Mitcheldean Area Guide UK

Area Guide For Mitcheldean

Mitcheldean is a residential community in the east of the Forest of Dean, Gloucestershire, England. Mitcheldean was a flourishing group for a long time because of the town's nearness to iron mineral stores. Amid the nineteenth century, the town became because of incomes created by the neighborhood preparing industry, while in the twentieth century the town developed further because of the Rank Xerox scanner industrial facility. Despite the fact that this industry essentially declined amid the last a large portion of the twentieth century, a significant part of the previous Rank Xerox site (now Vantage Point Business Village) is presently involved by little organizations, new assembling and dissemination organizations.

Property Prices Breakdown in Mitcheldean

Average Price for property in Mitcheldean is around £205,172 which varies based on type of property you are interested in and ranges from £296,839 for detached house to around £178,438 for semi-detached. Similarly terraced house is around £155,263 and a flat is worth £105,002. Values have been changing and have risen £2,756 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £7,896 in last 6 months, £26,985 in last 1 year, £21,726 in last 2 years, £20,463 in last 3 years, £18,120 in last 4 years and £24,378 in last 5 years.

Currently average asking price of a property in Mitcheldean is around £202,399 based on approximately 42 properties for sale.

Estimated property value in Mitcheldean is £205,172. Average asking price is £202,399 while average price paid is £160,797 which is up by £26,985.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 Mitcheldean area. In last 1 year alone average price buyer paid is around £160,797 based on approximately 42 sales in Mitcheldean area alone. If you compare it to last 3 years sales of 98 properties where buyers paid around £171,217. 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 £171,328 for 148 and average amount paid for purchase of approx. 208 properties sold in last 7 years comes to about £174,633 per sale.