Values have been changing and have risen £1,523 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £2,499 in last 6 months, £23,635 in last 1 year, £39,363 in last 2 years, £40,384 in last 3 years, £37,306 in last 4 years and £39,525 in last 5 years.
Currently average asking price of a property in Newitt Place, Southampton, SO16 is around £305,761 based on approximately 4 properties for sale. Same is the case with rental options based on 220 properties up for rent, average asking rent is around £1,254 per month.
Estimated property value in Newitt Place, Southampton, SO16 is £325,683. Average asking price is £305,761 while average price paid is £266,000 which is up by £23,635 and Avg. asking rent £1,254.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 Newitt Place, Southampton, SO16 area. In last 1 year alone average price buyer paid is around £266,000 based on approximately 4 sales in Newitt Place, Southampton, SO16 area alone. If you compare it to last 3 years sales of 11 properties where buyers paid around £249,454. 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 £246,363 for 15 and average amount paid for purchase of approx. 24 properties sold in last 7 years comes to about £240,199 per sale.