Average Price for property in Melrose Street, Sherwood, Nottingham, NG5 is around £107,575 which varies based on type of property you are interested in and ranges from £111,351 for semi-detached to around £107,223 for terraced house. Values have been changing and have risen £313 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £1,027 in last 6 months, £5,991 in last 1 year, £10,675 in last 2 years, £11,784 in last 3 years, £10,628 in last 4 years and £10,941 in last 5 years.
Currently average asking price of a property in Melrose Street, Sherwood, Nottingham, NG5 is around £168,384 based on approximately 3 properties for sale. Same is the case with rental options based on 154 properties up for rent, average asking rent is around £860 per month.
Estimated property value in Melrose Street, Sherwood, Nottingham, NG5 is £107,575. Average asking price is £168,384 while average price paid is £109,483 which is up by £5,991 and Avg. asking rent £860.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 Street, Sherwood, Nottingham, NG5 area. In last 1 year alone average price buyer paid is around £109,483 based on approximately 3 sales in Melrose Street, Sherwood, Nottingham, NG5 area alone. If you compare it to last 3 years sales of 5 properties where buyers paid around £95,290. 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 £97,635 for 7 and average amount paid for purchase of approx. 15 properties sold in last 7 years comes to about £94,013 per sale.