Mendip Road, Torquay, TQ2

Street Guide For Mendip Road, Torquay, TQ2

 

Mendip Road, Torquay, TQ2 Map

Estimated Price: £270,983
Average Asking Price: £268,052
Price change in last one year: £15,154
Average Price Paid: £204,766
Average Rent Rates: £738

 

Property Prices Breakdown in Mendip Road, Torquay, TQ2

Average Price for property in Mendip Road, Torquay, TQ2 is around £270,983 which varies based on type of property you are interested in and ranges from £290,637 for detached house to around £262,050 for semi-detached. Values have been changing and have risen £709 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £3,918 in last 6 months, £15,154 in last 1 year, £29,349 in last 2 years, £22,709 in last 3 years, £13,113 in last 4 years and £25,957 in last 5 years.

Currently average asking price of a property in Mendip Road, Torquay, TQ2 is around £268,052 based on approximately 1 properties for sale. Same is the case with rental options based on 110 properties up for rent, average asking rent is around £738 per month.

Estimated property value in Mendip Road, Torquay, TQ2 is £270,983. Average asking price is £268,052 while average price paid is £190,000 which is up by £15,154 and Avg. asking rent £738.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 Mendip Road, Torquay, TQ2 area. In last 1 year alone average price buyer paid is around £190,000 based on approximately 1 sales in Mendip Road, Torquay, TQ2 area alone. If you compare it to last 3 years sales of 3 properties where buyers paid around £204,766. 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 £204,766 for 3 and average amount paid for purchase of approx. 5 properties sold in last 7 years comes to about £207,860 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 £92,500, £176,917 for a 2 bedroom house, £240,064 for a 3 bedroom house, £408,985 for a 4 bedroom house and £443,298 for a 5 bedroom house. For a flat similarly the prices varies from £102,077 for a single bedroom to £183,056 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £391,064 and £505,000 for a 4 bedroom flat. To sum up the asking prices for properties in Mendip Road, Torquay, TQ2 it comes to around average £101,694 for 1 bedroom property, £180,334 for 2 bedroom, £264,363 for 3 bedroom, £413,070 for 4 bedroom and £443,298 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 £417 for 1 bedroom to £650 for 2 bedrooms, £769 for 3 bedrooms, £875 for 4 bedrooms and £1,352 for 5 bedrooms house. But if you are interested in renting a 1 bedroom flat then rent per month can be around £524. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £637, £873 for 3 bedroom and £750 for 4 bedroom. You should be generally be expecting around average £512 rent per month for single bedroom property, £644 for 2 bedroom, £789 for 3 bedroom, £834 for 4 bedroom and approximately £1,352 for a 5 bedroom property in Mendip Road, Torquay, TQ2 area.

Popular Houses in Mendip Road, Torquay, TQ2

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 Mendip Road, Torquay, TQ2