Mellodew Drive, Oldham, OL1

Street Guide For Mellodew Drive, Oldham, OL1

 

Mellodew Drive, Oldham, OL1 Map

Estimated Price: £143,824
Average Asking Price: £143,891
Price change in last one year: £8,206
Average Price Paid: £112,483
Average Rent Rates: £650

 

Property Prices Breakdown in Mellodew Drive, Oldham, OL1

Average Price for property in Mellodew Drive, Oldham, OL1 is around £143,824 which varies based on type of property you are interested in and ranges from £148,086 for semi-detached to around £115,411 for terraced house. Values have been changing and have risen £263 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £946 in last 6 months, £8,206 in last 1 year, £16,181 in last 2 years, £14,149 in last 3 years, £7,825 in last 4 years and £6,745 in last 5 years.

Currently average asking price of a property in Mellodew Drive, Oldham, OL1 is around £143,891 based on approximately 1 properties for sale. Same is the case with rental options based on 38 properties up for rent, average asking rent is around £650 per month.

Estimated property value in Mellodew Drive, Oldham, OL1 is £143,824. Average asking price is £143,891 while average price paid is £98,500 which is up by £8,206 and Avg. asking rent £650.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 Mellodew Drive, Oldham, OL1 area. In last 1 year alone average price buyer paid is around £98,500 based on approximately 1 sales in Mellodew Drive, Oldham, OL1 area alone. If you compare it to last 3 years sales of 1 properties where buyers paid around £98,500. 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 £112,483 for 3 and average amount paid for purchase of approx. 4 properties sold in last 7 years comes to about £114,112 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 £79,950, £94,584 for a 2 bedroom house, £132,401 for a 3 bedroom house, £184,761 for a 4 bedroom house and £999,950 for a 5 bedroom house. For a flat similarly the prices varies from £193,753 for a single bedroom to £54,975 for a 2 bedroom Flat. To sum up the asking prices for properties in Mellodew Drive, Oldham, OL1 it comes to around average £117,884 for 1 bedroom property, £92,824 for 2 bedroom, £132,401 for 3 bedroom, £184,761 for 4 bedroom and £999,950 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 £552 for 2 bedroom to £519 for 3 bedroom and £650 for 4 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £423. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £481. You should be generally be expecting around average £422 rent per month for single bedroom property, £536 for 2 bedroom, £519 for 3 bedroom and approximately £650 for 4 bedroom property in Mellodew Drive, Oldham, OL1 area.

Popular Houses in Mellodew Drive, Oldham, OL1

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 Mellodew Drive, Oldham, OL1