IP16

Real Estate Area Guide For IP16

 

IP16 Map

Estimated Price: £228,451
Average Asking Price: £212,031
Price change in last one year: £18,425
Average Price Paid: £213,093
Average Rent Rates: £560

 

Property Prices Breakdown in IP16

Average Price for property in IP16 is around £228,451 which varies based on type of property you are interested in and ranges from £366,553 for detached house to around £187,377 for semi-detached. Similarly terraced house is around £155,204 and a flat is worth £151,820. Values have been changing and have risen £1,464 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £1,987 in last 6 months, £18,425 in last 1 year, £25,747 in last 2 years, £29,834 in last 3 years, £34,100 in last 4 years and £31,488 in last 5 years.

Currently average asking price of a property in IP16 is around £212,031 based on approximately 91 properties for sale. Same is the case with rental options based on 23 properties up for rent, average asking rent is around £560 per month.

Estimated property value in IP16 is £228,451. Average asking price is £212,031 while average price paid is £214,461 which is up by £18,425 and Avg. asking rent £560.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 IP16 area. In last 1 year alone average price buyer paid is around £214,461 based on approximately 91 sales in IP16 area alone. If you compare it to last 3 years sales of 263 properties where buyers paid around £215,718. 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 £213,093 for 461 and average amount paid for purchase of approx. 618 properties sold in last 7 years comes to about £206,144 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 £114,998, £120,180 for a 2 bedroom house, £199,587 for a 3 bedroom house, £364,998 for a 4 bedroom house and £403,332 for a 5 bedroom house. For a flat similarly the prices varies from £231,667 for a single bedroom to £147,332 for a 2 bedroom Flat. To sum up the asking prices for properties in IP16 it comes to around average £184,999 for 1 bedroom property, £131,816 for 2 bedroom, £199,587 for 3 bedroom, £364,998 for 4 bedroom and £403,332 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 £661 for 1 bedroom to £497 for 2 bedrooms, £659 for 3 bedrooms, £849 for 4 bedrooms and £949 for 5 bedrooms house. But if you are interested in renting a 1 bedroom flat then rent per month can be around £416. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £519. You should be generally be expecting around average £563 rent per month for single bedroom property, £507 for 2 bedroom, £658 for 3 bedroom, £849 for 4 bedroom and approximately £949 for a 5 bedroom property in IP16 area.

Popular Houses in IP16

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.

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