Average Price for property in Melford Road, Nottingham, NG8 is around £85,261 which varies based on type of property you are interested in and ranges from £94,143 for detached house to around £85,572 for semi-detached. Similarly terraced house is around £73,164. Values have been changing and have risen £250 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £827 in last 6 months, £6,313 in last 1 year, £9,339 in last 2 years, £10,067 in last 3 years, £9,572 in last 4 years and £9,084 in last 5 years.
Currently average asking price of a property in Melford Road, Nottingham, NG8 is around £223,131 based on approximately 3 properties for sale. Same is the case with rental options based on 150 properties up for rent, average asking rent is around £2,516 per month.
Estimated property value in Melford Road, Nottingham, NG8 is £85,261. Average asking price is £223,131 while average price paid is £58,666 which is up by £6,313 and Avg. asking rent £2,516.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 Road, Nottingham, NG8 area. In last 1 year alone average price buyer paid is around £58,666 based on approximately 3 sales in Melford Road, Nottingham, NG8 area alone. If you compare it to last 3 years sales of 9 properties where buyers paid around £71,155. 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 £69,635 for 14 and average amount paid for purchase of approx. 16 properties sold in last 7 years comes to about £69,740 per sale.