Offington Lane, Worthing, BN14

Street Guide For Offington Lane, Worthing, BN14

 

Offington Lane, Worthing, BN14 Map

Estimated Price: £353,566
Average Asking Price: £298,906
Price change in last one year: £23,623
Average Price Paid: £204,786
Average Rent Rates: £1,420

 

Property Prices Breakdown in Offington Lane, Worthing, BN14

Average Price for property in Offington Lane, Worthing, BN14 is around £353,566 which varies based on type of property you are interested in and ranges from £520,292 for detached house to around £450,297 for semi-detached. Similarly terraced house is around £283,882 and a flat is worth £169,510. Values have been changing and have risen £2,218 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £6,753 in last 6 months, £23,623 in last 1 year, £44,468 in last 2 years, £50,367 in last 3 years, £48,396 in last 4 years and £50,326 in last 5 years.

Currently average asking price of a property in Offington Lane, Worthing, BN14 is around £298,906 based on approximately 7 properties for sale. Same is the case with rental options based on 42 properties up for rent, average asking rent is around £1,420 per month.

Estimated property value in Offington Lane, Worthing, BN14 is £353,566. Average asking price is £298,906 while average price paid is £192,286 which is up by £23,623 and Avg. asking rent £1,420.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 Offington Lane, Worthing, BN14 area. In last 1 year alone average price buyer paid is around £192,286 based on approximately 7 sales in Offington Lane, Worthing, BN14 area alone. If you compare it to last 3 years sales of 21 properties where buyers paid around £193,452. 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 £204,786 for 40 and average amount paid for purchase of approx. 50 properties sold in last 7 years comes to about £221,349 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 £109,575, £259,977 for a 2 bedroom house, £306,305 for a 3 bedroom house, £449,729 for a 4 bedroom house and £573,990 for a 5 bedroom house. For a flat similarly the prices varies from £120,036 for a single bedroom to £163,220 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £160,000. To sum up the asking prices for properties in Offington Lane, Worthing, BN14 it comes to around average £116,344 for 1 bedroom property, £209,052 for 2 bedroom, £297,161 for 3 bedroom, £449,729 for 4 bedroom and £573,990 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 £576 for 1 bedroom to £1,001 for 2 bedroom, £1,222 for 3 bedroom and £1,387 for 4 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £584. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £793, £862 for 3 bedroom and £1,101 for 4 bedroom. You should be generally be expecting around average £582 rent per month for single bedroom property, £812 for 2 bedroom, £1,150 for 3 bedroom and approximately £1,291 for 4 bedroom property in Offington Lane, Worthing, BN14 area.

Popular Houses in Offington Lane, Worthing, BN14

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 Offington Lane, Worthing, BN14