Farnborough Drive, Sunderland, SR3

Street Guide For Farnborough Drive, Sunderland, SR3

 

Farnborough Drive, Sunderland, SR3 Map

Estimated Price: £227,588
Average Asking Price: £172,260
Price change in last one year: £2,173
Average Price Paid: £195,000
Average Rent Rates: £530

 

Property Prices Breakdown in Farnborough Drive, Sunderland, SR3

Average Price for property in Farnborough Drive, Sunderland, SR3 is around £227,588 which varies based on type of property you are interested in and ranges from £231,638 for detached house to around £215,438 for semi-detached. Values have been changing and have risen £200 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £2,607 in last 6 months, £2,173 in last 1 year, £12,936 in last 2 years, £11,234 in last 3 years, £4,939 in last 4 years and £6,221 in last 5 years.

Currently average asking price of a property in Farnborough Drive, Sunderland, SR3 is around £172,260 based on approximately 1 properties for sale. Same is the case with rental options based on 48 properties up for rent, average asking rent is around £530 per month.

Estimated property value in Farnborough Drive, Sunderland, SR3 is £227,588. Average asking price is £172,260 while average price paid is £200,000 which is up by £2,173 and Avg. asking rent £530.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 Farnborough Drive, Sunderland, SR3 area. In last 1 year alone average price buyer paid is around £200,000 based on approximately 1 sales in Farnborough Drive, Sunderland, SR3 area alone. If you compare it to last 3 years sales of 1 properties where buyers paid around £200,000. 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 £195,000 for 2 and average amount paid for purchase of approx. 4 properties sold in last 7 years comes to about £195,750 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 2 bedroom is around £126,158, £158,522 for a 3 bedroom house, £253,287 for a 4 bedroom house and £251,646 for a 5 bedroom house. For a flat similarly the prices varies from £63,325 for a single bedroom to £73,131 for a 2 bedroom Flat. Same is the case with 5 bedroom flat £179,950. To sum up the asking prices for properties in Farnborough Drive, Sunderland, SR3 it comes to around average £63,325 for 1 bedroom property, £111,008 for 2 bedroom, £158,522 for 3 bedroom, £253,287 for 4 bedroom and £246,131 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 £399 for 1 bedroom to £489 for 2 bedroom, £544 for 3 bedroom and £919 for 4 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £451. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £460 and £455 for 3 bedroom. You should be generally be expecting around average £425 rent per month for single bedroom property, £467 for 2 bedroom, £532 for 3 bedroom and approximately £918 for 4 bedroom property in Farnborough Drive, Sunderland, SR3 area.

Popular Houses in Farnborough Drive, Sunderland, SR3

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 Farnborough Drive, Sunderland, SR3