Average Price for property in Herne Bay is around £240,084 which varies based on type of property you are interested in and ranges from £293,800 for detached house to around £225,761 for semi-detached. Similarly terraced house is around £201,595 and a flat is worth £138,163. Values have been changing and have risen £1,973 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £7,798 in last 6 months, £7,432 in last 1 year, £27,111 in last 2 years, £33,832 in last 3 years, £26,038 in last 4 years and £22,355 in last 5 years.
Currently average asking price of a property in Herne Bay is around £271,781 based on approximately 664 properties for sale. Same is the case with rental options based on 26 properties up for rent, average asking rent is around £980 per month.
Estimated property value in Herne Bay is £240,084. Average asking price is £271,781 while average price paid is £207,882 which is up by £7,432 and Avg. asking rent £980.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 Herne Bay area. In last 1 year alone average price buyer paid is around £207,882 based on approximately 664 sales in Herne Bay area alone. If you compare it to last 3 years sales of 2,044 properties where buyers paid around £202,083. 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 £197,232 for 3,205 and average amount paid for purchase of approx. 4,248 properties sold in last 7 years comes to about £194,992 per sale.