Hope Drive, The Park, Nottingham, NG7

Street Guide For Hope Drive, The Park, Nottingham, NG7

 

Hope Drive, The Park, Nottingham, NG7 Map

Estimated Price: £243,937
Average Asking Price: £193,691
Price change in last one year: £16,552
Average Price Paid: £209,056
Average Rent Rates: £1,140

 

Property Prices Breakdown in Hope Drive, The Park, Nottingham, NG7

Average Price for property in Hope Drive, The Park, Nottingham, NG7 is around £243,937 which varies based on type of property you are interested in and ranges from £370,586 for detached house to around £323,738 for semi-detached. Similarly terraced house is around £324,894 and a flat is worth £199,030. Values have been changing and have risen £1,038 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £2,807 in last 6 months, £16,552 in last 1 year, £25,478 in last 2 years, £27,226 in last 3 years, £23,763 in last 4 years and £23,818 in last 5 years.

Currently average asking price of a property in Hope Drive, The Park, Nottingham, NG7 is around £193,691 based on approximately 3 properties for sale. Same is the case with rental options based on 1,448 properties up for rent, average asking rent is around £1,140 per month.

Estimated property value in Hope Drive, The Park, Nottingham, NG7 is £243,937. Average asking price is £193,691 while average price paid is £171,333 which is up by £16,552 and Avg. asking rent £1,140.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 Hope Drive, The Park, Nottingham, NG7 area. In last 1 year alone average price buyer paid is around £171,333 based on approximately 3 sales in Hope Drive, The Park, Nottingham, NG7 area alone. If you compare it to last 3 years sales of 5 properties where buyers paid around £221,300. 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 £209,056 for 8 and average amount paid for purchase of approx. 14 properties sold in last 7 years comes to about £186,939 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 £149,950, £105,623 for a 2 bedroom house, £127,287 for a 3 bedroom house, £188,999 for a 4 bedroom house and £238,211 for a 5 bedroom house. For a flat similarly the prices varies from £86,269 for a single bedroom to £135,432 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £246,850 and £745,000 for a 4 bedroom flat. To sum up the asking prices for properties in Hope Drive, The Park, Nottingham, NG7 it comes to around average £88,198 for 1 bedroom property, £121,769 for 2 bedroom, £139,778 for 3 bedroom, £213,710 for 4 bedroom and £238,211 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 £399 for 1 bedroom to £593 for 2 bedrooms, £731 for 3 bedrooms, £815 for 4 bedrooms and £974 for 5 bedrooms house. But if you are interested in renting a 1 bedroom flat then rent per month can be around £479. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £665, £995 for 3 bedroom, £762 for 4 bedroom and around £1,134 for 5 bedroom flat. You should be generally be expecting around average £451 rent per month for single bedroom property, £638 for 2 bedroom, £778 for 3 bedroom, £812 for 4 bedroom and approximately £983 for a 5 bedroom property in Hope Drive, The Park, Nottingham, NG7 area.

Popular Houses in Hope Drive, The Park, Nottingham, NG7

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 Hope Drive, The Park, Nottingham, NG7