Hance Lane, Rayne, Braintree, CM77

Street Guide For Hance Lane, Rayne, Braintree, CM77

 

Hance Lane, Rayne, Braintree, CM77 Map

Estimated Price: £231,826
Average Asking Price: £408,752
Price change in last one year: £16,894
Average Price Paid: £196,000
Average Rent Rates: £1,238

 

Property Prices Breakdown in Hance Lane, Rayne, Braintree, CM77

Average Price for property in Hance Lane, Rayne, Braintree, CM77 is around £231,826 which varies based on type of property you are interested in and ranges from £194,573 for detached house to around £247,994 for semi-detached. Similarly terraced house is around £208,802. Values have been changing and have risen £377 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £1,290 in last 6 months, £16,894 in last 1 year, £24,548 in last 2 years, £33,311 in last 3 years, £31,289 in last 4 years and £30,178 in last 5 years.

Currently average asking price of a property in Hance Lane, Rayne, Braintree, CM77 is around £408,752 based on approximately 1 properties for sale. Same is the case with rental options based on 23 properties up for rent, average asking rent is around £1,238 per month.

Estimated property value in Hance Lane, Rayne, Braintree, CM77 is £231,826. Average asking price is £408,752 while average price paid is £210,000 which is up by £16,894 and Avg. asking rent £1,238.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 Hance Lane, Rayne, Braintree, CM77 area. In last 1 year alone average price buyer paid is around £210,000 based on approximately 1 sales in Hance Lane, Rayne, Braintree, CM77 area alone. If you compare it to last 3 years sales of 4 properties where buyers paid around £199,250. 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 £196,000 for 7 and average amount paid for purchase of approx. 9 properties sold in last 7 years comes to about £195,500 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 2 bedroom is around £207,849, £283,927 for a 3 bedroom house, £441,966 for a 4 bedroom house and £496,249 for a 5 bedroom house. For a flat the prices of 2 bedroom is £140,000. To sum up the asking prices for properties in Hance Lane, Rayne, Braintree, CM77 it comes to around average £199,368 for 2 bedroom property, £283,927 for 3 bedroom, £441,966 for 4 bedroom and £496,249 for 5 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 £600 for 2 bedroom to £1,001 for 3 bedroom, £1,350 for 4 bedroom and £1,300 for 5 bedroom. But if you are interested in renting a 2 bedroom flat then rent per month can be around £650. As the no. of bedroom increase so will the rent e.g. for a 3 bedroom flat it will be around £758. You should be generally be expecting around average £625 rent per month for 2 bedroom property, £839 for 3 bedroom, £1,350 for 4 bedroom and approximately £1,300 for 5 bedroom property in Hance Lane, Rayne, Braintree, CM77 area.

Popular Houses in Hance Lane, Rayne, Braintree, CM77

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 Hance Lane, Rayne, Braintree, CM77