Newark Road, Southwell, NG25

Street Guide For Newark Road, Southwell, NG25

 

Newark Road, Southwell, NG25 Map

Estimated Price: £314,443
Average Asking Price: £417,144
Price change in last one year: £16,856
Average Price Paid: £225,125
Average Rent Rates: £629

 

Property Prices Breakdown in Newark Road, Southwell, NG25

Average Price for property in Newark Road, Southwell, NG25 is around £314,443 which varies based on type of property you are interested in and ranges from £334,683 for detached house to around £260,470 for semi-detached. Values have been changing and have risen £301 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £2,231 in last 6 months, £16,856 in last 1 year, £31,817 in last 2 years, £35,418 in last 3 years, £27,845 in last 4 years and £25,559 in last 5 years.

Currently average asking price of a property in Newark Road, Southwell, NG25 is around £417,144 based on approximately 4 properties for sale. Same is the case with rental options based on 21 properties up for rent, average asking rent is around £629 per month.

Estimated property value in Newark Road, Southwell, NG25 is £314,443. Average asking price is £417,144 while average price paid is £225,250 which is up by £16,856 and Avg. asking rent £629.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, Southwell, NG25 area. In last 1 year alone average price buyer paid is around £225,250 based on approximately 4 sales in Newark Road, Southwell, NG25 area alone. If you compare it to last 3 years sales of 6 properties where buyers paid around £221,833. 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 £225,125 for 8 and average amount paid for purchase of approx. 9 properties sold in last 7 years comes to about £216,777 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 £95,000, £207,480 for a 2 bedroom house, £295,475 for a 3 bedroom house, £419,907 for a 4 bedroom house and £570,714 for a 5 bedroom house. For a flat similarly the prices varies from £119,950 for a single bedroom to £240,633 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £165,000. To sum up the asking prices for properties in Newark Road, Southwell, NG25 it comes to around average £107,475 for 1 bedroom property, £215,131 for 2 bedroom, £283,614 for 3 bedroom, £419,907 for 4 bedroom and £570,714 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 £475 for 1 bedroom to £607 for 2 bedroom, £663 for 3 bedroom and £1,599 for 4 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £471. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £825. You should be generally be expecting around average £472 rent per month for single bedroom property, £700 for 2 bedroom, £663 for 3 bedroom and approximately £1,599 for 4 bedroom property in Newark Road, Southwell, NG25 area.

Popular Houses in Newark Road, Southwell, NG25

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, Southwell, NG25