Newnham Lane, Binstead, Ryde, PO33

Street Guide For Newnham Lane, Binstead, Ryde, PO33

 
 

Newnham Lane, Binstead, Ryde, PO33 Map

Estimated Price: £252,845
Average Asking Price: £277,565
Price change in last one year: £16,225
Average Price Paid: £236,666
Average Rent Rates: £646

Red Squirrel Property Shop Ltd
11b Holyrood House, St Thomas Square, Newport, PO3
Red Squirrel Property Shop Ltd
11b Holyrood House, St Thomas Square, Newport, PO3

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Property Prices Breakdown in Newnham Lane, Binstead, Ryde, PO33

Average Price for property in Newnham Lane, Binstead, Ryde, PO33 is around £252,845 which varies based on type of property you are interested in and ranges from £244,578 for detached house to around £310,713 for semi-detached. Values have been changing and have risen £2,770 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £9,020 in last 6 months, £16,225 in last 1 year, £28,663 in last 2 years, £30,344 in last 3 years, £27,168 in last 4 years and £29,102 in last 5 years.

Currently average asking price of a property in Newnham Lane, Binstead, Ryde, PO33 is around £277,565 based on approximately 1 properties for sale. Same is the case with rental options based on 74 properties up for rent, average asking rent is around £646 per month.

Estimated property value in Newnham Lane, Binstead, Ryde, PO33 is £252,845. Average asking price is £277,565 while average price paid is £290,000 which is up by £16,225 and Avg. asking rent £646.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 Newnham Lane, Binstead, Ryde, PO33 area. In last 1 year alone average price buyer paid is around £290,000 based on approximately 1 sales in Newnham Lane, Binstead, Ryde, PO33 area alone. If you compare it to last 3 years sales of 2 properties where buyers paid around £257,500. 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 £236,666 for 3 and average amount paid for purchase of approx. 4 properties sold in last 7 years comes to about £227,500 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 £97,380, £158,547 for a 2 bedroom house, £256,025 for a 3 bedroom house, £410,073 for a 4 bedroom house and £520,992 for a 5 bedroom house. For a flat similarly the prices varies from £92,911 for a single bedroom to £133,109 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £212,780. To sum up the asking prices for properties in Newnham Lane, Binstead, Ryde, PO33 it comes to around average £93,609 for 1 bedroom property, £145,688 for 2 bedroom, £253,103 for 3 bedroom, £410,073 for 4 bedroom and £520,992 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 £546 for 1 bedroom to £600 for 2 bedrooms, £711 for 3 bedrooms, £1,031 for 4 bedrooms and £1,284 for 5 bedrooms house. But if you are interested in renting a 1 bedroom flat then rent per month can be around £455. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £631 and £650 for 3 bedroom. You should be generally be expecting around average £462 rent per month for single bedroom property, £617 for 2 bedroom, £702 for 3 bedroom, £1,031 for 4 bedroom and approximately £1,284 for a 5 bedroom property in Newnham Lane, Binstead, Ryde, PO33 area.

Popular Houses in Newnham Lane, Binstead, Ryde, PO33

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 Newnham Lane, Binstead, Ryde, PO33