Melford Close, Burwell, Cambridge, CB25

Street Guide For Melford Close, Burwell, Cambridge, CB25

 

Melford Close, Burwell, Cambridge, CB25 Map

Estimated Price: £282,426
Average Asking Price: £376,916
Price change in last one year: £20,202
Average Price Paid: £203,187
Average Rent Rates: £1,227

 

Property Prices Breakdown in Melford Close, Burwell, Cambridge, CB25

Average Price for property in Melford Close, Burwell, Cambridge, CB25 is around £282,426 which varies based on type of property you are interested in and ranges from £295,500 for detached house to around £195,263 for semi-detached. Values have been changing and have risen £81 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £264 in last 6 months, £20,202 in last 1 year, £30,604 in last 2 years, £35,666 in last 3 years, £42,525 in last 4 years and £45,038 in last 5 years.

Currently average asking price of a property in Melford Close, Burwell, Cambridge, CB25 is around £376,916 based on approximately 1 properties for sale. Same is the case with rental options based on 43 properties up for rent, average asking rent is around £1,227 per month.

Estimated property value in Melford Close, Burwell, Cambridge, CB25 is £282,426. Average asking price is £376,916 while average price paid is £182,500 which is up by £20,202 and Avg. asking rent £1,227.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 Melford Close, Burwell, Cambridge, CB25 area. In last 1 year alone average price buyer paid is around £182,500 based on approximately 1 sales in Melford Close, Burwell, Cambridge, CB25 area alone. If you compare it to last 3 years sales of 3 properties where buyers paid around £191,500. 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 £203,187 for 8 and average amount paid for purchase of approx. 11 properties sold in last 7 years comes to about £203,227 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 2 bedroom is around £224,071, £297,862 for a 3 bedroom house, £484,227 for a 4 bedroom house and £862,500 for a 5 bedroom house. To sum up the asking prices for properties in Melford Close, Burwell, Cambridge, CB25 it comes to around average £224,071 for 2 bedroom property, £297,862 for 3 bedroom, £484,227 for 4 bedroom and £862,500 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 £613 for 1 bedroom to £954 for 2 bedrooms, £1,036 for 3 bedrooms, £1,771 for 4 bedrooms and £4,251 for 5 bedrooms house. But if you are interested in renting a 1 bedroom flat then rent per month can be around £598. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £650. You should be generally be expecting around average £608 rent per month for single bedroom property, £916 for 2 bedroom, £1,036 for 3 bedroom, £1,771 for 4 bedroom and approximately £4,251 for a 5 bedroom property in Melford Close, Burwell, Cambridge, CB25 area.

Popular Houses in Melford Close, Burwell, Cambridge, CB25

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 Melford Close, Burwell, Cambridge, CB25