Merlin Grove, Padiham, Burnley, BB12

Street Guide For Merlin Grove, Padiham, Burnley, BB12

 

Merlin Grove, Padiham, Burnley, BB12 Map

Estimated Price: £145,863
Average Asking Price: £144,952
Price change in last one year: £10,224
Average Price Paid: £125,000
Average Rent Rates: £558

 

Property Prices Breakdown in Merlin Grove, Padiham, Burnley, BB12

Average Price for property in Merlin Grove, Padiham, Burnley, BB12 is around £145,863 e.g. average price for semi-detached is around 145,863. Values have been changing and have risen £1,006 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £4,004 in last 6 months, £10,224 in last 1 year, £12,495 in last 2 years, £16,469 in last 3 years, £10,490 in last 4 years and £9,635 in last 5 years.

Currently average asking price of a property in Merlin Grove, Padiham, Burnley, BB12 is around £144,952 based on approximately 1 properties for sale. Same is the case with rental options based on 71 properties up for rent, average asking rent is around £558 per month.

Estimated property value in Merlin Grove, Padiham, Burnley, BB12 is £145,863. Average asking price is £144,952 while average price paid is £125,000 which is up by £10,224 and Avg. asking rent £558.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 Grove, Padiham, Burnley, BB12 area. In last 1 year alone average price buyer paid is around £125,000 based on approximately 1 sales in Merlin Grove, Padiham, Burnley, BB12 area alone. If you compare it to last 3 years sales of 1 properties where buyers paid around £125,000. 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 £125,000 for 1 and average amount paid for purchase of approx. 1 properties sold in last 7 years comes to about £125,000 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 £65,000, £76,460 for a 2 bedroom house, £126,548 for a 3 bedroom house, £280,943 for a 4 bedroom house and £391,515 for a 5 bedroom house. For a flat similarly the prices varies from £56,236 for a single bedroom to £76,249 for a 2 bedroom Flat. To sum up the asking prices for properties in Merlin Grove, Padiham, Burnley, BB12 it comes to around average £57,989 for 1 bedroom property, £76,443 for 2 bedroom, £126,548 for 3 bedroom, £280,943 for 4 bedroom and £391,515 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 £404 for 1 bedroom to £395 for 2 bedroom, £506 for 3 bedroom and £793 for 4 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £402. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £443. You should be generally be expecting around average £403 rent per month for single bedroom property, £402 for 2 bedroom, £506 for 3 bedroom and approximately £793 for 4 bedroom property in Merlin Grove, Padiham, Burnley, BB12 area.

Popular Houses in Merlin Grove, Padiham, Burnley, BB12

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 Grove, Padiham, Burnley, BB12