Values have been changing and have risen £1,552 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £4,614 in last 6 months, £9,795 in last 1 year, £16,473 in last 2 years, £13,719 in last 3 years, £10,821 in last 4 years and £10,335 in last 5 years.
Currently average asking price of a property in Melwood Drive, West Derby, Liverpool, L12 is around £198,213 based on approximately 3 properties for sale. Same is the case with rental options based on 50 properties up for rent, average asking rent is around £654 per month.
Estimated property value in Melwood Drive, West Derby, Liverpool, L12 is £140,449. Average asking price is £198,213 while average price paid is £146,498 which is up by £9,795 and Avg. asking rent £654.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 Melwood Drive, West Derby, Liverpool, L12 area. In last 1 year alone average price buyer paid is around £146,498 based on approximately 3 sales in Melwood Drive, West Derby, Liverpool, L12 area alone. If you compare it to last 3 years sales of 12 properties where buyers paid around £118,870. 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 £116,047 for 20 and average amount paid for purchase of approx. 27 properties sold in last 7 years comes to about £120,220 per sale.