Fairbank Close, Ongar, CM5

Street Guide For Fairbank Close, Ongar, CM5

 

Fairbank Close, Ongar, CM5 Map

Estimated Price: £267,937
Average Asking Price: £598,206
Price change in last one year: £18,157
Average Price Paid: £216,900
Average Rent Rates: £2,141

 

Property Prices Breakdown in Fairbank Close, Ongar, CM5

Average Price for property in Fairbank Close, Ongar, CM5 is around £267,937 which varies based on type of property you are interested in and ranges from £348,577 for detached house to around £266,945 for semi-detached. Similarly terraced house is around £257,649. Values have been changing and have risen £261 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £1,414 in last 6 months, £18,157 in last 1 year, £28,096 in last 2 years, £34,197 in last 3 years, £29,823 in last 4 years and £31,844 in last 5 years.

Currently average asking price of a property in Fairbank Close, Ongar, CM5 is around £598,206 based on approximately 1 properties for sale. Same is the case with rental options based on 16 properties up for rent, average asking rent is around £2,141 per month.

Estimated property value in Fairbank Close, Ongar, CM5 is £267,937. Average asking price is £598,206 while average price paid is £223,500 which is up by £18,157 and Avg. asking rent £2,141.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 Fairbank Close, Ongar, CM5 area. In last 1 year alone average price buyer paid is around £223,500 based on approximately 1 sales in Fairbank Close, Ongar, CM5 area alone. If you compare it to last 3 years sales of 5 properties where buyers paid around £220,600. 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 £216,900 for 10 and average amount paid for purchase of approx. 13 properties sold in last 7 years comes to about £213,000 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 £243,332, £333,315 for a 2 bedroom house, £598,989 for a 3 bedroom house, £696,150 for a 4 bedroom house and £1,024,998 for a 5 bedroom house. For a flat similarly the prices varies from £135,884 for a single bedroom to £219,983 for a 2 bedroom Flat. To sum up the asking prices for properties in Fairbank Close, Ongar, CM5 it comes to around average £160,679 for 1 bedroom property, £276,649 for 2 bedroom, £598,989 for 3 bedroom, £696,150 for 4 bedroom and £1,024,998 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 £524 for 1 bedroom to £1,395 for 3 bedroom and £1,625 for 4 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £787. You should be generally be expecting around average £656 rent per month for single bedroom property, £1,395 for 3 bedroom and approximately £1,625 for 4 bedroom property in Fairbank Close, Ongar, CM5 area.

Popular Houses in Fairbank Close, Ongar, CM5

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 Fairbank Close, Ongar, CM5