Average Price for property in Higher Commons Lane, Mellor Brook, Blackburn, BB2 is around £278,619 e.g. average price for detached house is around 278,619. Values have been changing and have risen £214 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £2,937 in last 6 months, £11,019 in last 1 year, £19,601 in last 2 years, £22,499 in last 3 years, £12,583 in last 4 years and £12,744 in last 5 years.
Currently average asking price of a property in Higher Commons Lane, Mellor Brook, Blackburn, BB2 is around £160,187 based on approximately 1 properties for sale. Same is the case with rental options based on 88 properties up for rent, average asking rent is around £467 per month.
Estimated property value in Higher Commons Lane, Mellor Brook, Blackburn, BB2 is £278,619. Average asking price is £160,187 while average price paid is £249,900 which is up by £11,019 and Avg. asking rent £467.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 Higher Commons Lane, Mellor Brook, Blackburn, BB2 area. In last 1 year alone average price buyer paid is around £249,900 based on approximately 1 sales in Higher Commons Lane, Mellor Brook, Blackburn, BB2 area alone. If you compare it to last 3 years sales of 1 properties where buyers paid around £249,900. 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 £249,900 for 1 and average amount paid for purchase of approx. 1 properties sold in last 7 years comes to about £249,900 per sale.