Area Guide For Otley

Otley is a town spotted in the province of Suffolk, Britain, around eight miles north of Ipswich. The town is home to Otley Corridor, a sixteenth century, Grade I recorded house which was verifiably the seat of the group of Bartholomew Gosnold, and Otley School, offering professionally centered courses in various regions. Otley is additionally home to numerous little organizations, including Soames Mentors. It is the origination of Roger Osborne who scored the main objective of the diversion in the 1978 FA Mug Last for Ipswich Town against Weapons store. Otley was additionally for a long time, the home of the late Percy Edwards celebrated for impressions of feathered creatures and other creature commotions.


Otley Map

Estimated Price: £250,263
Average Asking Price: £374,465
Price change in last one year: £11,309
Average Price Paid: £203,077
Average Rent Rates: £943


Property Prices Breakdown in Otley

Average Price for property in Otley is around £250,263 which varies based on type of property you are interested in and ranges from £402,308 for detached house to around £218,286 for semi-detached. Similarly terraced house is around £198,500 and a flat is worth £161,313. Values have been changing and have risen £2,004 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £6,415 in last 6 months, £11,309 in last 1 year, £20,945 in last 2 years, £19,878 in last 3 years, £32,466 in last 4 years and £28,498 in last 5 years.

Currently average asking price of a property in Otley is around £374,465 based on approximately 254 properties for sale. Same is the case with rental options based on 12 properties up for rent, average asking rent is around £943 per month.

Estimated property value in Otley is £250,263. Average asking price is £374,465 while average price paid is £206,958 which is up by £11,309 and Avg. asking rent £943.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 Otley area. In last 1 year alone average price buyer paid is around £206,958 based on approximately 254 sales in Otley area alone. If you compare it to last 3 years sales of 775 properties where buyers paid around £206,176. 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 £203,077 for 1,221 and average amount paid for purchase of approx. 1,566 properties sold in last 7 years comes to about £201,254 per sale.


Properties For Sale in Otley


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 £127,500, £205,743 for a 2 bedroom house, £250,779 for a 3 bedroom house, £430,579 for a 4 bedroom house and £804,914 for a 5 bedroom house. For a flat similarly the prices varies from £149,975 for a single bedroom to £174,974 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £210,000. To sum up the asking prices for properties in Otley it comes to around average £142,483 for 1 bedroom property, £199,265 for 2 bedroom, £249,505 for 3 bedroom, £430,579 for 4 bedroom and £804,914 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 £793 for 2 bedroom to £849 for 3 bedroom and £1,751 for 5 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £498. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £550. You should be generally be expecting around average £498 rent per month for single bedroom property, £672 for 2 bedroom, £849 for 3 bedroom and approximately £1,751 for 5 bedroom property in Otley area.

Popular Houses in Otley

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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