Old Common, Locks Heath, Southampton, SO31

Street Guide For Old Common, Locks Heath, Southampton, SO31

 

Old Common, Locks Heath, Southampton, SO31 Map

Estimated Price: £387,634
Average Asking Price: £358,708
Price change in last one year: £24,738
Average Price Paid: £285,000
Average Rent Rates: £1,077

 

Property Prices Breakdown in Old Common, Locks Heath, Southampton, SO31

Average Price for property in Old Common, Locks Heath, Southampton, SO31 is around £387,634 which varies based on type of property you are interested in and ranges from £426,043 for detached house to around £310,813 for terraced house. Values have been changing and have risen £1,506 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £3,696 in last 6 months, £24,738 in last 1 year, £46,831 in last 2 years, £49,752 in last 3 years, £46,491 in last 4 years and £45,012 in last 5 years.

Currently average asking price of a property in Old Common, Locks Heath, Southampton, SO31 is around £358,708 based on approximately 1 properties for sale. Same is the case with rental options based on 56 properties up for rent, average asking rent is around £1,077 per month.

Estimated property value in Old Common, Locks Heath, Southampton, SO31 is £387,634. Average asking price is £358,708 while average price paid is £285,000 which is up by £24,738 and Avg. asking rent £1,077.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 Common, Locks Heath, Southampton, SO31 area. In last 1 year alone average price buyer paid is around £285,000 based on approximately 1 sales in Old Common, Locks Heath, Southampton, SO31 area alone. If you compare it to last 3 years sales of 1 properties where buyers paid around £285,000. 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 £285,000 for 1 and average amount paid for purchase of approx. 4 properties sold in last 7 years comes to about £290,500 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 £88,014, £153,409 for a 2 bedroom house, £309,870 for a 3 bedroom house, £461,793 for a 4 bedroom house and £750,394 for a 5 bedroom house. For a flat similarly the prices varies from £133,284 for a single bedroom to £188,534 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £749,950 and £699,950 for a 5 bedroom flat. To sum up the asking prices for properties in Old Common, Locks Heath, Southampton, SO31 it comes to around average £114,644 for 1 bedroom property, £167,192 for 2 bedroom, £316,157 for 3 bedroom, £461,793 for 4 bedroom and £748,376 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 £623 for 1 bedroom to £771 for 2 bedrooms, £1,141 for 3 bedrooms, £1,340 for 4 bedrooms and £2,900 for 5 bedrooms house. But if you are interested in renting a 1 bedroom flat then rent per month can be around £622. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £716. You should be generally be expecting around average £622 rent per month for single bedroom property, £730 for 2 bedroom, £1,141 for 3 bedroom, £1,340 for 4 bedroom and approximately £2,900 for a 5 bedroom property in Old Common, Locks Heath, Southampton, SO31 area.

Popular Houses in Old Common, Locks Heath, Southampton, SO31

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 Common, Locks Heath, Southampton, SO31