Melvin Road, London, SE20

Street Guide For Melvin Road, London, SE20

 

Melvin Road, London, SE20 Map

Estimated Price: £322,278
Average Asking Price: £391,164
Price change in last one year: £34,272
Average Price Paid: £187,500
Average Rent Rates: £1,042

 

Property Prices Breakdown in Melvin Road, London, SE20

Values have been changing and have risen £1,850 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £6,108 in last 6 months, £34,272 in last 1 year, £65,625 in last 2 years, £74,503 in last 3 years, £75,594 in last 4 years and £83,330 in last 5 years.

Currently average asking price of a property in Melvin Road, London, SE20 is around £391,164 based on approximately 0 properties for sale. Same is the case with rental options based on 69 properties up for rent, average asking rent is around £1,042 per month.

Estimated property value in Melvin Road, London, SE20 is £322,278. Average asking price is £391,164 while average price paid is £207,000 which is up by £74,503 and Avg. asking rent £1,042.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 Melvin Road, London, SE20 area. In last 3 years alone average price buyer paid is around £207,000 based on approximately 2 sales in Melvin Road, London, SE20 area alone. If you compare it to last 5 years sales of 4 properties where buyers paid around £187,500. 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 £181,658 for 6 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 £394,983, £413,689 for a 3 bedroom house, £673,112 for a 4 bedroom house and £724,150 for a 5 bedroom house. For a flat similarly the prices varies from £238,239 for a single bedroom to £315,103 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £320,703. To sum up the asking prices for properties in Melvin Road, London, SE20 it comes to around average £238,239 for 1 bedroom property, £320,202 for 2 bedroom, £378,505 for 3 bedroom, £673,112 for 4 bedroom and £724,150 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 £764 for 1 bedroom to £1,360 for 2 bedroom and £1,666 for 3 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £912. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £1,083 and £1,167 for 3 bedroom. You should be generally be expecting around average £864 rent per month for single bedroom property, £1,143 for 2 bedroom and approximately £1,500 for 3 bedroom property in Melvin Road, London, SE20 area.

Popular Houses in Melvin Road, London, SE20

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 Melvin Road, London, SE20

Areas in and around Melvin Road, London, SE20