Loughborough

Area Guide For Loughborough

Loughborough is a town within the Charnwood borough of Leicestershire, England. It is the seat of Charnwood Borough Council and is home to Loughborough University. The town had a population of 57,600 in 2004, making it the largest settlement in Leicestershire outside the city of Leicester. In 1841, Loughborough was the destination for the first package tour, organised by Thomas Cook for a temperance group from Leicester. The town has the world's largest bell foundry John Taylor Bellfounders, which made the bells for the Carillon war memorial, a landmark within the Queens Park in the town, Great Paul for St. Paul's Cathedral, and York Minster. The first mention of Loughborough is in the 1086 Domesday Book. To the north of the edges of Loughborough, Dishley Grange Farm was formerly the home of agricultural revolutionist Robert Bakewell. The farm was also once home to the annual Leicestershire County Show. Loughborough's local weekly newspaper is the Loughborough Echo. The town is also served by Leicestershires daily newspaper Leicester Mercury The rail network is of growing importance in Loughborough, and with Eurostar international

 
 

Loughborough Map

Estimated Price: £211,342
Average Asking Price: £266,090
Price change in last one year: £21,131
Average Price Paid: £186,559
Average Rent Rates: £824

 
 

Property Prices Breakdown in Loughborough

Average Price for property in Loughborough is around £211,342 which varies based on type of property you are interested in and ranges from £307,315 for detached house to around £171,688 for semi-detached. Similarly terraced house is around £145,350 and a flat is worth £120,231. Values have been changing and have risen £671 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £2,451 in last 6 months, £21,131 in last 1 year, £25,440 in last 2 years, £30,668 in last 3 years, £24,283 in last 4 years and £22,618 in last 5 years.

Currently average asking price of a property in Loughborough is around £266,090 based on approximately 1,544 properties for sale. Same is the case with rental options based on 173 properties up for rent, average asking rent is around £824 per month.

Estimated property value in Loughborough is £211,342. Average asking price is £266,090 while average price paid is £195,359 which is up by £21,131 and Avg. asking rent £824.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 Loughborough area. In last 1 year alone average price buyer paid is around £195,359 based on approximately 1,544 sales in Loughborough area alone. If you compare it to last 3 years sales of 4,946 properties where buyers paid around £187,832. 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 £186,559 for 7,902 and average amount paid for purchase of approx. 10,802 properties sold in last 7 years comes to about £184,223 per sale.

 
 

Properties For Sale in Loughborough

 
 

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 £80,694, £125,838 for a 2 bedroom house, £197,081 for a 3 bedroom house, £333,165 for a 4 bedroom house and £553,988 for a 5 bedroom house. For a flat similarly the prices varies from £66,805 for a single bedroom to £116,398 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £315,000. To sum up the asking prices for properties in Loughborough it comes to around average £73,055 for 1 bedroom property, £123,049 for 2 bedroom, £197,930 for 3 bedroom, £333,165 for 4 bedroom and £553,988 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 £414 for 1 bedroom to £571 for 2 bedrooms, £661 for 3 bedrooms, £919 for 4 bedrooms and £982 for 5 bedrooms house. But if you are interested in renting a 1 bedroom flat then rent per month can be around £458. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £540 and £548 for 3 bedroom. You should be generally be expecting around average £435 rent per month for single bedroom property, £558 for 2 bedroom, £647 for 3 bedroom, £919 for 4 bedroom and approximately £982 for a 5 bedroom property in Loughborough area.

Popular Houses in Loughborough

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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