Michael Road, London, SE25

Street Guide For Michael Road, London, SE25

 

Michael Road, London, SE25 Map

Estimated Price: £336,642
Average Asking Price: £309,822
Price change in last one year: £36,875
Average Price Paid: £245,208
Average Rent Rates: £1,114

 

Property Prices Breakdown in Michael Road, London, SE25

Average Price for property in Michael Road, London, SE25 is around £336,642 which varies based on type of property you are interested in and ranges from £349,118 for semi-detached to around £335,541 for terraced house. Values have been changing and have risen £3,435 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £10,171 in last 6 months, £36,875 in last 1 year, £71,146 in last 2 years, £84,609 in last 3 years, £82,135 in last 4 years and £89,659 in last 5 years.

Currently average asking price of a property in Michael Road, London, SE25 is around £309,822 based on approximately 4 properties for sale. Same is the case with rental options based on 108 properties up for rent, average asking rent is around £1,114 per month.

Estimated property value in Michael Road, London, SE25 is £336,642. Average asking price is £309,822 while average price paid is £283,125 which is up by £36,875 and Avg. asking rent £1,114.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 Michael Road, London, SE25 area. In last 1 year alone average price buyer paid is around £283,125 based on approximately 4 sales in Michael Road, London, SE25 area alone. If you compare it to last 3 years sales of 10 properties where buyers paid around £250,950. 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 £245,208 for 12 and average amount paid for purchase of approx. 15 properties sold in last 7 years comes to about £244,233 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 £222,450, £298,187 for a 2 bedroom house, £377,690 for a 3 bedroom house, £449,093 for a 4 bedroom house and £538,329 for a 5 bedroom house. For a flat similarly the prices varies from £182,345 for a single bedroom to £245,878 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £326,658 and £500,000 for a 4 bedroom flat. To sum up the asking prices for properties in Michael Road, London, SE25 it comes to around average £184,350 for 1 bedroom property, £256,035 for 2 bedroom, £373,378 for 3 bedroom, £451,215 for 4 bedroom and £538,329 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 £784 for 1 bedroom to £1,199 for 2 bedrooms, £1,403 for 3 bedrooms, £1,811 for 4 bedrooms and £1,722 for 5 bedrooms house. But if you are interested in renting a 1 bedroom flat then rent per month can be around £831. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £1,198, £1,274 for 3 bedroom and £1,300 for 4 bedroom. You should be generally be expecting around average £826 rent per month for single bedroom property, £1,198 for 2 bedroom, £1,390 for 3 bedroom, £1,726 for 4 bedroom and approximately £1,722 for a 5 bedroom property in Michael Road, London, SE25 area.

Popular Houses in Michael Road, London, SE25

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.

Transportation in Michael Road, London, SE25

Areas in and around Michael Road, London, SE25