Lower New Road, Cheddar, BS27

Street Guide For Lower New Road, Cheddar, BS27

 

Lower New Road, Cheddar, BS27 Map

Estimated Price: £349,566
Average Asking Price: £297,751
Price change in last one year: £24,116
Average Price Paid: £402,500
Average Rent Rates: £1,715

 

Property Prices Breakdown in Lower New Road, Cheddar, BS27

Average Price for property in Lower New Road, Cheddar, BS27 is around £349,566 which varies based on type of property you are interested in and ranges from £410,397 for detached house to around £258,634 for semi-detached. Similarly terraced house is around £287,483. Values have been changing and have risen £869 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £1,039 in last 6 months, £24,116 in last 1 year, £39,363 in last 2 years, £46,370 in last 3 years, £48,041 in last 4 years and £47,626 in last 5 years.

Currently average asking price of a property in Lower New Road, Cheddar, BS27 is around £297,751 based on approximately 0 properties for sale. Same is the case with rental options based on 11 properties up for rent, average asking rent is around £1,715 per month.

Estimated property value in Lower New Road, Cheddar, BS27 is £349,566. Average asking price is £297,751 while average price paid is £317,500 which is up by £46,370 and Avg. asking rent £1,715.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 Lower New Road, Cheddar, BS27 area. In last 3 years alone average price buyer paid is around £317,500 based on approximately 2 sales in Lower New Road, Cheddar, BS27 area alone. If you compare it to last 5 years sales of 3 properties where buyers paid around £402,500. It has been same for some time now for e.g. if you take an average of amount paid in last 7 years, it comes to around £402,500 for 3 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 £142,725, £178,563 for a 2 bedroom house, £269,125 for a 3 bedroom house, £418,653 for a 4 bedroom house and £608,600 for a 5 bedroom house. For a flat similarly the prices varies from £120,015 for a single bedroom to £138,333 for a 2 bedroom Flat. To sum up the asking prices for properties in Lower New Road, Cheddar, BS27 it comes to around average £127,187 for 1 bedroom property, £166,494 for 2 bedroom, £269,125 for 3 bedroom, £418,653 for 4 bedroom and £608,600 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 £604 for 2 bedroom to £598 for 5 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £438. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £594. You should be generally be expecting around average £438 rent per month for single bedroom property, £601 for 2 bedroom and approximately £598 for 5 bedroom property in Lower New Road, Cheddar, BS27 area.

Popular Houses in Lower New Road, Cheddar, BS27

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 Lower New Road, Cheddar, BS27