Gorge Road, Dudley, DY3

Street Guide For Gorge Road, Dudley, DY3

 

Gorge Road, Dudley, DY3 Map

Estimated Price: £199,735
Average Asking Price: £150,547
Price change in last one year: £8,241
Average Price Paid: £162,375
Average Rent Rates: £560

 

Property Prices Breakdown in Gorge Road, Dudley, DY3

Average Price for property in Gorge Road, Dudley, DY3 is around £199,735 which varies based on type of property you are interested in and ranges from £229,631 for detached house to around £163,708 for semi-detached. Similarly terraced house is around £123,054. Values have been changing and have risen £40 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £2,469 in last 6 months, £8,241 in last 1 year, £16,247 in last 2 years, £16,123 in last 3 years, £9,283 in last 4 years and £3,940 in last 5 years.

Currently average asking price of a property in Gorge Road, Dudley, DY3 is around £150,547 based on approximately 1 properties for sale. Same is the case with rental options based on 10 properties up for rent, average asking rent is around £560 per month.

Estimated property value in Gorge Road, Dudley, DY3 is £199,735. Average asking price is £150,547 while average price paid is £250,000 which is up by £8,241 and Avg. asking rent £560.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 Gorge Road, Dudley, DY3 area. In last 1 year alone average price buyer paid is around £250,000 based on approximately 1 sales in Gorge Road, Dudley, DY3 area alone. If you compare it to last 3 years sales of 2 properties where buyers paid around £176,000. 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 £162,375 for 4 and average amount paid for purchase of approx. 6 properties sold in last 7 years comes to about £161,833 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 £99,995, £118,648 for a 2 bedroom house, £155,294 for a 3 bedroom house, £247,177 for a 4 bedroom house and £297,475 for a 5 bedroom house. For a flat similarly the prices varies from £74,245 for a single bedroom to £108,581 for a 2 bedroom Flat. To sum up the asking prices for properties in Gorge Road, Dudley, DY3 it comes to around average £76,391 for 1 bedroom property, £116,775 for 2 bedroom, £155,294 for 3 bedroom, £247,177 for 4 bedroom and £297,475 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 £527 for 2 bedroom to £639 for 3 bedroom and £676 for 4 bedroom. But if you are interested in renting a 2 bedroom flat then rent per month can be around £509. You should be generally be expecting around average £522 rent per month for 2 bedroom property, £639 for 3 bedroom and approximately £676 for 4 bedroom property in Gorge Road, Dudley, DY3 area.

Popular Houses in Gorge Road, Dudley, DY3

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 Gorge Road, Dudley, DY3