Newminster Road, Morden, SM4

Street Guide For Newminster Road, Morden, SM4

 

Newminster Road, Morden, SM4 Map

Estimated Price: £321,081
Average Asking Price: £399,424
Price change in last one year: £40,496
Average Price Paid: £258,666
Average Rent Rates: £1,349

 

Property Prices Breakdown in Newminster Road, Morden, SM4

Average Price for property in Newminster Road, Morden, SM4 is around £321,081 which varies based on type of property you are interested in and ranges from £301,840 for semi-detached to around £323,494 for terraced house. Values have been changing and have risen £5,265 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £16,278 in last 6 months, £40,496 in last 1 year, £62,944 in last 2 years, £66,680 in last 3 years, £77,276 in last 4 years and £71,653 in last 5 years.

Currently average asking price of a property in Newminster Road, Morden, SM4 is around £399,424 based on approximately 3 properties for sale. Same is the case with rental options based on 51 properties up for rent, average asking rent is around £1,349 per month.

Estimated property value in Newminster Road, Morden, SM4 is £321,081. Average asking price is £399,424 while average price paid is £258,666 which is up by £40,496 and Avg. asking rent £1,349.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 Newminster Road, Morden, SM4 area. In last 1 year alone average price buyer paid is around £258,666 based on approximately 3 sales in Newminster Road, Morden, SM4 area alone. If you compare it to last 3 years sales of 3 properties where buyers paid around £258,666. 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 £258,666 for 3 and average amount paid for purchase of approx. 4 properties sold in last 7 years comes to about £259,000 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 2 bedroom is around £328,568, £430,073 for a 3 bedroom house, £543,738 for a 4 bedroom house and £537,129 for a 5 bedroom house. For a flat similarly the prices varies from £238,136 for a single bedroom to £277,768 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £268,317. To sum up the asking prices for properties in Newminster Road, Morden, SM4 it comes to around average £238,136 for 1 bedroom property, £303,168 for 2 bedroom, £419,044 for 3 bedroom, £543,738 for 4 bedroom and £537,129 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 £859 for 1 bedroom to £1,400 for 2 bedrooms, £1,595 for 3 bedrooms, £2,114 for 4 bedrooms and £2,700 for 5 bedrooms house. But if you are interested in renting a 1 bedroom flat then rent per month can be around £979. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £1,245. You should be generally be expecting around average £939 rent per month for single bedroom property, £1,305 for 2 bedroom, £1,595 for 3 bedroom, £2,114 for 4 bedroom and approximately £2,700 for a 5 bedroom property in Newminster Road, Morden, SM4 area.

Popular Houses in Newminster Road, Morden, SM4

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.

Transportation in Newminster Road, Morden, SM4

Areas in and around Newminster Road, Morden, SM4