £588,217 while average price paid is £282,000 which is up by £23,514 and Avg. asking rent £1,600.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 East Mead, Welwyn Garden City, AL7 area. In last 1 year alone average price buyer paid is around £282,000 based on approximately 1 sales in East Mead, Welwyn Garden City, AL7 area alone. If you compare it to last 3 years sales of 1 properties where buyers paid around £282,000. 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 £247,250 for 2 and average amount paid for purchase of approx. 2 properties sold in last 7 years comes to about £247,250 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 £170,000, £229,225 for a 2 bedroom house, £312,058 for a 3 bedroom house and £465,043 for a 4 bedroom house. For a flat similarly the prices varies from £164,982 for a single bedroom to £204,989 for a 2 bedroom Flat. To sum up the asking prices for properties in East Mead, Welwyn Garden City, AL7 it comes to around average £166,236 for 1 bedroom property, £215,761 for 2 bedroom, £312,058 for 3 bedroom and £465,043 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 £750 for 1 bedroom to £1,049 for 2 bedroom, £1,192 for 3 bedroom and £1,445 for 4 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £753. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £1,007. You should be generally be expecting around average £753 rent per month for single bedroom property, £1,022 for 2 bedroom, £1,192 for 3 bedroom and approximately £1,445 for 4 bedroom property in East Mead, Welwyn Garden City, AL7 area.

Popular Houses in East Mead, Welwyn Garden City, AL7

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 East Mead, Welwyn Garden City, AL7