Oak Path, Motherwell, ML1

Street Guide For Oak Path, Motherwell, ML1

 

Oak Path, Motherwell, ML1 Map

Estimated Price: £65,969
Average Asking Price: £131,389
Price change in last one year: £3,338
Average Price Paid: £24,000
Average Rent Rates: £459

 

Property Prices Breakdown in Oak Path, Motherwell, ML1

Average Price for property in Oak Path, Motherwell, ML1 is around £65,969 Values have been changing and have risen £887 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £2,723 in last 6 months, £3,338 in last 1 year, £6,436 in last 2 years, £5,639 in last 3 years, £2,839 in last 4 years and £5,119 in last 5 years.

Currently average asking price of a property in Oak Path, Motherwell, ML1 is around £131,389 based on approximately 0 properties for sale. Same is the case with rental options based on 43 properties up for rent, average asking rent is around £459 per month.

Estimated property value in Oak Path, Motherwell, ML1 is £65,969. Average asking price is £131,389 while average price paid is £24,000 which is up by £5,639 and Avg. asking rent £459.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 Oak Path, Motherwell, ML1 area. In last 3 years alone average price buyer paid is around £24,000 based on approximately 1 sales in Oak Path, Motherwell, ML1 area alone. If you compare it to last 5 years sales of 1 properties where buyers paid around £24,000. It has been same for some time now for e.g. if you take an average of amount paid in last 7 years, it comes to around £24,000 for 1 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 £76,374, £81,910 for a 2 bedroom house, £119,744 for a 3 bedroom house, £204,583 for a 4 bedroom house and £287,577 for a 5 bedroom house. For a flat similarly the prices varies from £67,261 for a single bedroom to £81,226 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £83,831 and £74,498 for a 4 bedroom flat. To sum up the asking prices for properties in Oak Path, Motherwell, ML1 it comes to around average £68,997 for 1 bedroom property, £81,466 for 2 bedroom, £116,957 for 3 bedroom, £200,919 for 4 bedroom and £287,577 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 £476 for 2 bedroom to £688 for 3 bedroom and £1,200 for 5 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £360. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £426 and £444 for 3 bedroom. You should be generally be expecting around average £360 rent per month for single bedroom property, £437 for 2 bedroom, £517 for 3 bedroom and approximately £1,200 for 5 bedroom property in Oak Path, Motherwell, ML1 area.

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 Oak Path, Motherwell, ML1