Merryhill Park, Belmont, Hereford, HR2

Street Guide For Merryhill Park, Belmont, Hereford, HR2

 

Merryhill Park, Belmont, Hereford, HR2 Map

Estimated Price: £257,364
Average Asking Price: £335,142
Price change in last one year: £16,513
Average Price Paid: £164,316
Average Rent Rates: £777

 

Property Prices Breakdown in Merryhill Park, Belmont, Hereford, HR2

Average Price for property in Merryhill Park, Belmont, Hereford, HR2 is around £257,364 which varies based on type of property you are interested in and ranges from £216,792 for detached house to around £285,636 for semi-detached. Similarly terraced house is around £261,463. Values have been changing and have risen £202 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £1,030 in last 6 months, £16,513 in last 1 year, £19,430 in last 2 years, £25,967 in last 3 years, £28,651 in last 4 years and £20,098 in last 5 years.

Currently average asking price of a property in Merryhill Park, Belmont, Hereford, HR2 is around £335,142 based on approximately 1 properties for sale. Same is the case with rental options based on 54 properties up for rent, average asking rent is around £777 per month.

Estimated property value in Merryhill Park, Belmont, Hereford, HR2 is £257,364. Average asking price is £335,142 while average price paid is £163,000 which is up by £16,513 and Avg. asking rent £777.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 Merryhill Park, Belmont, Hereford, HR2 area. In last 1 year alone average price buyer paid is around £163,000 based on approximately 1 sales in Merryhill Park, Belmont, Hereford, HR2 area alone. If you compare it to last 3 years sales of 2 properties where buyers paid around £161,500. 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 £164,316 for 3 and average amount paid for purchase of approx. 4 properties sold in last 7 years comes to about £193,237 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 £116,062, £164,238 for a 2 bedroom house, £229,318 for a 3 bedroom house, £357,946 for a 4 bedroom house and £464,624 for a 5 bedroom house. For a flat similarly the prices varies from £83,358 for a single bedroom to £212,258 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £331,000 and £137,500 for a 4 bedroom flat. To sum up the asking prices for properties in Merryhill Park, Belmont, Hereford, HR2 it comes to around average £105,161 for 1 bedroom property, £173,031 for 2 bedroom, £232,308 for 3 bedroom, £355,290 for 4 bedroom and £464,624 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 £449 for 1 bedroom to £565 for 2 bedroom, £739 for 3 bedroom and £1,075 for 4 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £428. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £524. You should be generally be expecting around average £435 rent per month for single bedroom property, £559 for 2 bedroom, £739 for 3 bedroom and approximately £1,075 for 4 bedroom property in Merryhill Park, Belmont, Hereford, HR2 area.

Popular Houses in Merryhill Park, Belmont, Hereford, HR2

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 Merryhill Park, Belmont, Hereford, HR2