Malvern Road, Worcester, WR2

Street Guide For Malvern Road, Worcester, WR2

 

Malvern Road, Worcester, WR2 Map

Estimated Price: £341,942
Average Asking Price: £279,112
Price change in last one year: £23,861
Average Price Paid: £303,181
Average Rent Rates: £704

 

Property Prices Breakdown in Malvern Road, Worcester, WR2

Average Price for property in Malvern Road, Worcester, WR2 is around £341,942 which varies based on type of property you are interested in and ranges from £439,449 for detached house to around £313,231 for semi-detached. Similarly terraced house is around £173,889 and a flat is worth £146,390. Values have been changing and have risen £2,331 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £3,714 in last 6 months, £23,861 in last 1 year, £37,835 in last 2 years, £41,040 in last 3 years, £39,110 in last 4 years and £35,076 in last 5 years.

Currently average asking price of a property in Malvern Road, Worcester, WR2 is around £279,112 based on approximately 3 properties for sale. Same is the case with rental options based on 98 properties up for rent, average asking rent is around £704 per month.

Estimated property value in Malvern Road, Worcester, WR2 is £341,942. Average asking price is £279,112 while average price paid is £531,666 which is up by £23,861 and Avg. asking rent £704.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 Malvern Road, Worcester, WR2 area. In last 1 year alone average price buyer paid is around £531,666 based on approximately 3 sales in Malvern Road, Worcester, WR2 area alone. If you compare it to last 3 years sales of 14 properties where buyers paid around £308,071. 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 £303,181 for 22 and average amount paid for purchase of approx. 30 properties sold in last 7 years comes to about £311,800 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 £230,000, £187,046 for a 2 bedroom house, £227,848 for a 3 bedroom house, £345,135 for a 4 bedroom house and £465,856 for a 5 bedroom house. For a flat similarly the prices varies from £90,725 for a single bedroom to £144,495 for a 2 bedroom Flat. To sum up the asking prices for properties in Malvern Road, Worcester, WR2 it comes to around average £118,580 for 1 bedroom property, £175,849 for 2 bedroom, £227,848 for 3 bedroom, £345,135 for 4 bedroom and £465,856 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 £321 for 1 bedroom to £685 for 2 bedrooms, £884 for 3 bedrooms, £1,230 for 4 bedrooms and £497 for 5 bedrooms house. But if you are interested in renting a 1 bedroom flat then rent per month can be around £487. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £635, £750 for 3 bedroom and £390 for 5 bedroom. You should be generally be expecting around average £369 rent per month for single bedroom property, £657 for 2 bedroom, £879 for 3 bedroom, £1,230 for 4 bedroom and approximately £488 for a 5 bedroom property in Malvern Road, Worcester, WR2 area.

Popular Houses in Malvern Road, Worcester, WR2

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 Malvern Road, Worcester, WR2