Values have been changing and have risen £135 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £1,869 in last 6 months, £20,545 in last 1 year, £35,302 in last 2 years, £44,358 in last 3 years, £42,817 in last 4 years and £47,744 in last 5 years.
Currently average asking price of a property in Grove Meadow, Welwyn Garden City, AL7 is around £588,217 based on approximately 2 properties for sale. Same is the case with rental options based on 40 properties up for rent, average asking rent is around £1,600 per month.
Estimated property value in Grove Meadow, Welwyn Garden City, AL7 is £254,023. Average asking price is £588,217 while average price paid is £293,500 which is up by £20,545 and Avg. asking rent £1,600.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 Grove Meadow, Welwyn Garden City, AL7 area. In last 1 year alone average price buyer paid is around £293,500 based on approximately 2 sales in Grove Meadow, Welwyn Garden City, AL7 area alone. If you compare it to last 3 years sales of 3 properties where buyers paid around £254,000. 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 £238,800 for 5 and average amount paid for purchase of approx. 7 properties sold in last 7 years comes to about £220,421 per sale.