Elgar Drive, Kempsey, Worcester, WR5

Street Guide For Elgar Drive, Kempsey, Worcester, WR5

 

Elgar Drive, Kempsey, Worcester, WR5 Map

Estimated Price: £358,111
Average Asking Price: £245,165
Price change in last one year: £21,927
Average Price Paid: £302,000
Average Rent Rates: £728

 

Property Prices Breakdown in Elgar Drive, Kempsey, Worcester, WR5

Average Price for property in Elgar Drive, Kempsey, Worcester, WR5 is around £358,111 which varies based on type of property you are interested in and ranges from £369,779 for detached house to around £323,107 for semi-detached. Values have been changing and have risen £1,839 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £2,948 in last 6 months, £21,927 in last 1 year, £35,434 in last 2 years, £41,683 in last 3 years, £36,646 in last 4 years and £39,711 in last 5 years.

Currently average asking price of a property in Elgar Drive, Kempsey, Worcester, WR5 is around £245,165 based on approximately 2 properties for sale. Same is the case with rental options based on 69 properties up for rent, average asking rent is around £728 per month.

Estimated property value in Elgar Drive, Kempsey, Worcester, WR5 is £358,111. Average asking price is £245,165 while average price paid is £302,000 which is up by £21,927 and Avg. asking rent £728.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 Elgar Drive, Kempsey, Worcester, WR5 area. In last 1 year alone average price buyer paid is around £302,000 based on approximately 2 sales in Elgar Drive, Kempsey, Worcester, WR5 area alone. If you compare it to last 3 years sales of 2 properties where buyers paid around £302,000. 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 £302,000 for 2 and average amount paid for purchase of approx. 5 properties sold in last 7 years comes to about £291,300 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 £142,158, £180,561 for a 2 bedroom house, £218,300 for a 3 bedroom house, £329,472 for a 4 bedroom house and £397,653 for a 5 bedroom house. For a flat similarly the prices varies from £108,692 for a single bedroom to £157,136 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £222,250. To sum up the asking prices for properties in Elgar Drive, Kempsey, Worcester, WR5 it comes to around average £116,415 for 1 bedroom property, £168,504 for 2 bedroom, £218,382 for 3 bedroom, £329,472 for 4 bedroom and £397,653 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 £458 for 1 bedroom to £638 for 2 bedrooms, £797 for 3 bedrooms, £890 for 4 bedrooms and £532 for 5 bedrooms house. But if you are interested in renting a 1 bedroom flat then rent per month can be around £495. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £646. You should be generally be expecting around average £480 rent per month for single bedroom property, £641 for 2 bedroom, £797 for 3 bedroom, £890 for 4 bedroom and approximately £532 for a 5 bedroom property in Elgar Drive, Kempsey, Worcester, WR5 area.

Popular Houses in Elgar Drive, Kempsey, Worcester, WR5

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 Elgar Drive, Kempsey, Worcester, WR5