Monks Avenue, Lancing, BN15

Street Guide For Monks Avenue, Lancing, BN15

 

Monks Avenue, Lancing, BN15 Map

Estimated Price: £271,342
Average Asking Price: £283,113
Price change in last one year: £17,541
Average Price Paid: £219,981
Average Rent Rates: £1,265

 

Property Prices Breakdown in Monks Avenue, Lancing, BN15

Average Price for property in Monks Avenue, Lancing, BN15 is around £271,342 which varies based on type of property you are interested in and ranges from £260,671 for detached house to around £274,732 for semi-detached. Similarly terraced house is around £266,756. Values have been changing and have risen £845 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £2,793 in last 6 months, £17,541 in last 1 year, £32,077 in last 2 years, £39,509 in last 3 years, £37,714 in last 4 years and £35,819 in last 5 years.

Currently average asking price of a property in Monks Avenue, Lancing, BN15 is around £283,113 based on approximately 3 properties for sale. Same is the case with rental options based on 20 properties up for rent, average asking rent is around £1,265 per month.

Estimated property value in Monks Avenue, Lancing, BN15 is £271,342. Average asking price is £283,113 while average price paid is £232,290 which is up by £17,541 and Avg. asking rent £1,265.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 Monks Avenue, Lancing, BN15 area. In last 1 year alone average price buyer paid is around £232,290 based on approximately 3 sales in Monks Avenue, Lancing, BN15 area alone. If you compare it to last 3 years sales of 6 properties where buyers paid around £218,978. 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 £219,981 for 7 and average amount paid for purchase of approx. 7 properties sold in last 7 years comes to about £219,981 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 £118,990, £244,993 for a 2 bedroom house, £316,893 for a 3 bedroom house, £350,800 for a 4 bedroom house and £566,000 for a 5 bedroom house. For a flat similarly the prices varies from £113,725 for a single bedroom to £174,090 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £217,499. To sum up the asking prices for properties in Monks Avenue, Lancing, BN15 it comes to around average £116,650 for 1 bedroom property, £216,632 for 2 bedroom, £300,990 for 3 bedroom, £350,800 for 4 bedroom and £566,000 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 £949 for 2 bedroom to £1,374 for 3 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £576. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £776. You should be generally be expecting around average £576 rent per month for single bedroom property, £833 for 2 bedroom and approximately £1,374 for 3 bedroom property in Monks Avenue, Lancing, BN15 area.

Popular Houses in Monks Avenue, Lancing, BN15

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 Monks Avenue, Lancing, BN15