Old Chapel Lane, Underwood, Nottingham, NG16

Street Guide For Old Chapel Lane, Underwood, Nottingham, NG16

 

Old Chapel Lane, Underwood, Nottingham, NG16 Map

Estimated Price: £218,262
Average Asking Price: £2,162,880
Price change in last one year: £10,761
Average Price Paid: £182,000
Average Rent Rates: £679

 

Property Prices Breakdown in Old Chapel Lane, Underwood, Nottingham, NG16

Average Price for property in Old Chapel Lane, Underwood, Nottingham, NG16 is around £218,262 which varies based on type of property you are interested in and ranges from £289,440 for detached house to around £145,049 for semi-detached. Similarly terraced house is around £157,266. Values have been changing and have risen £15 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £435 in last 6 months, £10,761 in last 1 year, £19,558 in last 2 years, £20,330 in last 3 years, £19,971 in last 4 years and £17,373 in last 5 years.

Currently average asking price of a property in Old Chapel Lane, Underwood, Nottingham, NG16 is around £2,162,880 based on approximately 0 properties for sale. Same is the case with rental options based on 79 properties up for rent, average asking rent is around £679 per month.

Estimated property value in Old Chapel Lane, Underwood, Nottingham, NG16 is £218,262. Average asking price is £2,162,880 while average price paid is £133,250 which is up by £20,330 and Avg. asking rent £679.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 Old Chapel Lane, Underwood, Nottingham, NG16 area. In last 3 years alone average price buyer paid is around £133,250 based on approximately 2 sales in Old Chapel Lane, Underwood, Nottingham, NG16 area alone. If you compare it to last 5 years sales of 3 properties where buyers paid around £182,000. 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 £209,000 for 4 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 £89,983, £111,219 for a 2 bedroom house, £151,239 for a 3 bedroom house, £251,812 for a 4 bedroom house and £342,784 for a 5 bedroom house. For a flat similarly the prices varies from £84,950 for a single bedroom to £92,540 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £72,000. To sum up the asking prices for properties in Old Chapel Lane, Underwood, Nottingham, NG16 it comes to around average £87,970 for 1 bedroom property, £109,741 for 2 bedroom, £150,512 for 3 bedroom, £251,812 for 4 bedroom and £342,784 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 £491 for 2 bedroom to £594 for 3 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £366. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £469. You should be generally be expecting around average £366 rent per month for single bedroom property, £486 for 2 bedroom and approximately £594 for 3 bedroom property in Old Chapel Lane, Underwood, Nottingham, NG16 area.

Popular Houses in Old Chapel Lane, Underwood, Nottingham, NG16

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 Old Chapel Lane, Underwood, Nottingham, NG16