Mill Lane, Nursling, Southampton, SO16

Street Guide For Mill Lane, Nursling, Southampton, SO16

 

Mill Lane, Nursling, Southampton, SO16 Map

Estimated Price: £415,804
Average Asking Price: £305,761
Price change in last one year: £30,176
Average Price Paid: £314,115
Average Rent Rates: £1,254

 

Property Prices Breakdown in Mill Lane, Nursling, Southampton, SO16

Average Price for property in Mill Lane, Nursling, Southampton, SO16 is around £415,804 which varies based on type of property you are interested in and ranges from £648,911 for detached house to around £328,389 for semi-detached. Values have been changing and have risen £1,946 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £3,193 in last 6 months, £30,176 in last 1 year, £50,254 in last 2 years, £51,557 in last 3 years, £47,622 in last 4 years and £50,453 in last 5 years.

Currently average asking price of a property in Mill Lane, Nursling, Southampton, SO16 is around £305,761 based on approximately 1 properties for sale. Same is the case with rental options based on 220 properties up for rent, average asking rent is around £1,254 per month.

Estimated property value in Mill Lane, Nursling, Southampton, SO16 is £415,804. Average asking price is £305,761 while average price paid is £262,875 which is up by £30,176 and Avg. asking rent £1,254.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 Mill Lane, Nursling, Southampton, SO16 area. In last 1 year alone average price buyer paid is around £262,875 based on approximately 1 sales in Mill Lane, Nursling, Southampton, SO16 area alone. If you compare it to last 3 years sales of 5 properties where buyers paid around £365,565. 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 £314,115 for 11 and average amount paid for purchase of approx. 11 properties sold in last 7 years comes to about £314,115 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 £83,317, £177,805 for a 2 bedroom house, £222,939 for a 3 bedroom house, £375,639 for a 4 bedroom house and £719,688 for a 5 bedroom house. For a flat similarly the prices varies from £92,007 for a single bedroom to £172,170 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £175,000 and £545,000 for a 4 bedroom flat. To sum up the asking prices for properties in Mill Lane, Nursling, Southampton, SO16 it comes to around average £91,138 for 1 bedroom property, £174,620 for 2 bedroom, £222,316 for 3 bedroom, £380,621 for 4 bedroom and £719,688 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 £343 for 1 bedroom to £741 for 2 bedrooms, £969 for 3 bedrooms, £1,355 for 4 bedrooms and £1,603 for 5 bedrooms house. But if you are interested in renting a 1 bedroom flat then rent per month can be around £584. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £773 and £860 for 3 bedroom. You should be generally be expecting around average £538 rent per month for single bedroom property, £765 for 2 bedroom, £954 for 3 bedroom, £1,355 for 4 bedroom and approximately £1,603 for a 5 bedroom property in Mill Lane, Nursling, Southampton, SO16 area.

Popular Houses in Mill Lane, Nursling, Southampton, SO16

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 Mill Lane, Nursling, Southampton, SO16