Faraday Avenue, Manchester, M8

Street Guide For Faraday Avenue, Manchester, M8

 
 

Faraday Avenue, Manchester, M8 Map

Estimated Price: £76,031
Average Asking Price: £155,315
Price change in last one year: £4,940
Average Price Paid: £84,000
Average Rent Rates: £590

BBP Estates
65 Canning Street, BURY , Greater Manchester BL9 5

Free House valuation

 

Property Prices Breakdown in Faraday Avenue, Manchester, M8

Average Price for property in Faraday Avenue, Manchester, M8 is around £76,031 which varies based on type of property you are interested in and ranges from £105,777 for semi-detached to around £74,841 for terraced house. Values have been changing and have risen £257 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £194 in last 6 months, £4,940 in last 1 year, £6,677 in last 2 years, £6,127 in last 3 years, £6,075 in last 4 years and £4,488 in last 5 years.

Currently average asking price of a property in Faraday Avenue, Manchester, M8 is around £155,315 based on approximately 1 properties for sale. Same is the case with rental options based on 79 properties up for rent, average asking rent is around £590 per month.

Estimated property value in Faraday Avenue, Manchester, M8 is £76,031. Average asking price is £155,315 while average price paid is £85,000 which is up by £4,940 and Avg. asking rent £590.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 Faraday Avenue, Manchester, M8 area. In last 1 year alone average price buyer paid is around £85,000 based on approximately 1 sales in Faraday Avenue, Manchester, M8 area alone. If you compare it to last 3 years sales of 4 properties where buyers paid around £83,750. 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 £84,000 for 5 and average amount paid for purchase of approx. 6 properties sold in last 7 years comes to about £86,166 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 £249,950, £79,127 for a 2 bedroom house, £132,374 for a 3 bedroom house, £187,054 for a 4 bedroom house and £388,667 for a 5 bedroom house. For a flat similarly the prices varies from £65,790 for a single bedroom to £90,409 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £107,500. To sum up the asking prices for properties in Faraday Avenue, Manchester, M8 it comes to around average £96,483 for 1 bedroom property, £85,075 for 2 bedroom, £131,545 for 3 bedroom, £187,054 for 4 bedroom and £388,667 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 £433 for 1 bedroom to £541 for 2 bedrooms, £660 for 3 bedrooms, £744 for 4 bedrooms and £1,196 for 5 bedrooms house. But if you are interested in renting a 1 bedroom flat then rent per month can be around £424. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £563, £615 for 3 bedroom and £693 for 4 bedroom. You should be generally be expecting around average £424 rent per month for single bedroom property, £558 for 2 bedroom, £656 for 3 bedroom, £731 for 4 bedroom and approximately £1,196 for a 5 bedroom property in Faraday Avenue, Manchester, M8 area.

Popular Houses in Faraday Avenue, Manchester, M8

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 Faraday Avenue, Manchester, M8