Madeira Street, Greenock, PA16

Street Guide For Madeira Street, Greenock, PA16

 

Madeira Street, Greenock, PA16 Map

Estimated Price: £282,030
Average Asking Price: £139,170
Price change in last one year: £11,677
Average Price Paid: £162,333
Average Rent Rates: £710

 

Property Prices Breakdown in Madeira Street, Greenock, PA16

Average Price for property in Madeira Street, Greenock, PA16 is around £282,030 which varies based on type of property you are interested in and ranges from £443,825 for detached house to around £334,499 for semi-detached. Similarly terraced house is around £172,495 and a flat is worth £273,506. Values have been changing and have risen £480 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £1,717 in last 6 months, £11,677 in last 1 year, £25,644 in last 2 years, £13,558 in last 3 years, £19,744 in last 4 years and £14,558 in last 5 years.

Currently average asking price of a property in Madeira Street, Greenock, PA16 is around £139,170 based on approximately 1 properties for sale. Same is the case with rental options based on 7 properties up for rent, average asking rent is around £710 per month.

Estimated property value in Madeira Street, Greenock, PA16 is £282,030. Average asking price is £139,170 while average price paid is £268,000 which is up by £11,677 and Avg. asking rent £710.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 Madeira Street, Greenock, PA16 area. In last 1 year alone average price buyer paid is around £268,000 based on approximately 1 sales in Madeira Street, Greenock, PA16 area alone. If you compare it to last 3 years sales of 3 properties where buyers paid around £162,333. 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 £162,333 for 3 and average amount paid for purchase of approx. 4 properties sold in last 7 years comes to about £184,125 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 2 bedroom is around £97,694, £147,234 for a 3 bedroom house, £244,591 for a 4 bedroom house and £302,129 for a 5 bedroom house. For a flat similarly the prices varies from £55,962 for a single bedroom to £86,733 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £161,478, £188,491 for a 4 bedroom flat and £213,333 for a 5 bedroom flat. To sum up the asking prices for properties in Madeira Street, Greenock, PA16 it comes to around average £55,962 for 1 bedroom property, £89,399 for 2 bedroom, £154,356 for 3 bedroom, £226,960 for 4 bedroom and £275,490 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 £425 for 2 bedroom to £797 for 3 bedroom and £1,250 for 4 bedroom. But if you are interested in renting a 2 bedroom flat then rent per month can be around £399. As the no. of bedroom increase so will the rent e.g. for a 3 bedroom flat it will be around £451. You should be generally be expecting around average £407 rent per month for 2 bedroom property, £624 for 3 bedroom and approximately £1,250 for 4 bedroom property in Madeira Street, Greenock, PA16 area.

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 Madeira Street, Greenock, PA16