Newark Road, Lowestoft, NR33

Street Guide For Newark Road, Lowestoft, NR33

 

Newark Road, Lowestoft, NR33 Map

Estimated Price: £151,630
Average Asking Price: £175,504
Price change in last one year: £12,211
Average Price Paid: £133,699
Average Rent Rates: £527

 

Property Prices Breakdown in Newark Road, Lowestoft, NR33

Average Price for property in Newark Road, Lowestoft, NR33 is around £151,630 which varies based on type of property you are interested in and ranges from £163,426 for semi-detached to around £139,835 for terraced house. Values have been changing and have risen £1,184 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £3,045 in last 6 months, £12,211 in last 1 year, £16,837 in last 2 years, £20,850 in last 3 years, £19,485 in last 4 years and £19,344 in last 5 years.

Currently average asking price of a property in Newark Road, Lowestoft, NR33 is around £175,504 based on approximately 0 properties for sale. Same is the case with rental options based on 52 properties up for rent, average asking rent is around £527 per month.

Estimated property value in Newark Road, Lowestoft, NR33 is £151,630. Average asking price is £175,504 while average price paid is £154,250 which is up by £20,850 and Avg. asking rent £527.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 Newark Road, Lowestoft, NR33 area. In last 3 years alone average price buyer paid is around £154,250 based on approximately 2 sales in Newark Road, Lowestoft, NR33 area alone. If you compare it to last 5 years sales of 5 properties where buyers paid around £133,699. It has been same for some time now for e.g. if you take an average of amount paid in last 7 years, it comes to around £133,699 for 5 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 £76,250, £107,454 for a 2 bedroom house, £145,716 for a 3 bedroom house, £261,887 for a 4 bedroom house and £327,844 for a 5 bedroom house. For a flat similarly the prices varies from £106,316 for a single bedroom to £139,349 for a 2 bedroom Flat. To sum up the asking prices for properties in Newark Road, Lowestoft, NR33 it comes to around average £94,290 for 1 bedroom property, £111,779 for 2 bedroom, £145,716 for 3 bedroom, £261,887 for 4 bedroom and £327,844 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 £494 for 1 bedroom to £540 for 2 bedroom, £624 for 3 bedroom and £750 for 4 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £384. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £494. You should be generally be expecting around average £393 rent per month for single bedroom property, £530 for 2 bedroom, £624 for 3 bedroom and approximately £750 for 4 bedroom property in Newark Road, Lowestoft, NR33 area.

Popular Houses in Newark Road, Lowestoft, NR33

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 Newark Road, Lowestoft, NR33