Nork Way, Banstead, SM7

Street Guide For Nork Way, Banstead, SM7

 

Nork Way, Banstead, SM7 Map

Estimated Price: £556,125
Average Asking Price: £546,072
Price change in last one year: £60,213
Average Price Paid: £435,176
Average Rent Rates: £2,042

 

Property Prices Breakdown in Nork Way, Banstead, SM7

Average Price for property in Nork Way, Banstead, SM7 is around £556,125 which varies based on type of property you are interested in and ranges from £729,669 for detached house to around £399,960 for semi-detached. Similarly terraced house is around £328,549 and a flat is worth £262,995. Values have been changing and have risen £7,729 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £23,483 in last 6 months, £60,213 in last 1 year, £102,234 in last 2 years, £107,732 in last 3 years, £123,137 in last 4 years and £111,902 in last 5 years.

Currently average asking price of a property in Nork Way, Banstead, SM7 is around £546,072 based on approximately 6 properties for sale. Same is the case with rental options based on 25 properties up for rent, average asking rent is around £2,042 per month.

Estimated property value in Nork Way, Banstead, SM7 is £556,125. Average asking price is £546,072 while average price paid is £393,325 which is up by £60,213 and Avg. asking rent £2,042.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 Nork Way, Banstead, SM7 area. In last 1 year alone average price buyer paid is around £393,325 based on approximately 6 sales in Nork Way, Banstead, SM7 area alone. If you compare it to last 3 years sales of 20 properties where buyers paid around £452,825. 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 £435,176 for 32 and average amount paid for purchase of approx. 41 properties sold in last 7 years comes to about £412,514 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 £489,000, £493,689 for a 3 bedroom house, £635,283 for a 4 bedroom house and £858,999 for a 5 bedroom house. For a flat similarly the prices varies from £244,975 for a single bedroom to £341,656 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £385,000. To sum up the asking prices for properties in Nork Way, Banstead, SM7 it comes to around average £244,975 for 1 bedroom property, £394,279 for 2 bedroom, £483,171 for 3 bedroom, £635,283 for 4 bedroom and £858,999 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 £1,326 for 2 bedroom to £1,751 for 3 bedroom, £2,117 for 4 bedroom and £3,000 for 5 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £875. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £1,166. You should be generally be expecting around average £875 rent per month for single bedroom property, £1,189 for 2 bedroom, £1,751 for 3 bedroom, £2,117 for 4 bedroom and approximately £3,000 for a 5 bedroom property in Nork Way, Banstead, SM7 area.

Popular Houses in Nork Way, Banstead, SM7

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 Nork Way, Banstead, SM7