Melrose Avenue, London, N22

Street Guide For Melrose Avenue, London, N22

 
 

Melrose Avenue, London, N22 Map

Estimated Price: £438,579
Average Asking Price: £483,158
Price change in last one year: £51,558
Average Price Paid: £287,714
Average Rent Rates: £1,382

Hobarts Estate Agents
3 Crescent Road, Alexandra Park , London

Free House valuation

 

Property Prices Breakdown in Melrose Avenue, London, N22

Values have been changing and have risen £5,855 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £16,108 in last 6 months, £51,558 in last 1 year, £89,188 in last 2 years, £97,280 in last 3 years, £106,391 in last 4 years and £116,992 in last 5 years.

Currently average asking price of a property in Melrose Avenue, London, N22 is around £483,158 based on approximately 0 properties for sale. Same is the case with rental options based on 157 properties up for rent, average asking rent is around £1,382 per month.

Estimated property value in Melrose Avenue, London, N22 is £438,579. Average asking price is £483,158 while average price paid is £294,000 which is up by £97,280 and Avg. asking rent £1,382.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 Melrose Avenue, London, N22 area. In last 3 years alone average price buyer paid is around £294,000 based on approximately 6 sales in Melrose Avenue, London, N22 area alone. If you compare it to last 5 years sales of 7 properties where buyers paid around £287,714. 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 £291,750 for 8 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 £443,022, £537,458 for a 3 bedroom house, £688,483 for a 4 bedroom house and £1,001,750 for a 5 bedroom house. For a flat similarly the prices varies from £285,282 for a single bedroom to £378,694 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £515,281. To sum up the asking prices for properties in Melrose Avenue, London, N22 it comes to around average £285,282 for 1 bedroom property, £391,852 for 2 bedroom, £528,587 for 3 bedroom, £688,483 for 4 bedroom and £1,001,750 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 £674 for 1 bedroom to £1,502 for 2 bedrooms, £1,515 for 3 bedrooms, £2,218 for 4 bedrooms and £2,314 for 5 bedrooms house. But if you are interested in renting a 1 bedroom flat then rent per month can be around £1,008. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £1,406, £1,693 for 3 bedroom and £1,798 for 4 bedroom. You should be generally be expecting around average £951 rent per month for single bedroom property, £1,411 for 2 bedroom, £1,626 for 3 bedroom, £2,148 for 4 bedroom and approximately £2,314 for a 5 bedroom property in Melrose Avenue, London, N22 area.

Popular Houses in Melrose Avenue, London, N22

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.

Transportation in Melrose Avenue, London, N22

Areas in and around Melrose Avenue, London, N22