Fairlawns, Newmarket, CB8

Street Guide For Fairlawns, Newmarket, CB8

 

Fairlawns, Newmarket, CB8 Map

Estimated Price: £272,500
Average Asking Price: £534,959
Price change in last one year: £18,529
Average Price Paid: £179,713
Average Rent Rates: £1,412

 

Property Prices Breakdown in Fairlawns, Newmarket, CB8

Average Price for property in Fairlawns, Newmarket, CB8 is around £272,500 which varies based on type of property you are interested in and ranges from £344,970 for detached house to around £306,069 for semi-detached. Similarly terraced house is around £261,582 and a flat is worth £247,863. Values have been changing and have risen £234 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £617 in last 6 months, £18,529 in last 1 year, £27,096 in last 2 years, £36,041 in last 3 years, £38,469 in last 4 years and £39,222 in last 5 years.

Currently average asking price of a property in Fairlawns, Newmarket, CB8 is around £534,959 based on approximately 1 properties for sale. Same is the case with rental options based on 70 properties up for rent, average asking rent is around £1,412 per month.

Estimated property value in Fairlawns, Newmarket, CB8 is £272,500. Average asking price is £534,959 while average price paid is £182,000 which is up by £18,529 and Avg. asking rent £1,412.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 Fairlawns, Newmarket, CB8 area. In last 1 year alone average price buyer paid is around £182,000 based on approximately 1 sales in Fairlawns, Newmarket, CB8 area alone. If you compare it to last 3 years sales of 4 properties where buyers paid around £181,873. 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 £179,713 for 7 and average amount paid for purchase of approx. 11 properties sold in last 7 years comes to about £193,240 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 £114,750, £174,378 for a 2 bedroom house, £371,632 for a 3 bedroom house, £545,861 for a 4 bedroom house and £840,154 for a 5 bedroom house. For a flat similarly the prices varies from £117,500 for a single bedroom to £230,082 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £235,000. To sum up the asking prices for properties in Fairlawns, Newmarket, CB8 it comes to around average £116,812 for 1 bedroom property, £204,926 for 2 bedroom, £362,523 for 3 bedroom, £545,861 for 4 bedroom and £840,154 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 £804 for 2 bedroom to £1,390 for 3 bedroom, £1,363 for 4 bedroom and £1,830 for 5 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £594. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £924. You should be generally be expecting around average £594 rent per month for single bedroom property, £861 for 2 bedroom, £1,390 for 3 bedroom, £1,363 for 4 bedroom and approximately £1,830 for a 5 bedroom property in Fairlawns, Newmarket, CB8 area.

Popular Houses in Fairlawns, Newmarket, CB8

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 Fairlawns, Newmarket, CB8