Menith Wood, Worcester, WR6

Street Guide For Menith Wood, Worcester, WR6

 

Menith Wood, Worcester, WR6 Map

Estimated Price: £364,443
Average Asking Price: £536,160
Price change in last one year: £18,102
Average Price Paid: £322,727
Average Rent Rates: £685

 

Property Prices Breakdown in Menith Wood, Worcester, WR6

Average Price for property in Menith Wood, Worcester, WR6 is around £364,443 which varies based on type of property you are interested in and ranges from £391,118 for detached house to around £242,164 for semi-detached. Similarly terraced house is around £288,907. Values have been changing and have risen £2,034 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £4,403 in last 6 months, £18,102 in last 1 year, £32,373 in last 2 years, £34,397 in last 3 years, £38,036 in last 4 years and £34,371 in last 5 years.

Currently average asking price of a property in Menith Wood, Worcester, WR6 is around £536,160 based on approximately 2 properties for sale. Same is the case with rental options based on 17 properties up for rent, average asking rent is around £685 per month.

Estimated property value in Menith Wood, Worcester, WR6 is £364,443. Average asking price is £536,160 while average price paid is £282,500 which is up by £18,102 and Avg. asking rent £685.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 Menith Wood, Worcester, WR6 area. In last 1 year alone average price buyer paid is around £282,500 based on approximately 2 sales in Menith Wood, Worcester, WR6 area alone. If you compare it to last 3 years sales of 7 properties where buyers paid around £332,142. 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 £322,727 for 11 and average amount paid for purchase of approx. 12 properties sold in last 7 years comes to about £318,750 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 £170,355, £323,931 for a 3 bedroom house, £464,830 for a 4 bedroom house and £566,904 for a 5 bedroom house. For a flat similarly the prices varies from £275,000 for a 2 bedroom to £169,999 for a 3 bedroom Flat. To sum up the asking prices for properties in Menith Wood, Worcester, WR6 it comes to around average £181,982 for 2 bedroom property, £319,880 for 3 bedroom, £464,830 for 4 bedroom and £566,904 for 5 bedroom.

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 £550 for 2 bedroom to £840 for 3 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £459. You should be generally be expecting around average £459 rent per month for single bedroom property, £550 for 2 bedroom and approximately £840 for 3 bedroom property in Menith Wood, Worcester, WR6 area.

Popular Houses in Menith Wood, Worcester, WR6

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 Menith Wood, Worcester, WR6