Margery Lane, Durham, DH1

Street Guide For Margery Lane, Durham, DH1

 

Margery Lane, Durham, DH1 Map

Estimated Price: £151,420
Average Asking Price: £284,042
Price change in last one year: £5,946
Average Price Paid: £131,000
Average Rent Rates: £925

 

Property Prices Breakdown in Margery Lane, Durham, DH1

Average Price for property in Margery Lane, Durham, DH1 is around £151,420 e.g. average price for a flat is around 151,420. Values have been changing and have risen £1,080 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £3,801 in last 6 months, £5,946 in last 1 year, £9,118 in last 2 years, £11,527 in last 3 years, £9,296 in last 4 years and £6,739 in last 5 years.

Currently average asking price of a property in Margery Lane, Durham, DH1 is around £284,042 based on approximately 0 properties for sale. Same is the case with rental options based on 218 properties up for rent, average asking rent is around £925 per month.

Estimated property value in Margery Lane, Durham, DH1 is £151,420. Average asking price is £284,042 while average price paid is £131,000 which is up by £6,739 and Avg. asking rent £925.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 Margery Lane, Durham, DH1 area. In last 5 years alone average price buyer paid is around £131,000 based on approximately 1 sales in Margery Lane, Durham, DH1 area alone. If you compare it to last 7 years sales of 1 properties where buyers paid around £131,000.

 
 

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 £98,667, £143,159 for a 2 bedroom house, £191,026 for a 3 bedroom house, £340,911 for a 4 bedroom house and £544,754 for a 5 bedroom house. For a flat similarly the prices varies from £108,742 for a single bedroom to £181,874 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £248,480. To sum up the asking prices for properties in Margery Lane, Durham, DH1 it comes to around average £105,383 for 1 bedroom property, £168,136 for 2 bedroom, £194,529 for 3 bedroom, £340,911 for 4 bedroom and £544,754 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 £395 for 1 bedroom to £524 for 2 bedrooms, £558 for 3 bedrooms, £768 for 4 bedrooms and £871 for 5 bedrooms house. But if you are interested in renting a 1 bedroom flat then rent per month can be around £575. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £646, £1,286 for 4 bedroom and £1,521 for 5 bedroom. You should be generally be expecting around average £528 rent per month for single bedroom property, £607 for 2 bedroom, £558 for 3 bedroom, £813 for 4 bedroom and approximately £916 for a 5 bedroom property in Margery Lane, Durham, DH1 area.

Popular Houses in Margery Lane, Durham, DH1

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 Margery Lane, Durham, DH1