Long Rede Lane, Barming, Maidstone, ME16

Street Guide For Long Rede Lane, Barming, Maidstone, ME16

 

Long Rede Lane, Barming, Maidstone, ME16 Map

Estimated Price: £345,169
Average Asking Price: £247,334
Price change in last one year: £25,289
Average Price Paid: £285,600
Average Rent Rates: £841

 

Property Prices Breakdown in Long Rede Lane, Barming, Maidstone, ME16

Average Price for property in Long Rede Lane, Barming, Maidstone, ME16 is around £345,169 which varies based on type of property you are interested in and ranges from £408,421 for detached house to around £316,419 for semi-detached. Values have been changing and have risen £2,073 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £5,986 in last 6 months, £25,289 in last 1 year, £41,349 in last 2 years, £51,088 in last 3 years, £44,935 in last 4 years and £42,881 in last 5 years.

Currently average asking price of a property in Long Rede Lane, Barming, Maidstone, ME16 is around £247,334 based on approximately 3 properties for sale. Same is the case with rental options based on 38 properties up for rent, average asking rent is around £841 per month.

Estimated property value in Long Rede Lane, Barming, Maidstone, ME16 is £345,169. Average asking price is £247,334 while average price paid is £312,666 which is up by £25,289 and Avg. asking rent £841.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 Long Rede Lane, Barming, Maidstone, ME16 area. In last 1 year alone average price buyer paid is around £312,666 based on approximately 3 sales in Long Rede Lane, Barming, Maidstone, ME16 area alone. If you compare it to last 3 years sales of 3 properties where buyers paid around £312,666. 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 £285,600 for 5 and average amount paid for purchase of approx. 8 properties sold in last 7 years comes to about £272,875 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 £95,000, £200,120 for a 2 bedroom house, £283,871 for a 3 bedroom house, £406,776 for a 4 bedroom house and £488,000 for a 5 bedroom house. For a flat similarly the prices varies from £114,662 for a single bedroom to £155,149 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £277,500. To sum up the asking prices for properties in Long Rede Lane, Barming, Maidstone, ME16 it comes to around average £113,726 for 1 bedroom property, £168,776 for 2 bedroom, £283,496 for 3 bedroom, £406,776 for 4 bedroom and £488,000 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 £819 for 2 bedroom to £1,040 for 3 bedroom, £1,200 for 4 bedroom and £1,694 for 5 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £650. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £812. You should be generally be expecting around average £650 rent per month for single bedroom property, £814 for 2 bedroom, £1,040 for 3 bedroom, £1,200 for 4 bedroom and approximately £1,694 for a 5 bedroom property in Long Rede Lane, Barming, Maidstone, ME16 area.

Popular Houses in Long Rede Lane, Barming, Maidstone, ME16

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 Long Rede Lane, Barming, Maidstone, ME16