Average Price for property in Merton Road, Southsea, PO5 is around £232,737 which varies based on type of property you are interested in and ranges from £608,370 for detached house to around £581,114 for semi-detached. Similarly flat is around £175,390. Values have been changing and have risen £1,502 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £4,811 in last 6 months, £16,599 in last 1 year, £27,292 in last 2 years, £27,081 in last 3 years, £27,427 in last 4 years and £26,542 in last 5 years.
Currently average asking price of a property in Merton Road, Southsea, PO5 is around £233,711 based on approximately 5 properties for sale. Same is the case with rental options based on 446 properties up for rent, average asking rent is around £1,196 per month.
Estimated property value in Merton Road, Southsea, PO5 is £232,737. Average asking price is £233,711 while average price paid is £211,399 which is up by £16,599 and Avg. asking rent £1,196.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, Southsea, PO5 area. In last 1 year alone average price buyer paid is around £211,399 based on approximately 5 sales in Merton Road, Southsea, PO5 area alone. If you compare it to last 3 years sales of 12 properties where buyers paid around £243,333. 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 £203,444 for 20 and average amount paid for purchase of approx. 24 properties sold in last 7 years comes to about £193,579 per sale.