Markfield

Area Guide For Markfield

Markfield is a suburbanite town sitting inside both the National Forest and Charnwood Forest and in the Hinckley and Bosworth region of Leicestershire, England. The settlement goes again to at any rate the time of the Norman victory and is specified in the Domesday Book under the name Merchenefeld. A variation of this is still utilized as the name for the town elementary school, Mercenfeld. It is to the south-east of Junction 22 of the M1, and to the south of the A50. The most noteworthy point in Markfield is indicated on OS sheet 129 at 222 meters above ocean level. Adjacent spots are Newtown Linford, Groby, Field Head, and Stanton under Bardon. In the 1831 enumeration its populace was recorded at 1,088. In the 2011 evaluation the area had a populace of 5681.

 
 

Markfield Map

Estimated Price: £210,204
Average Asking Price: £297,160
Price change in last one year: £12,333
Average Price Paid: £163,825
Average Rent Rates: £764

 
 

Property Prices Breakdown in Markfield

Average Price for property in Markfield is around £210,204 which varies based on type of property you are interested in and ranges from £251,734 for detached house to around £152,880 for semi-detached. Similarly terraced house is around £119,926 and a flat is worth £108,724. Values have been changing and have risen £1,152 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £4,321 in last 6 months, £12,333 in last 1 year, £24,415 in last 2 years, £22,768 in last 3 years, £26,714 in last 4 years and £17,993 in last 5 years.

Currently average asking price of a property in Markfield is around £297,160 based on approximately 97 properties for sale. Same is the case with rental options based on 3 properties up for rent, average asking rent is around £764 per month.

Estimated property value in Markfield is £210,204. Average asking price is £297,160 while average price paid is £163,457 which is up by £12,333 and Avg. asking rent £764.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 Markfield area. In last 1 year alone average price buyer paid is around £163,457 based on approximately 97 sales in Markfield area alone. If you compare it to last 3 years sales of 271 properties where buyers paid around £156,133. 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 £163,825 for 402 and average amount paid for purchase of approx. 547 properties sold in last 7 years comes to about £161,919 per sale.

 
 

Properties For Sale in Markfield

 
 

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 £153,214, £258,303 for a 3 bedroom house, £287,558 for a 4 bedroom house and £881,650 for a 5 bedroom house. To sum up the asking prices for properties in Markfield it comes to around average £153,214 for 2 bedroom property, £258,303 for 3 bedroom, £287,558 for 4 bedroom and £881,650 for 5 bedroom.

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 £693 for 3 bedroom to £800 for 4 bedroom. You should be generally be expecting around average £693 rent per month for 3 bedroom property and approximately £800 for 4 bedroom property in Markfield area.

Popular Houses in Markfield

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.

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