Mere Lane, Liverpool, L5

Street Guide For Mere Lane, Liverpool, L5

 

Mere Lane, Liverpool, L5 Map

Estimated Price: £49,147
Average Asking Price: £80,725
Price change in last one year: £3,417
Average Price Paid: £47,500
Average Rent Rates: £474

 

Property Prices Breakdown in Mere Lane, Liverpool, L5

Average Price for property in Mere Lane, Liverpool, L5 is around £49,147 which varies based on type of property you are interested in and ranges from £47,448 for semi-detached to around £52,542 for terraced house. Values have been changing and have risen £531 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £1,573 in last 6 months, £3,417 in last 1 year, £5,685 in last 2 years, £4,534 in last 3 years, £3,204 in last 4 years and £2,998 in last 5 years.

Currently average asking price of a property in Mere Lane, Liverpool, L5 is around £80,725 based on approximately 0 properties for sale. Same is the case with rental options based on 83 properties up for rent, average asking rent is around £474 per month.

Estimated property value in Mere Lane, Liverpool, L5 is £49,147. Average asking price is £80,725 while average price paid is £45,000 which is up by £4,534 and Avg. asking rent £474.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 Lane, Liverpool, L5 area. In last 3 years alone average price buyer paid is around £45,000 based on approximately 1 sales in Mere Lane, Liverpool, L5 area alone. If you compare it to last 5 years sales of 2 properties where buyers paid around £47,500. 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 £47,500 for 2 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 £72,077, £85,998 for a 3 bedroom house and £126,238 for a 4 bedroom house. For a flat similarly the prices varies from £76,756 for a single bedroom to £81,233 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £70,925. To sum up the asking prices for properties in Mere Lane, Liverpool, L5 it comes to around average £76,756 for 1 bedroom property, £74,190 for 2 bedroom, £80,115 for 3 bedroom and £126,238 for 4 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 £253 for 1 bedroom to £444 for 2 bedroom, £477 for 3 bedroom and £899 for 4 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £407. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £426 and £473 for 3 bedroom. You should be generally be expecting around average £371 rent per month for single bedroom property, £435 for 2 bedroom, £475 for 3 bedroom and approximately £899 for 4 bedroom property in Mere Lane, Liverpool, L5 area.

Popular Houses in Mere Lane, Liverpool, L5

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 Lane, Liverpool, L5