Average Price for property in Newmarket is around £304,800 which varies based on type of property you are interested in and ranges from £458,728 for detached house to around £243,900 for semi-detached. Similarly terraced house is around £199,169 and a flat is worth £202,067. Values have been changing and have risen £1,841 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £5,624 in last 6 months, £20,858 in last 1 year, £26,317 in last 2 years, £43,871 in last 3 years, £40,932 in last 4 years and £37,115 in last 5 years.
Currently average asking price of a property in Newmarket is around £535,863 based on approximately 537 properties for sale. Same is the case with rental options based on 68 properties up for rent, average asking rent is around £1,377 per month.
Estimated property value in Newmarket is £304,800. Average asking price is £535,863 while average price paid is £255,897 which is up by £20,858 and Avg. asking rent £1,377.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 Newmarket area. In last 1 year alone average price buyer paid is around £255,897 based on approximately 537 sales in Newmarket area alone. If you compare it to last 3 years sales of 1,508 properties where buyers paid around £247,158. 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 £238,789 for 2,421 and average amount paid for purchase of approx. 3,267 properties sold in last 7 years comes to about £238,414 per sale.