Merlin Drive, Ely, CB6

Street Guide For Merlin Drive, Ely, CB6

 

Merlin Drive, Ely, CB6 Map

Estimated Price: £273,861
Average Asking Price: £276,461
Price change in last one year: £20,664
Average Price Paid: £206,092
Average Rent Rates: £1,147

 

Property Prices Breakdown in Merlin Drive, Ely, CB6

Average Price for property in Merlin Drive, Ely, CB6 is around £273,861 which varies based on type of property you are interested in and ranges from £287,688 for detached house to around £263,222 for semi-detached. Similarly terraced house is around £241,252. Values have been changing and have risen £877 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £2,798 in last 6 months, £20,664 in last 1 year, £32,552 in last 2 years, £37,476 in last 3 years, £42,554 in last 4 years and £43,179 in last 5 years.

Currently average asking price of a property in Merlin Drive, Ely, CB6 is around £276,461 based on approximately 2 properties for sale. Same is the case with rental options based on 47 properties up for rent, average asking rent is around £1,147 per month.

Estimated property value in Merlin Drive, Ely, CB6 is £273,861. Average asking price is £276,461 while average price paid is £242,825 which is up by £20,664 and Avg. asking rent £1,147.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 Merlin Drive, Ely, CB6 area. In last 1 year alone average price buyer paid is around £242,825 based on approximately 2 sales in Merlin Drive, Ely, CB6 area alone. If you compare it to last 3 years sales of 4 properties where buyers paid around £218,787. 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 £206,092 for 7 and average amount paid for purchase of approx. 12 properties sold in last 7 years comes to about £204,512 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 £60,000, £171,852 for a 2 bedroom house, £250,646 for a 3 bedroom house, £294,062 for a 4 bedroom house and £477,692 for a 5 bedroom house. For a flat similarly the prices varies from £81,250 for a single bedroom to £155,000 for a 2 bedroom Flat. To sum up the asking prices for properties in Merlin Drive, Ely, CB6 it comes to around average £70,625 for 1 bedroom property, £171,150 for 2 bedroom, £250,646 for 3 bedroom, £294,062 for 4 bedroom and £477,692 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 £562 for 1 bedroom to £773 for 2 bedrooms, £889 for 3 bedrooms, £1,186 for 4 bedrooms and £1,265 for 5 bedrooms house. But if you are interested in renting a 1 bedroom flat then rent per month can be around £576. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £589. You should be generally be expecting around average £569 rent per month for single bedroom property, £732 for 2 bedroom, £889 for 3 bedroom, £1,186 for 4 bedroom and approximately £1,265 for a 5 bedroom property in Merlin Drive, Ely, CB6 area.

Popular Houses in Merlin Drive, Ely, CB6

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 Merlin Drive, Ely, CB6