Ferring Lane, Ferring, Worthing, BN12

Street Guide For Ferring Lane, Ferring, Worthing, BN12

 

Ferring Lane, Ferring, Worthing, BN12 Map

Estimated Price: £469,852
Average Asking Price: £388,959
Price change in last one year: £26,762
Average Price Paid: £396,206
Average Rent Rates: £1,410

 

Property Prices Breakdown in Ferring Lane, Ferring, Worthing, BN12

Average Price for property in Ferring Lane, Ferring, Worthing, BN12 is around £469,852 which varies based on type of property you are interested in and ranges from £478,020 for detached house to around £286,049 for semi-detached. Values have been changing and have risen £683 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £1,733 in last 6 months, £26,762 in last 1 year, £54,886 in last 2 years, £62,222 in last 3 years, £60,735 in last 4 years and £59,417 in last 5 years.

Currently average asking price of a property in Ferring Lane, Ferring, Worthing, BN12 is around £388,959 based on approximately 5 properties for sale. Same is the case with rental options based on 28 properties up for rent, average asking rent is around £1,410 per month.

Estimated property value in Ferring Lane, Ferring, Worthing, BN12 is £469,852. Average asking price is £388,959 while average price paid is £392,660 which is up by £26,762 and Avg. asking rent £1,410.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 Ferring Lane, Ferring, Worthing, BN12 area. In last 1 year alone average price buyer paid is around £392,660 based on approximately 5 sales in Ferring Lane, Ferring, Worthing, BN12 area alone. If you compare it to last 3 years sales of 13 properties where buyers paid around £354,561. 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 £396,206 for 16 and average amount paid for purchase of approx. 19 properties sold in last 7 years comes to about £378,121 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 £167,648, £318,191 for a 2 bedroom house, £348,067 for a 3 bedroom house, £523,155 for a 4 bedroom house and £604,990 for a 5 bedroom house. For a flat similarly the prices varies from £160,000 for a single bedroom to £241,451 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £239,167 and £746,667 for a 4 bedroom flat. To sum up the asking prices for properties in Ferring Lane, Ferring, Worthing, BN12 it comes to around average £163,278 for 1 bedroom property, £279,821 for 2 bedroom, £332,130 for 3 bedroom, £543,474 for 4 bedroom and £604,990 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 £1,055 for 2 bedroom to £1,233 for 3 bedroom and £1,725 for 4 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £624. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £778. You should be generally be expecting around average £624 rent per month for single bedroom property, £870 for 2 bedroom, £1,233 for 3 bedroom and approximately £1,724 for 4 bedroom property in Ferring Lane, Ferring, Worthing, BN12 area.

Popular Houses in Ferring Lane, Ferring, Worthing, BN12

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 Ferring Lane, Ferring, Worthing, BN12