Margate Road, Herne Bay, CT6

Street Guide For Margate Road, Herne Bay, CT6

 

Margate Road, Herne Bay, CT6 Map

Estimated Price: £275,775
Average Asking Price: £273,248
Price change in last one year: £15,700
Average Price Paid: £193,657
Average Rent Rates: £980

 

Property Prices Breakdown in Margate Road, Herne Bay, CT6

Average Price for property in Margate Road, Herne Bay, CT6 is around £275,775 which varies based on type of property you are interested in and ranges from £340,650 for detached house to around £228,084 for semi-detached. Similarly terraced house is around £222,884. Values have been changing and have risen £658 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £1,479 in last 6 months, £15,700 in last 1 year, £33,405 in last 2 years, £38,518 in last 3 years, £28,775 in last 4 years and £32,408 in last 5 years.

Currently average asking price of a property in Margate Road, Herne Bay, CT6 is around £273,248 based on approximately 2 properties for sale. Same is the case with rental options based on 26 properties up for rent, average asking rent is around £980 per month.

Estimated property value in Margate Road, Herne Bay, CT6 is £275,775. Average asking price is £273,248 while average price paid is £166,250 which is up by £15,700 and Avg. asking rent £980.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 Margate Road, Herne Bay, CT6 area. In last 1 year alone average price buyer paid is around £166,250 based on approximately 2 sales in Margate Road, Herne Bay, CT6 area alone. If you compare it to last 3 years sales of 10 properties where buyers paid around £205,350. 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 £193,657 for 19 and average amount paid for purchase of approx. 27 properties sold in last 7 years comes to about £195,462 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 £129,998, £208,207 for a 2 bedroom house, £253,573 for a 3 bedroom house, £370,513 for a 4 bedroom house and £398,816 for a 5 bedroom house. For a flat similarly the prices varies from £117,966 for a single bedroom to £133,822 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £178,498. To sum up the asking prices for properties in Margate Road, Herne Bay, CT6 it comes to around average £120,154 for 1 bedroom property, £180,578 for 2 bedroom, £250,793 for 3 bedroom, £370,513 for 4 bedroom and £398,816 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 £650 for 1 bedroom to £722 for 2 bedrooms, £893 for 3 bedrooms, £1,200 for 4 bedrooms and £1,499 for 5 bedrooms house. But if you are interested in renting a 1 bedroom flat then rent per month can be around £486. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £720. You should be generally be expecting around average £509 rent per month for single bedroom property, £720 for 2 bedroom, £893 for 3 bedroom, £1,200 for 4 bedroom and approximately £1,499 for a 5 bedroom property in Margate Road, Herne Bay, CT6 area.

Popular Houses in Margate Road, Herne Bay, CT6

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 Margate Road, Herne Bay, CT6