Merton Road, Benfleet, SS7

Street Guide For Merton Road, Benfleet, SS7

 

Merton Road, Benfleet, SS7 Map

Estimated Price: £271,970
Average Asking Price: £371,988
Price change in last one year: £22,049
Average Price Paid: £240,250
Average Rent Rates: £886

 

Property Prices Breakdown in Merton Road, Benfleet, SS7

Average Price for property in Merton Road, Benfleet, SS7 is around £271,970 which varies based on type of property you are interested in and ranges from £324,524 for detached house to around £249,626 for semi-detached. Similarly terraced house is around £218,164. Values have been changing and have risen £2,135 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £4,536 in last 6 months, £22,049 in last 1 year, £34,070 in last 2 years, £36,866 in last 3 years, £36,692 in last 4 years and £39,612 in last 5 years.

Currently average asking price of a property in Merton Road, Benfleet, SS7 is around £371,988 based on approximately 1 properties for sale. Same is the case with rental options based on 25 properties up for rent, average asking rent is around £886 per month.

Estimated property value in Merton Road, Benfleet, SS7 is £271,970. Average asking price is £371,988 while average price paid is £300,000 which is up by £22,049 and Avg. asking rent £886.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 Merton Road, Benfleet, SS7 area. In last 1 year alone average price buyer paid is around £300,000 based on approximately 1 sales in Merton Road, Benfleet, SS7 area alone. If you compare it to last 3 years sales of 2 properties where buyers paid around £240,250. 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 £240,250 for 2 and average amount paid for purchase of approx. 3 properties sold in last 7 years comes to about £224,166 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 £375,000, £249,222 for a 2 bedroom house, £315,701 for a 3 bedroom house, £409,905 for a 4 bedroom house and £665,305 for a 5 bedroom house. For a flat similarly the prices varies from £155,599 for a single bedroom to £166,499 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £150,000. To sum up the asking prices for properties in Merton Road, Benfleet, SS7 it comes to around average £218,285 for 1 bedroom property, £217,709 for 2 bedroom, £310,967 for 3 bedroom, £409,905 for 4 bedroom and £665,305 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 £399 for 1 bedroom to £750 for 2 bedroom, £872 for 3 bedroom and £1,525 for 4 bedroom. But if you are interested in renting a 2 bedroom flat then rent per month can be around £855. You should be generally be expecting around average £399 rent per month for single bedroom property, £815 for 2 bedroom, £872 for 3 bedroom and approximately £1,525 for 4 bedroom property in Merton Road, Benfleet, SS7 area.

Popular Houses in Merton Road, Benfleet, SS7

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 Merton Road, Benfleet, SS7