Mewith, Bentham, Lancaster, LA2

Street Guide For Mewith, Bentham, Lancaster, LA2

 

Mewith, Bentham, Lancaster, LA2 Map

Estimated Price: £394,029
Average Asking Price: £304,494
Price change in last one year: £17,772
Average Price Paid: £291,900
Average Rent Rates: £631

 

Property Prices Breakdown in Mewith, Bentham, Lancaster, LA2

Average Price for property in Mewith, Bentham, Lancaster, LA2 is around £394,029 which varies based on type of property you are interested in and ranges from £431,385 for detached house to around £253,941 for semi-detached. Similarly terraced house is around £371,460. Values have been changing and have risen £1,598 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £4,780 in last 6 months, £17,772 in last 1 year, £30,723 in last 2 years, £31,852 in last 3 years, £29,696 in last 4 years and £14,172 in last 5 years.

Currently average asking price of a property in Mewith, Bentham, Lancaster, LA2 is around £304,494 based on approximately 2 properties for sale. Same is the case with rental options based on 13 properties up for rent, average asking rent is around £631 per month.

Estimated property value in Mewith, Bentham, Lancaster, LA2 is £394,029. Average asking price is £304,494 while average price paid is £292,500 which is up by £17,772 and Avg. asking rent £631.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 Mewith, Bentham, Lancaster, LA2 area. In last 1 year alone average price buyer paid is around £292,500 based on approximately 2 sales in Mewith, Bentham, Lancaster, LA2 area alone. If you compare it to last 3 years sales of 4 properties where buyers paid around £281,125. 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 £291,900 for 5 and average amount paid for purchase of approx. 6 properties sold in last 7 years comes to about £274,916 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 £97,000, £177,808 for a 2 bedroom house, £257,930 for a 3 bedroom house, £318,646 for a 4 bedroom house and £507,601 for a 5 bedroom house. For a flat similarly the prices varies from £117,488 for a single bedroom to £173,938 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £250,000. To sum up the asking prices for properties in Mewith, Bentham, Lancaster, LA2 it comes to around average £115,211 for 1 bedroom property, £176,290 for 2 bedroom, £257,820 for 3 bedroom, £318,646 for 4 bedroom and £507,601 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 £515 for 1 bedroom to £741 for 2 bedroom, £679 for 3 bedroom and £823 for 4 bedroom. But if you are interested in renting a 2 bedroom flat then rent per month can be around £594. You should be generally be expecting around average £514 rent per month for single bedroom property, £692 for 2 bedroom, £679 for 3 bedroom and approximately £823 for 4 bedroom property in Mewith, Bentham, Lancaster, LA2 area.

Popular Houses in Mewith, Bentham, Lancaster, LA2

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 Mewith, Bentham, Lancaster, LA2