Mere Close, Great Barton, Bury St. Edmunds, IP31

Street Guide For Mere Close, Great Barton, Bury St. Edmunds, IP31

 

Mere Close, Great Barton, Bury St. Edmunds, IP31 Map

Estimated Price: £272,072
Average Asking Price: £361,511
Price change in last one year: £20,679
Average Price Paid: £211,750
Average Rent Rates: £970

 

Property Prices Breakdown in Mere Close, Great Barton, Bury St. Edmunds, IP31

Average Price for property in Mere Close, Great Barton, Bury St. Edmunds, IP31 is around £272,072 e.g. average price for detached house is around 272,072. Values have been changing and have risen £1,747 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £3,123 in last 6 months, £20,679 in last 1 year, £28,841 in last 2 years, £33,646 in last 3 years, £39,001 in last 4 years and £34,824 in last 5 years.

Currently average asking price of a property in Mere Close, Great Barton, Bury St. Edmunds, IP31 is around £361,511 based on approximately 1 properties for sale. Same is the case with rental options based on 16 properties up for rent, average asking rent is around £970 per month.

Estimated property value in Mere Close, Great Barton, Bury St. Edmunds, IP31 is £272,072. Average asking price is £361,511 while average price paid is £200,000 which is up by £20,679 and Avg. asking rent £970.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 Mere Close, Great Barton, Bury St. Edmunds, IP31 area. In last 1 year alone average price buyer paid is around £200,000 based on approximately 1 sales in Mere Close, Great Barton, Bury St. Edmunds, IP31 area alone. If you compare it to last 3 years sales of 1 properties where buyers paid around £200,000. 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 £211,750 for 4 and average amount paid for purchase of approx. 6 properties sold in last 7 years comes to about £215,416 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 £177,850, £308,467 for a 3 bedroom house, £360,688 for a 4 bedroom house and £619,385 for a 5 bedroom house. For a flat similarly the prices varies from £75,000 for a single bedroom to £210,000 for a 2 bedroom Flat. To sum up the asking prices for properties in Mere Close, Great Barton, Bury St. Edmunds, IP31 it comes to around average £75,000 for 1 bedroom property, £181,869 for 2 bedroom, £308,467 for 3 bedroom, £360,688 for 4 bedroom and £619,385 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 £650 for 1 bedroom to £761 for 2 bedroom, £798 for 3 bedroom and £1,218 for 4 bedroom. But if you are interested in renting a 2 bedroom flat then rent per month can be around £650. You should be generally be expecting around average £650 rent per month for single bedroom property, £738 for 2 bedroom, £798 for 3 bedroom and approximately £1,218 for 4 bedroom property in Mere Close, Great Barton, Bury St. Edmunds, IP31 area.

Popular Houses in Mere Close, Great Barton, Bury St. Edmunds, IP31

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 Mere Close, Great Barton, Bury St. Edmunds, IP31