Mulberry Cottages, Galgate, Lancaster, LA2

Street Guide For Mulberry Cottages, Galgate, Lancaster, LA2

 

Mulberry Cottages, Galgate, Lancaster, LA2 Map

Estimated Price: £145,039
Average Asking Price: £302,926
Price change in last one year: £6,546
Average Price Paid: £117,100
Average Rent Rates: £645

 

Property Prices Breakdown in Mulberry Cottages, Galgate, Lancaster, LA2

Average Price for property in Mulberry Cottages, Galgate, Lancaster, LA2 is around £145,039 which varies based on type of property you are interested in and ranges from £101,920 for semi-detached to around £155,820 for terraced house. Values have been changing and have risen £589 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £1,761 in last 6 months, £6,546 in last 1 year, £11,317 in last 2 years, £11,736 in last 3 years, £10,947 in last 4 years and £5,237 in last 5 years.

Currently average asking price of a property in Mulberry Cottages, Galgate, Lancaster, LA2 is around £302,926 based on approximately 3 properties for sale. Same is the case with rental options based on 14 properties up for rent, average asking rent is around £645 per month.

Estimated property value in Mulberry Cottages, Galgate, Lancaster, LA2 is £145,039. Average asking price is £302,926 while average price paid is £99,500 which is up by £6,546 and Avg. asking rent £645.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 Mulberry Cottages, Galgate, Lancaster, LA2 area. In last 1 year alone average price buyer paid is around £99,500 based on approximately 3 sales in Mulberry Cottages, Galgate, Lancaster, LA2 area alone. If you compare it to last 3 years sales of 3 properties where buyers paid around £99,500. 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 £117,100 for 5 and average amount paid for purchase of approx. 7 properties sold in last 7 years comes to about £122,857 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 £97,000, £177,808 for a 2 bedroom house, £257,930 for a 3 bedroom house, £318,646 for a 4 bedroom house and £507,601 for a 5 bedroom house. For a flat similarly the prices varies from £117,488 for a single bedroom to £173,938 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £250,000. To sum up the asking prices for properties in Mulberry Cottages, Galgate, Lancaster, LA2 it comes to around average £115,211 for 1 bedroom property, £176,290 for 2 bedroom, £257,820 for 3 bedroom, £318,646 for 4 bedroom and £507,601 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 £515 for 1 bedroom to £741 for 2 bedroom, £679 for 3 bedroom and £823 for 4 bedroom. But if you are interested in renting a 2 bedroom flat then rent per month can be around £594. You should be generally be expecting around average £514 rent per month for single bedroom property, £692 for 2 bedroom, £679 for 3 bedroom and approximately £823 for 4 bedroom property in Mulberry Cottages, Galgate, Lancaster, LA2 area.

Popular Houses in Mulberry Cottages, Galgate, Lancaster, LA2

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 Mulberry Cottages, Galgate, Lancaster, LA2