Melrose Close, Maidstone, ME15

Street Guide For Melrose Close, Maidstone, ME15

 

Melrose Close, Maidstone, ME15 Map

Estimated Price: £261,521
Average Asking Price: £318,531
Price change in last one year: £20,403
Average Price Paid: £192,407
Average Rent Rates: £1,390

 

Property Prices Breakdown in Melrose Close, Maidstone, ME15

Average Price for property in Melrose Close, Maidstone, ME15 is around £261,521 which varies based on type of property you are interested in and ranges from £424,905 for detached house to around £257,224 for semi-detached. Similarly terraced house is around £268,196 and a flat is worth £110,694. Values have been changing and have risen £1,514 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £4,555 in last 6 months, £20,403 in last 1 year, £31,851 in last 2 years, £39,634 in last 3 years, £35,898 in last 4 years and £37,548 in last 5 years.

Currently average asking price of a property in Melrose Close, Maidstone, ME15 is around £318,531 based on approximately 5 properties for sale. Same is the case with rental options based on 67 properties up for rent, average asking rent is around £1,390 per month.

Estimated property value in Melrose Close, Maidstone, ME15 is £261,521. Average asking price is £318,531 while average price paid is £134,350 which is up by £20,403 and Avg. asking rent £1,390.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 Close, Maidstone, ME15 area. In last 1 year alone average price buyer paid is around £134,350 based on approximately 5 sales in Melrose Close, Maidstone, ME15 area alone. If you compare it to last 3 years sales of 10 properties where buyers paid around £171,375. 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 £192,407 for 44 and average amount paid for purchase of approx. 46 properties sold in last 7 years comes to about £193,020 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 £138,972, £217,406 for a 2 bedroom house, £260,552 for a 3 bedroom house, £410,573 for a 4 bedroom house and £641,818 for a 5 bedroom house. For a flat similarly the prices varies from £149,980 for a single bedroom to £203,648 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £271,667. To sum up the asking prices for properties in Melrose Close, Maidstone, ME15 it comes to around average £148,685 for 1 bedroom property, £207,142 for 2 bedroom, £261,065 for 3 bedroom, £410,573 for 4 bedroom and £641,818 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 £489 for 1 bedroom to £823 for 2 bedrooms, £1,063 for 3 bedrooms, £1,665 for 4 bedrooms and £1,350 for 5 bedrooms house. But if you are interested in renting a 1 bedroom flat then rent per month can be around £585. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £745. You should be generally be expecting around average £513 rent per month for single bedroom property, £775 for 2 bedroom, £1,064 for 3 bedroom, £1,665 for 4 bedroom and approximately £1,350 for a 5 bedroom property in Melrose Close, Maidstone, ME15 area.

Popular Houses in Melrose Close, Maidstone, ME15

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 Melrose Close, Maidstone, ME15