Engine Bank, Mepal, Ely, CB6

Street Guide For Engine Bank, Mepal, Ely, CB6

 

Engine Bank, Mepal, Ely, CB6 Map

Estimated Price: £472,514
Average Asking Price: £276,461
Price change in last one year: £37,153
Average Price Paid: £525,000
Average Rent Rates: £1,147

 

Property Prices Breakdown in Engine Bank, Mepal, Ely, CB6

Average Price for property in Engine Bank, Mepal, Ely, CB6 is around £472,514 e.g. average price for detached house is around 472,514. Values have been changing and have risen £1,576 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £5,030 in last 6 months, £37,153 in last 1 year, £58,526 in last 2 years, £67,374 in last 3 years, £76,502 in last 4 years and £77,623 in last 5 years.

Currently average asking price of a property in Engine Bank, Mepal, Ely, CB6 is around £276,461 based on approximately 1 properties for sale. Same is the case with rental options based on 47 properties up for rent, average asking rent is around £1,147 per month.

Estimated property value in Engine Bank, Mepal, Ely, CB6 is £472,514. Average asking price is £276,461 while average price paid is £525,000 which is up by £37,153 and Avg. asking rent £1,147.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 Engine Bank, Mepal, Ely, CB6 area. In last 1 year alone average price buyer paid is around £525,000 based on approximately 1 sales in Engine Bank, Mepal, Ely, CB6 area alone. If you compare it to last 3 years sales of 1 properties where buyers paid around £525,000. 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 £525,000 for 1 and average amount paid for purchase of approx. 1 properties sold in last 7 years comes to about £525,000 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 £60,000, £171,852 for a 2 bedroom house, £250,646 for a 3 bedroom house, £294,062 for a 4 bedroom house and £477,692 for a 5 bedroom house. For a flat similarly the prices varies from £81,250 for a single bedroom to £155,000 for a 2 bedroom Flat. To sum up the asking prices for properties in Engine Bank, Mepal, Ely, CB6 it comes to around average £70,625 for 1 bedroom property, £171,150 for 2 bedroom, £250,646 for 3 bedroom, £294,062 for 4 bedroom and £477,692 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 £559 for 1 bedroom to £766 for 2 bedrooms, £898 for 3 bedrooms, £1,186 for 4 bedrooms and £1,265 for 5 bedrooms house. But if you are interested in renting a 1 bedroom flat then rent per month can be around £576. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £589. You should be generally be expecting around average £566 rent per month for single bedroom property, £727 for 2 bedroom, £898 for 3 bedroom, £1,186 for 4 bedroom and approximately £1,265 for a 5 bedroom property in Engine Bank, Mepal, Ely, CB6 area.

Popular Houses in Engine Bank, Mepal, Ely, CB6

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 Engine Bank, Mepal, Ely, CB6