Merton Road, Southampton, SO17

Street Guide For Merton Road, Southampton, SO17

 

Merton Road, Southampton, SO17 Map

Estimated Price: £304,982
Average Asking Price: £247,261
Price change in last one year: £23,760
Average Price Paid: £258,316
Average Rent Rates: £1,505

 

Property Prices Breakdown in Merton Road, Southampton, SO17

Average Price for property in Merton Road, Southampton, SO17 is around £304,982 e.g. average price for semi-detached is around 304,982. Values have been changing and have risen £2,039 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £4,358 in last 6 months, £23,760 in last 1 year, £36,554 in last 2 years, £36,767 in last 3 years, £34,154 in last 4 years and £34,637 in last 5 years.

Currently average asking price of a property in Merton Road, Southampton, SO17 is around £247,261 based on approximately 0 properties for sale. Same is the case with rental options based on 950 properties up for rent, average asking rent is around £1,505 per month.

Estimated property value in Merton Road, Southampton, SO17 is £304,982. Average asking price is £247,261 while average price paid is £275,000 which is up by £36,767 and Avg. asking rent £1,505.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, Southampton, SO17 area. In last 3 years alone average price buyer paid is around £275,000 based on approximately 1 sales in Merton Road, Southampton, SO17 area alone. If you compare it to last 5 years sales of 3 properties where buyers paid around £258,316. It has been same for some time now for e.g. if you take an average of amount paid in last 7 years, it comes to around £256,236 for 4 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 £127,500, £179,421 for a 2 bedroom house, £231,645 for a 3 bedroom house, £357,549 for a 4 bedroom house and £528,557 for a 5 bedroom house. For a flat similarly the prices varies from £108,372 for a single bedroom to £163,733 for a 2 bedroom Flat. To sum up the asking prices for properties in Merton Road, Southampton, SO17 it comes to around average £111,850 for 1 bedroom property, £170,456 for 2 bedroom, £231,645 for 3 bedroom, £357,549 for 4 bedroom and £528,557 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 £511 for 1 bedroom to £776 for 2 bedrooms, £1,026 for 3 bedrooms, £1,313 for 4 bedrooms and £1,609 for 5 bedrooms house. But if you are interested in renting a 1 bedroom flat then rent per month can be around £561. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £735, £1,054 for 3 bedroom, £1,415 for 4 bedroom and around £1,599 for 5 bedroom flat. You should be generally be expecting around average £544 rent per month for single bedroom property, £741 for 2 bedroom, £1,044 for 3 bedroom, £1,325 for 4 bedroom and approximately £1,608 for a 5 bedroom property in Merton Road, Southampton, SO17 area.

Popular Houses in Merton Road, Southampton, SO17

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, Southampton, SO17