Gerard Road, Cambridge, CB5

Street Guide For Gerard Road, Cambridge, CB5

 

Gerard Road, Cambridge, CB5 Map

Estimated Price: £293,448
Average Asking Price: £496,526
Price change in last one year: £23,246
Average Price Paid: £238,500
Average Rent Rates: £1,355

 

Property Prices Breakdown in Gerard Road, Cambridge, CB5

Average Price for property in Gerard Road, Cambridge, CB5 is around £293,448 which varies based on type of property you are interested in and ranges from £289,010 for semi-detached to around £306,764 for terraced house. Values have been changing and have risen £46 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £221 in last 6 months, £23,246 in last 1 year, £35,963 in last 2 years, £44,810 in last 3 years, £50,022 in last 4 years and £51,517 in last 5 years.

Currently average asking price of a property in Gerard Road, Cambridge, CB5 is around £496,526 based on approximately 0 properties for sale. Same is the case with rental options based on 47 properties up for rent, average asking rent is around £1,355 per month.

Estimated property value in Gerard Road, Cambridge, CB5 is £293,448. Average asking price is £496,526 while average price paid is £238,500 which is up by £51,517 and Avg. asking rent £1,355.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 Gerard Road, Cambridge, CB5 area. In last 5 years alone average price buyer paid is around £238,500 based on approximately 1 sales in Gerard Road, Cambridge, CB5 area alone. If you compare it to last 7 years sales of 2 properties where buyers paid around £236,750.

 
 

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 £322,500, £358,333 for a 3 bedroom house and £1,430,000 for a 4 bedroom house. For a flat similarly the prices varies from £297,500 for a single bedroom to £478,333 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £698,500. To sum up the asking prices for properties in Gerard Road, Cambridge, CB5 it comes to around average £297,500 for 1 bedroom property, £416,000 for 2 bedroom, £552,714 for 3 bedroom and £1,430,000 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 £451 for 1 bedroom to £1,023 for 2 bedrooms, £1,337 for 3 bedrooms, £2,128 for 4 bedrooms and £1,694 for 5 bedrooms house. But if you are interested in renting a 1 bedroom flat then rent per month can be around £1,038. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £1,205, £1,651 for 3 bedroom and £2,409 for 4 bedroom. You should be generally be expecting around average £908 rent per month for single bedroom property, £1,144 for 2 bedroom, £1,400 for 3 bedroom, £2,174 for 4 bedroom and approximately £1,694 for a 5 bedroom property in Gerard Road, Cambridge, CB5 area.

Popular Houses in Gerard Road, Cambridge, CB5

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 Gerard Road, Cambridge, CB5