Garrod Approach, Melton, Woodbridge, IP12

Street Guide For Garrod Approach, Melton, Woodbridge, IP12

 

Garrod Approach, Melton, Woodbridge, IP12 Map

Estimated Price: £541,019
Average Asking Price: £372,070
Price change in last one year: £40,631
Average Price Paid: £432,460
Average Rent Rates: £633

 

Property Prices Breakdown in Garrod Approach, Melton, Woodbridge, IP12

Average Price for property in Garrod Approach, Melton, Woodbridge, IP12 is around £541,019 which varies based on type of property you are interested in and ranges from £589,049 for detached house to around £364,027 for semi-detached. Similarly terraced house is around £366,019. Values have been changing and have risen £3,911 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £6,741 in last 6 months, £40,631 in last 1 year, £66,381 in last 2 years, £72,338 in last 3 years, £77,261 in last 4 years and £78,311 in last 5 years.

Currently average asking price of a property in Garrod Approach, Melton, Woodbridge, IP12 is around £372,070 based on approximately 2 properties for sale. Same is the case with rental options based on 17 properties up for rent, average asking rent is around £633 per month.

Estimated property value in Garrod Approach, Melton, Woodbridge, IP12 is £541,019. Average asking price is £372,070 while average price paid is £687,500 which is up by £40,631 and Avg. asking rent £633.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 Garrod Approach, Melton, Woodbridge, IP12 area. In last 1 year alone average price buyer paid is around £687,500 based on approximately 2 sales in Garrod Approach, Melton, Woodbridge, IP12 area alone. If you compare it to last 3 years sales of 9 properties where buyers paid around £429,055. 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 £432,460 for 14 and average amount paid for purchase of approx. 17 properties sold in last 7 years comes to about £432,320 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 £87,500, £269,866 for a 2 bedroom house, £317,507 for a 3 bedroom house, £478,701 for a 4 bedroom house and £541,250 for a 5 bedroom house. For a flat similarly the prices varies from £140,296 for a single bedroom to £191,993 for a 2 bedroom Flat. To sum up the asking prices for properties in Garrod Approach, Melton, Woodbridge, IP12 it comes to around average £136,525 for 1 bedroom property, £253,834 for 2 bedroom, £317,507 for 3 bedroom, £478,701 for 4 bedroom and £541,250 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 £540 for 2 bedroom to £709 for 3 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £494. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £599. You should be generally be expecting around average £494 rent per month for single bedroom property, £574 for 2 bedroom and approximately £709 for 3 bedroom property in Garrod Approach, Melton, Woodbridge, IP12 area.

Popular Houses in Garrod Approach, Melton, Woodbridge, IP12

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 Garrod Approach, Melton, Woodbridge, IP12