Fern Drive, Malvern, WR14

Street Guide For Fern Drive, Malvern, WR14

 

Fern Drive, Malvern, WR14 Map

Estimated Price: £217,311
Average Asking Price: £247,778
Price change in last one year: £15,872
Average Price Paid: £191,749
Average Rent Rates: £671

 

Property Prices Breakdown in Fern Drive, Malvern, WR14

Average Price for property in Fern Drive, Malvern, WR14 is around £217,311 e.g. average price for detached house is around 217,311. Values have been changing and have risen £2,171 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £5,255 in last 6 months, £15,872 in last 1 year, £24,958 in last 2 years, £28,034 in last 3 years, £28,678 in last 4 years and £23,022 in last 5 years.

Currently average asking price of a property in Fern Drive, Malvern, WR14 is around £247,778 based on approximately 2 properties for sale. Same is the case with rental options based on 61 properties up for rent, average asking rent is around £671 per month.

Estimated property value in Fern Drive, Malvern, WR14 is £217,311. Average asking price is £247,778 while average price paid is £200,250 which is up by £15,872 and Avg. asking rent £671.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 Fern Drive, Malvern, WR14 area. In last 1 year alone average price buyer paid is around £200,250 based on approximately 2 sales in Fern Drive, Malvern, WR14 area alone. If you compare it to last 3 years sales of 2 properties where buyers paid around £200,250. 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 £191,749 for 6 and average amount paid for purchase of approx. 6 properties sold in last 7 years comes to about £191,749 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 £116,650, £192,217 for a 2 bedroom house, £227,342 for a 3 bedroom house, £377,533 for a 4 bedroom house and £361,383 for a 5 bedroom house. For a flat similarly the prices varies from £131,067 for a single bedroom to £170,959 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £243,125. To sum up the asking prices for properties in Fern Drive, Malvern, WR14 it comes to around average £129,404 for 1 bedroom property, £180,687 for 2 bedroom, £230,640 for 3 bedroom, £377,533 for 4 bedroom and £361,383 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 £646 for 2 bedroom to £785 for 3 bedroom and £1,149 for 4 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £502. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £607 and £702 for 3 bedroom. You should be generally be expecting around average £502 rent per month for single bedroom property, £622 for 2 bedroom, £758 for 3 bedroom and approximately £1,149 for 4 bedroom property in Fern Drive, Malvern, WR14 area.

Popular Houses in Fern Drive, Malvern, WR14

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 Fern Drive, Malvern, WR14