NP16

Real Estate Area Guide For NP16

 

NP16 Map

Estimated Price: £283,903
Average Asking Price: £363,225
Price change in last one year: £20,304
Average Price Paid: £232,107
Average Rent Rates: £879

 

Property Prices Breakdown in NP16

Average Price for property in NP16 is around £283,903 which varies based on type of property you are interested in and ranges from £384,424 for detached house to around £205,995 for semi-detached. Similarly terraced house is around £172,393 and a flat is worth £143,456. Values have been changing and have risen £2,140 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £5,983 in last 6 months, £20,304 in last 1 year, £24,816 in last 2 years, £25,935 in last 3 years, £31,038 in last 4 years and £21,482 in last 5 years.

Currently average asking price of a property in NP16 is around £363,225 based on approximately 284 properties for sale. Same is the case with rental options based on 44 properties up for rent, average asking rent is around £879 per month.

Estimated property value in NP16 is £283,903. Average asking price is £363,225 while average price paid is £237,174 which is up by £20,304 and Avg. asking rent £879.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 NP16 area. In last 1 year alone average price buyer paid is around £237,174 based on approximately 284 sales in NP16 area alone. If you compare it to last 3 years sales of 862 properties where buyers paid around £232,669. 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 £232,107 for 1,413 and average amount paid for purchase of approx. 1,879 properties sold in last 7 years comes to about £228,417 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 £155,967, £197,972 for a 2 bedroom house, £245,906 for a 3 bedroom house, £446,424 for a 4 bedroom house and £551,090 for a 5 bedroom house. For a flat similarly the prices varies from £140,529 for a single bedroom to £198,170 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £274,950. To sum up the asking prices for properties in NP16 it comes to around average £143,253 for 1 bedroom property, £198,037 for 2 bedroom, £246,651 for 3 bedroom, £446,424 for 4 bedroom and £551,090 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 £614 for 2 bedroom to £709 for 3 bedroom, £1,312 for 4 bedroom and £1,624 for 5 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £481. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £626. You should be generally be expecting around average £481 rent per month for single bedroom property, £616 for 2 bedroom, £709 for 3 bedroom, £1,312 for 4 bedroom and approximately £1,624 for a 5 bedroom property in NP16 area.

Popular Houses in NP16

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.

Browse by Streets in NP16