Lower Wear Road, Exeter, EX2

Street Guide For Lower Wear Road, Exeter, EX2

 

Lower Wear Road, Exeter, EX2 Map

Estimated Price: £166,052
Average Asking Price: £316,235
Price change in last one year: £9,351
Average Price Paid: £162,829
Average Rent Rates: £858

 

Property Prices Breakdown in Lower Wear Road, Exeter, EX2

Average Price for property in Lower Wear Road, Exeter, EX2 is around £166,052 which varies based on type of property you are interested in and ranges from £162,730 for detached house to around £158,204 for semi-detached. Similarly terraced house is around £179,895 and a flat is worth £197,092. Values have been changing and have risen £739 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £1,400 in last 6 months, £9,351 in last 1 year, £15,022 in last 2 years, £16,375 in last 3 years, £16,054 in last 4 years and £16,091 in last 5 years.

Currently average asking price of a property in Lower Wear Road, Exeter, EX2 is around £316,235 based on approximately 2 properties for sale. Same is the case with rental options based on 92 properties up for rent, average asking rent is around £858 per month.

Estimated property value in Lower Wear Road, Exeter, EX2 is £166,052. Average asking price is £316,235 while average price paid is £165,250 which is up by £9,351 and Avg. asking rent £858.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 Wear Road, Exeter, EX2 area. In last 1 year alone average price buyer paid is around £165,250 based on approximately 2 sales in Lower Wear Road, Exeter, EX2 area alone. If you compare it to last 3 years sales of 9 properties where buyers paid around £164,944. 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 £162,829 for 12 and average amount paid for purchase of approx. 14 properties sold in last 7 years comes to about £165,639 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 £130,770, £182,472 for a 2 bedroom house, £257,532 for a 3 bedroom house, £396,820 for a 4 bedroom house and £722,222 for a 5 bedroom house. For a flat similarly the prices varies from £124,227 for a single bedroom to £181,845 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £273,750. To sum up the asking prices for properties in Lower Wear Road, Exeter, EX2 it comes to around average £125,862 for 1 bedroom property, £182,151 for 2 bedroom, £258,261 for 3 bedroom, £396,820 for 4 bedroom and £722,222 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 £550 for 1 bedroom to £789 for 2 bedrooms, £940 for 3 bedrooms, £1,339 for 4 bedrooms and £1,633 for 5 bedrooms house. But if you are interested in renting a 1 bedroom flat then rent per month can be around £597. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £745 and £823 for 3 bedroom. You should be generally be expecting around average £593 rent per month for single bedroom property, £759 for 2 bedroom, £933 for 3 bedroom, £1,339 for 4 bedroom and approximately £1,632 for a 5 bedroom property in Lower Wear Road, Exeter, EX2 area.

Popular Houses in Lower Wear Road, Exeter, EX2

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 Wear Road, Exeter, EX2