Merrivale Road, Portsmouth, PO2

Street Guide For Merrivale Road, Portsmouth, PO2

 

Merrivale Road, Portsmouth, PO2 Map

Estimated Price: £248,975
Average Asking Price: £162,627
Price change in last one year: £16,906
Average Price Paid: £198,260
Average Rent Rates: £677

 

Property Prices Breakdown in Merrivale Road, Portsmouth, PO2

Average Price for property in Merrivale Road, Portsmouth, PO2 is around £248,975 which varies based on type of property you are interested in and ranges from £278,181 for detached house to around £252,686 for semi-detached. Similarly terraced house is around £236,872. Values have been changing and have risen £1,854 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £5,702 in last 6 months, £16,906 in last 1 year, £28,897 in last 2 years, £29,704 in last 3 years, £28,095 in last 4 years and £28,309 in last 5 years.

Currently average asking price of a property in Merrivale Road, Portsmouth, PO2 is around £162,627 based on approximately 6 properties for sale. Same is the case with rental options based on 80 properties up for rent, average asking rent is around £677 per month.

Estimated property value in Merrivale Road, Portsmouth, PO2 is £248,975. Average asking price is £162,627 while average price paid is £213,166 which is up by £16,906 and Avg. asking rent £677.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 Merrivale Road, Portsmouth, PO2 area. In last 1 year alone average price buyer paid is around £213,166 based on approximately 6 sales in Merrivale Road, Portsmouth, PO2 area alone. If you compare it to last 3 years sales of 16 properties where buyers paid around £201,125. 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 £198,260 for 23 and average amount paid for purchase of approx. 25 properties sold in last 7 years comes to about £198,800 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 £145,000, £145,998 for a 2 bedroom house, £188,819 for a 3 bedroom house, £241,538 for a 4 bedroom house and £269,167 for a 5 bedroom house. For a flat similarly the prices varies from £89,858 for a single bedroom to £124,359 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £112,498. To sum up the asking prices for properties in Merrivale Road, Portsmouth, PO2 it comes to around average £94,453 for 1 bedroom property, £129,955 for 2 bedroom, £186,434 for 3 bedroom, £241,538 for 4 bedroom and £269,167 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 £426 for 1 bedroom to £712 for 2 bedroom, £840 for 3 bedroom and £1,144 for 4 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £587. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £657 and £703 for 3 bedroom. You should be generally be expecting around average £553 rent per month for single bedroom property, £666 for 2 bedroom, £805 for 3 bedroom and approximately £1,144 for 4 bedroom property in Merrivale Road, Portsmouth, PO2 area.

Popular Houses in Merrivale Road, Portsmouth, PO2

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 Merrivale Road, Portsmouth, PO2