Fern Drive, Spalding, PE11

Street Guide For Fern Drive, Spalding, PE11

 

Fern Drive, Spalding, PE11 Map

Estimated Price: £310,187
Average Asking Price: £202,736
Price change in last one year: £19,980
Average Price Paid: £239,700
Average Rent Rates: £725

 

Property Prices Breakdown in Fern Drive, Spalding, PE11

Average Price for property in Fern Drive, Spalding, PE11 is around £310,187 e.g. average price for detached house is around 310,187. Values have been changing and have risen £1,777 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £4,257 in last 6 months, £19,980 in last 1 year, £34,572 in last 2 years, £36,296 in last 3 years, £35,752 in last 4 years and £26,808 in last 5 years.

Currently average asking price of a property in Fern Drive, Spalding, PE11 is around £202,736 based on approximately 1 properties for sale. Same is the case with rental options based on 27 properties up for rent, average asking rent is around £725 per month.

Estimated property value in Fern Drive, Spalding, PE11 is £310,187. Average asking price is £202,736 while average price paid is £295,000 which is up by £19,980 and Avg. asking rent £725.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, Spalding, PE11 area. In last 1 year alone average price buyer paid is around £295,000 based on approximately 1 sales in Fern Drive, Spalding, PE11 area alone. If you compare it to last 3 years sales of 3 properties where buyers paid around £247,500. 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 £239,700 for 5 and average amount paid for purchase of approx. 7 properties sold in last 7 years comes to about £241,928 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 £131,837, £176,196 for a 3 bedroom house, £244,597 for a 4 bedroom house and £331,118 for a 5 bedroom house. For a flat similarly the prices varies from £79,372 for a single bedroom to £88,725 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £108,725. To sum up the asking prices for properties in Fern Drive, Spalding, PE11 it comes to around average £79,372 for 1 bedroom property, £127,918 for 2 bedroom, £174,819 for 3 bedroom, £244,597 for 4 bedroom and £331,118 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 £520 for 1 bedroom to £689 for 2 bedroom, £669 for 3 bedroom and £735 for 4 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £464. You should be generally be expecting around average £482 rent per month for single bedroom property, £689 for 2 bedroom, £669 for 3 bedroom and approximately £735 for 4 bedroom property in Fern Drive, Spalding, PE11 area.

Popular Houses in Fern Drive, Spalding, PE11

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, Spalding, PE11