Forest Link, Bilsthorpe, Newark, NG22

Street Guide For Forest Link, Bilsthorpe, Newark, NG22

 

Forest Link, Bilsthorpe, Newark, NG22 Map

Estimated Price: £204,850
Average Asking Price: £257,621
Price change in last one year: £13,569
Average Price Paid: £171,000
Average Rent Rates: £1,421

 

Property Prices Breakdown in Forest Link, Bilsthorpe, Newark, NG22

Average Price for property in Forest Link, Bilsthorpe, Newark, NG22 is around £204,850 which varies based on type of property you are interested in and ranges from £205,676 for detached house to around £171,825 for terraced house. Values have been changing and have risen £1,381 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £3,912 in last 6 months, £13,569 in last 1 year, £22,288 in last 2 years, £21,267 in last 3 years, £17,451 in last 4 years and £20,481 in last 5 years.

Currently average asking price of a property in Forest Link, Bilsthorpe, Newark, NG22 is around £257,621 based on approximately 2 properties for sale. Same is the case with rental options based on 38 properties up for rent, average asking rent is around £1,421 per month.

Estimated property value in Forest Link, Bilsthorpe, Newark, NG22 is £204,850. Average asking price is £257,621 while average price paid is £197,500 which is up by £13,569 and Avg. asking rent £1,421.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 Forest Link, Bilsthorpe, Newark, NG22 area. In last 1 year alone average price buyer paid is around £197,500 based on approximately 2 sales in Forest Link, Bilsthorpe, Newark, NG22 area alone. If you compare it to last 3 years sales of 7 properties where buyers paid around £173,571. 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 £171,000 for 8 and average amount paid for purchase of approx. 11 properties sold in last 7 years comes to about £171,090 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 £125,000, £107,078 for a 2 bedroom house, £167,696 for a 3 bedroom house, £317,990 for a 4 bedroom house and £516,287 for a 5 bedroom house. For a flat the prices of 2 bedroom is £89,995. To sum up the asking prices for properties in Forest Link, Bilsthorpe, Newark, NG22 it comes to around average £125,000 for 1 bedroom property, £104,801 for 2 bedroom, £167,696 for 3 bedroom, £317,990 for 4 bedroom and £516,287 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 £499 for 2 bedroom to £527 for 3 bedroom and £1,038 for 4 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £394. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £466. You should be generally be expecting around average £394 rent per month for single bedroom property, £488 for 2 bedroom, £527 for 3 bedroom and approximately £1,038 for 4 bedroom property in Forest Link, Bilsthorpe, Newark, NG22 area.

Popular Houses in Forest Link, Bilsthorpe, Newark, NG22

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 Forest Link, Bilsthorpe, Newark, NG22