Average Price for property in Melbourne Road, Coventry, CV5 is around £134,223 which varies based on type of property you are interested in and ranges from £142,524 for semi-detached to around £134,022 for terraced house. Values have been changing and have risen £279 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £298 in last 6 months, £6,039 in last 1 year, £15,861 in last 2 years, £18,914 in last 3 years, £15,622 in last 4 years and £15,165 in last 5 years.
Currently average asking price of a property in Melbourne Road, Coventry, CV5 is around £230,862 based on approximately 11 properties for sale. Same is the case with rental options based on 188 properties up for rent, average asking rent is around £924 per month.
Estimated property value in Melbourne Road, Coventry, CV5 is £134,223. Average asking price is £230,862 while average price paid is £123,563 which is up by £6,039 and Avg. asking rent £924.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 Melbourne Road, Coventry, CV5 area. In last 1 year alone average price buyer paid is around £123,563 based on approximately 11 sales in Melbourne Road, Coventry, CV5 area alone. If you compare it to last 3 years sales of 25 properties where buyers paid around £118,526. 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 £116,359 for 38 and average amount paid for purchase of approx. 54 properties sold in last 7 years comes to about £118,736 per sale.