Monsell Drive, Redhill, Nottingham, NG5

Street Guide For Monsell Drive, Redhill, Nottingham, NG5

 

Monsell Drive, Redhill, Nottingham, NG5 Map

Estimated Price: £221,431
Average Asking Price: £168,638
Price change in last one year: £12,324
Average Price Paid: £198,500
Average Rent Rates: £858

 

Property Prices Breakdown in Monsell Drive, Redhill, Nottingham, NG5

Average Price for property in Monsell Drive, Redhill, Nottingham, NG5 is around £221,431 e.g. average price for detached house is around 221,431. Values have been changing and have risen £640 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £2,110 in last 6 months, £12,324 in last 1 year, £21,956 in last 2 years, £24,232 in last 3 years, £21,845 in last 4 years and £22,481 in last 5 years.

Currently average asking price of a property in Monsell Drive, Redhill, Nottingham, NG5 is around £168,638 based on approximately 1 properties for sale. Same is the case with rental options based on 155 properties up for rent, average asking rent is around £858 per month.

Estimated property value in Monsell Drive, Redhill, Nottingham, NG5 is £221,431. Average asking price is £168,638 while average price paid is £237,000 which is up by £12,324 and Avg. asking rent £858.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 Monsell Drive, Redhill, Nottingham, NG5 area. In last 1 year alone average price buyer paid is around £237,000 based on approximately 1 sales in Monsell Drive, Redhill, Nottingham, NG5 area alone. If you compare it to last 3 years sales of 3 properties where buyers paid around £195,333. 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 £198,500 for 6 and average amount paid for purchase of approx. 8 properties sold in last 7 years comes to about £201,000 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 £71,617, £114,473 for a 2 bedroom house, £145,856 for a 3 bedroom house, £231,300 for a 4 bedroom house and £325,876 for a 5 bedroom house. For a flat similarly the prices varies from £78,622 for a single bedroom to £99,986 for a 2 bedroom Flat. Same is the case with 4 bedroom flat £140,000. To sum up the asking prices for properties in Monsell Drive, Redhill, Nottingham, NG5 it comes to around average £77,782 for 1 bedroom property, £109,999 for 2 bedroom, £145,856 for 3 bedroom, £229,874 for 4 bedroom and £325,876 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 £289 for 1 bedroom to £514 for 2 bedrooms, £642 for 3 bedrooms, £815 for 4 bedrooms and £3,748 for 5 bedrooms house. But if you are interested in renting a 1 bedroom flat then rent per month can be around £409. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £514 and £477 for 3 bedroom. You should be generally be expecting around average £383 rent per month for single bedroom property, £514 for 2 bedroom, £638 for 3 bedroom, £815 for 4 bedroom and approximately £3,748 for a 5 bedroom property in Monsell Drive, Redhill, Nottingham, NG5 area.

Popular Houses in Monsell Drive, Redhill, Nottingham, NG5

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 Monsell Drive, Redhill, Nottingham, NG5