Average Price for property in Gainsborough is around £140,941 which varies based on type of property you are interested in and ranges from £210,281 for detached house to around £116,683 for semi-detached. Similarly terraced house is around £82,831 and a flat is worth £87,007. Values have been changing and have risen £1,377 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £5,110 in last 6 months, £255 in last 1 year, £6,009 in last 2 years, £6,016 in last 3 years, £2,014 in last 4 years and £5,439 in last 5 years.
Currently average asking price of a property in Gainsborough is around £185,694 based on approximately 528 properties for sale. Same is the case with rental options based on 143 properties up for rent, average asking rent is around £479 per month.
Estimated property value in Gainsborough is £140,941. Average asking price is £185,694 while average price paid is £136,836 which is up by £255 and Avg. asking rent £479.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 Gainsborough area. In last 1 year alone average price buyer paid is around £136,836 based on approximately 528 sales in Gainsborough area alone. If you compare it to last 3 years sales of 1,469 properties where buyers paid around £123,589. 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 £126,101 for 2,223 and average amount paid for purchase of approx. 3,288 properties sold in last 7 years comes to about £125,637 per sale.