Fornham Road, Bury St. Edmunds, IP32

Street Guide For Fornham Road, Bury St. Edmunds, IP32

 

Fornham Road, Bury St. Edmunds, IP32 Map

Estimated Price: £301,241
Average Asking Price: £230,036
Price change in last one year: £20,089
Average Price Paid: £261,600
Average Rent Rates: £2,629

 

Property Prices Breakdown in Fornham Road, Bury St. Edmunds, IP32

Average Price for property in Fornham Road, Bury St. Edmunds, IP32 is around £301,241 which varies based on type of property you are interested in and ranges from £406,911 for detached house to around £291,055 for semi-detached. Similarly terraced house is around £263,812. Values have been changing and have risen £1,756 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £3,027 in last 6 months, £20,089 in last 1 year, £30,312 in last 2 years, £37,679 in last 3 years, £43,555 in last 4 years and £41,591 in last 5 years.

Currently average asking price of a property in Fornham Road, Bury St. Edmunds, IP32 is around £230,036 based on approximately 5 properties for sale. Same is the case with rental options based on 37 properties up for rent, average asking rent is around £2,629 per month.

Estimated property value in Fornham Road, Bury St. Edmunds, IP32 is £301,241. Average asking price is £230,036 while average price paid is £278,900 which is up by £20,089 and Avg. asking rent £2,629.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 Fornham Road, Bury St. Edmunds, IP32 area. In last 1 year alone average price buyer paid is around £278,900 based on approximately 5 sales in Fornham Road, Bury St. Edmunds, IP32 area alone. If you compare it to last 3 years sales of 17 properties where buyers paid around £286,500. 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 £261,600 for 30 and average amount paid for purchase of approx. 37 properties sold in last 7 years comes to about £250,404 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 £114,975, £158,333 for a 2 bedroom house, £206,556 for a 3 bedroom house and £354,167 for a 4 bedroom house. For a flat similarly the prices varies from £87,500 for a single bedroom to £170,000 for a 2 bedroom Flat. To sum up the asking prices for properties in Fornham Road, Bury St. Edmunds, IP32 it comes to around average £105,817 for 1 bedroom property, £161,250 for 2 bedroom, £206,556 for 3 bedroom and £354,167 for 4 bedroom.

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 £693 for 2 bedroom to £980 for 3 bedroom and £1,950 for 4 bedroom. You should be generally be expecting around average £693 rent per month for 2 bedroom property, £980 for 3 bedroom and approximately £1,950 for 4 bedroom property in Fornham Road, Bury St. Edmunds, IP32 area.

Popular Houses in Fornham Road, Bury St. Edmunds, IP32

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 Fornham Road, Bury St. Edmunds, IP32