Mellor Close, Burnley, BB11

Street Guide For Mellor Close, Burnley, BB11

 

Mellor Close, Burnley, BB11 Map

Estimated Price: £117,864
Average Asking Price: £124,342
Price change in last one year: £5,935
Average Price Paid: £79,166
Average Rent Rates: £444

 

Property Prices Breakdown in Mellor Close, Burnley, BB11

Average Price for property in Mellor Close, Burnley, BB11 is around £117,864 e.g. average price for semi-detached is around 117,864. Values have been changing and have risen £197 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £1,688 in last 6 months, £5,935 in last 1 year, £9,326 in last 2 years, £11,272 in last 3 years, £8,563 in last 4 years and £6,401 in last 5 years.

Currently average asking price of a property in Mellor Close, Burnley, BB11 is around £124,342 based on approximately 0 properties for sale. Same is the case with rental options based on 65 properties up for rent, average asking rent is around £444 per month.

Estimated property value in Mellor Close, Burnley, BB11 is £117,864. Average asking price is £124,342 while average price paid is £73,750 which is up by £11,272 and Avg. asking rent £444.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 Mellor Close, Burnley, BB11 area. In last 3 years alone average price buyer paid is around £73,750 based on approximately 2 sales in Mellor Close, Burnley, BB11 area alone. If you compare it to last 5 years sales of 3 properties where buyers paid around £79,166. It has been same for some time now for e.g. if you take an average of amount paid in last 7 years, it comes to around £79,166 for 3 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 £68,650, £59,392 for a 2 bedroom house, £124,063 for a 3 bedroom house, £208,752 for a 4 bedroom house and £210,686 for a 5 bedroom house. For a flat similarly the prices varies from £47,462 for a single bedroom to £62,850 for a 2 bedroom Flat. To sum up the asking prices for properties in Mellor Close, Burnley, BB11 it comes to around average £56,543 for 1 bedroom property, £59,795 for 2 bedroom, £124,063 for 3 bedroom, £208,752 for 4 bedroom and £210,686 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 £472 for 1 bedroom to £364 for 2 bedroom, £516 for 3 bedroom and £325 for 4 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £299. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £449. You should be generally be expecting around average £415 rent per month for single bedroom property, £372 for 2 bedroom, £516 for 3 bedroom and approximately £325 for 4 bedroom property in Mellor Close, Burnley, BB11 area.

Popular Houses in Mellor Close, Burnley, BB11

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 Mellor Close, Burnley, BB11