OL15

Real Estate Area Guide For OL15

 

OL15 Map

Estimated Price: £162,309
Average Asking Price: £180,443
Price change in last one year: £7,093
Average Price Paid: £139,038
Average Rent Rates: £721

 

Property Prices Breakdown in OL15

Average Price for property in OL15 is around £162,309 which varies based on type of property you are interested in and ranges from £270,484 for detached house to around £153,900 for semi-detached. Similarly terraced house is around £115,216 and a flat is worth £121,602. Values have been changing and have risen £93 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £1,180 in last 6 months, £7,093 in last 1 year, £14,841 in last 2 years, £16,571 in last 3 years, £10,163 in last 4 years and £6,950 in last 5 years.

Currently average asking price of a property in OL15 is around £180,443 based on approximately 161 properties for sale. Same is the case with rental options based on 30 properties up for rent, average asking rent is around £721 per month.

Estimated property value in OL15 is £162,309. Average asking price is £180,443 while average price paid is £135,805 which is up by £7,093 and Avg. asking rent £721.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 OL15 area. In last 1 year alone average price buyer paid is around £135,805 based on approximately 161 sales in OL15 area alone. If you compare it to last 3 years sales of 529 properties where buyers paid around £134,333. 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 £139,038 for 828 and average amount paid for purchase of approx. 1,129 properties sold in last 7 years comes to about £141,198 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 £88,300, £110,100 for a 2 bedroom house, £162,423 for a 3 bedroom house, £287,284 for a 4 bedroom house and £262,461 for a 5 bedroom house. For a flat the prices of 2 bedroom is £117,660. To sum up the asking prices for properties in OL15 it comes to around average £88,300 for 1 bedroom property, £111,780 for 2 bedroom, £162,423 for 3 bedroom, £287,284 for 4 bedroom and £262,461 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 £394 for 1 bedroom to £451 for 2 bedroom, £622 for 3 bedroom and £650 for 4 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £321. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £476. You should be generally be expecting around average £339 rent per month for single bedroom property, £466 for 2 bedroom, £622 for 3 bedroom and approximately £650 for 4 bedroom property in OL15 area.

Popular Houses in OL15

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.

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