Morland Avenue, Leicester, LE2

Street Guide For Morland Avenue, Leicester, LE2

 

Morland Avenue, Leicester, LE2 Map

Estimated Price: £401,629
Average Asking Price: £232,679
Price change in last one year: £24,643
Average Price Paid: £443,921
Average Rent Rates: £823

 

Property Prices Breakdown in Morland Avenue, Leicester, LE2

Average Price for property in Morland Avenue, Leicester, LE2 is around £401,629 which varies based on type of property you are interested in and ranges from £462,505 for detached house to around £488,086 for semi-detached. Similarly terraced house is around £45,445 and a flat is worth £123,877. Values have been changing and have risen £1,841 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £8,378 in last 6 months, £24,643 in last 1 year, £42,958 in last 2 years, £45,646 in last 3 years, £39,956 in last 4 years and £38,087 in last 5 years.

Currently average asking price of a property in Morland Avenue, Leicester, LE2 is around £232,679 based on approximately 4 properties for sale. Same is the case with rental options based on 710 properties up for rent, average asking rent is around £823 per month.

Estimated property value in Morland Avenue, Leicester, LE2 is £401,629. Average asking price is £232,679 while average price paid is £508,125 which is up by £24,643 and Avg. asking rent £823.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 Morland Avenue, Leicester, LE2 area. In last 1 year alone average price buyer paid is around £508,125 based on approximately 4 sales in Morland Avenue, Leicester, LE2 area alone. If you compare it to last 3 years sales of 5 properties where buyers paid around £470,500. 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 £443,921 for 7 and average amount paid for purchase of approx. 9 properties sold in last 7 years comes to about £419,994 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 £131,231, £143,089 for a 2 bedroom house, £196,390 for a 3 bedroom house, £323,514 for a 4 bedroom house and £386,502 for a 5 bedroom house. For a flat similarly the prices varies from £99,555 for a single bedroom to £137,960 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £225,817. To sum up the asking prices for properties in Morland Avenue, Leicester, LE2 it comes to around average £103,337 for 1 bedroom property, £141,037 for 2 bedroom, £197,157 for 3 bedroom, £323,514 for 4 bedroom and £386,502 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 £431 for 1 bedroom to £558 for 2 bedrooms, £672 for 3 bedrooms, £851 for 4 bedrooms and £1,220 for 5 bedrooms house. But if you are interested in renting a 1 bedroom flat then rent per month can be around £435. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £606, £679 for 3 bedroom, £719 for 4 bedroom and around £911 for 5 bedroom flat. You should be generally be expecting around average £434 rent per month for single bedroom property, £583 for 2 bedroom, £672 for 3 bedroom, £844 for 4 bedroom and approximately £1,192 for a 5 bedroom property in Morland Avenue, Leicester, LE2 area.

Popular Houses in Morland Avenue, Leicester, LE2

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 Morland Avenue, Leicester, LE2