Markwells, Elsenham, Bishop's Stortford, CM22

Street Guide For Markwells, Elsenham, Bishop's Stortford, CM22

 

Markwells, Elsenham, Bishop's Stortford, CM22 Map

Estimated Price: £269,358
Average Asking Price: £698,868
Price change in last one year: £20,267
Average Price Paid: £212,686
Average Rent Rates: £1,112

 

Property Prices Breakdown in Markwells, Elsenham, Bishop's Stortford, CM22

Average Price for property in Markwells, Elsenham, Bishop's Stortford, CM22 is around £269,358 which varies based on type of property you are interested in and ranges from £271,332 for detached house to around £266,396 for semi-detached. Values have been changing and have risen £779 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £2,583 in last 6 months, £20,267 in last 1 year, £30,422 in last 2 years, £37,781 in last 3 years, £33,116 in last 4 years and £36,762 in last 5 years.

Currently average asking price of a property in Markwells, Elsenham, Bishop's Stortford, CM22 is around £698,868 based on approximately 1 properties for sale. Same is the case with rental options based on 16 properties up for rent, average asking rent is around £1,112 per month.

Estimated property value in Markwells, Elsenham, Bishop's Stortford, CM22 is £269,358. Average asking price is £698,868 while average price paid is £266,000 which is up by £20,267 and Avg. asking rent £1,112.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 Markwells, Elsenham, Bishop's Stortford, CM22 area. In last 1 year alone average price buyer paid is around £266,000 based on approximately 1 sales in Markwells, Elsenham, Bishop's Stortford, CM22 area alone. If you compare it to last 3 years sales of 4 properties where buyers paid around £212,686. 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 £212,686 for 4 and average amount paid for purchase of approx. 7 properties sold in last 7 years comes to about £207,249 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 £170,000, £185,000 for a 2 bedroom house, £382,662 for a 3 bedroom house, £626,059 for a 4 bedroom house and £825,507 for a 5 bedroom house. For a flat the prices of 2 bedroom is £173,333. To sum up the asking prices for properties in Markwells, Elsenham, Bishop's Stortford, CM22 it comes to around average £170,000 for 1 bedroom property, £178,000 for 2 bedroom, £382,662 for 3 bedroom, £626,059 for 4 bedroom and £825,507 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 £880 for 2 bedroom to £687 for 3 bedroom, £1,452 for 4 bedroom and £1,340 for 5 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £750. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £849. You should be generally be expecting around average £750 rent per month for single bedroom property, £864 for 2 bedroom, £687 for 3 bedroom, £1,452 for 4 bedroom and approximately £1,340 for a 5 bedroom property in Markwells, Elsenham, Bishop's Stortford, CM22 area.

Popular Houses in Markwells, Elsenham, Bishop's Stortford, CM22

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 Markwells, Elsenham, Bishop's Stortford, CM22