Melville Street, Chester Le Street, DH3

Street Guide For Melville Street, Chester Le Street, DH3

 

Melville Street, Chester Le Street, DH3 Map

Estimated Price: £96,828
Average Asking Price: £178,175
Price change in last one year: £4,245
Average Price Paid: £82,187
Average Rent Rates: £890

 

Property Prices Breakdown in Melville Street, Chester Le Street, DH3

Average Price for property in Melville Street, Chester Le Street, DH3 is around £96,828 which varies based on type of property you are interested in and ranges from £58,653 for semi-detached to around £98,243 for terraced house. Values have been changing and have risen £266 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £1,137 in last 6 months, £4,245 in last 1 year, £5,568 in last 2 years, £7,858 in last 3 years, £4,752 in last 4 years and £3,327 in last 5 years.

Currently average asking price of a property in Melville Street, Chester Le Street, DH3 is around £178,175 based on approximately 1 properties for sale. Same is the case with rental options based on 79 properties up for rent, average asking rent is around £890 per month.

Estimated property value in Melville Street, Chester Le Street, DH3 is £96,828. Average asking price is £178,175 while average price paid is £79,000 which is up by £4,245 and Avg. asking rent £890.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 Melville Street, Chester Le Street, DH3 area. In last 1 year alone average price buyer paid is around £79,000 based on approximately 1 sales in Melville Street, Chester Le Street, DH3 area alone. If you compare it to last 3 years sales of 2 properties where buyers paid around £78,500. 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 £82,187 for 8 and average amount paid for purchase of approx. 10 properties sold in last 7 years comes to about £85,600 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 £77,500, £103,724 for a 2 bedroom house, £145,767 for a 3 bedroom house, £312,231 for a 4 bedroom house and £301,870 for a 5 bedroom house. For a flat similarly the prices varies from £64,950 for a single bedroom to £97,826 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £64,950. To sum up the asking prices for properties in Melville Street, Chester Le Street, DH3 it comes to around average £73,317 for 1 bedroom property, £102,080 for 2 bedroom, £144,297 for 3 bedroom, £312,231 for 4 bedroom and £301,870 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 £431 for 2 bedroom to £513 for 3 bedroom and £815 for 4 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £400. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £467 and £454 for 3 bedroom. You should be generally be expecting around average £400 rent per month for single bedroom property, £444 for 2 bedroom, £494 for 3 bedroom and approximately £815 for 4 bedroom property in Melville Street, Chester Le Street, DH3 area.

Popular Houses in Melville Street, Chester Le Street, DH3

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 Melville Street, Chester Le Street, DH3