Palace Road, East Molesey, KT8

Street Guide For Palace Road, East Molesey, KT8

 

Palace Road, East Molesey, KT8 Map

Estimated Price: £1,315,564
Average Asking Price: £612,826
Price change in last one year: £89,019
Average Price Paid: £1,582,716
Average Rent Rates: £1,994

 

Property Prices Breakdown in Palace Road, East Molesey, KT8

Average Price for property in Palace Road, East Molesey, KT8 is around £1,315,564 which varies based on type of property you are interested in and ranges from £2,042,074 for detached house to around £1,772,954 for semi-detached. Similarly terraced house is around £2,128,373 and a flat is worth £487,471. Values have been changing and have risen £365 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £1,550 in last 6 months, £89,019 in last 1 year, £199,948 in last 2 years, £250,866 in last 3 years, £260,286 in last 4 years and £273,181 in last 5 years.

Currently average asking price of a property in Palace Road, East Molesey, KT8 is around £612,826 based on approximately 5 properties for sale. Same is the case with rental options based on 83 properties up for rent, average asking rent is around £1,994 per month.

Estimated property value in Palace Road, East Molesey, KT8 is £1,315,564. Average asking price is £612,826 while average price paid is £3,024,000 which is up by £89,019 and Avg. asking rent £1,994.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 Palace Road, East Molesey, KT8 area. In last 1 year alone average price buyer paid is around £3,024,000 based on approximately 5 sales in Palace Road, East Molesey, KT8 area alone. If you compare it to last 3 years sales of 24 properties where buyers paid around £1,557,330. 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 £1,582,716 for 32 and average amount paid for purchase of approx. 42 properties sold in last 7 years comes to about £1,410,787 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 £725,000, £428,546 for a 2 bedroom house, £530,635 for a 3 bedroom house, £722,605 for a 4 bedroom house and £784,142 for a 5 bedroom house. For a flat similarly the prices varies from £201,036 for a single bedroom to £361,048 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £359,950. To sum up the asking prices for properties in Palace Road, East Molesey, KT8 it comes to around average £266,531 for 1 bedroom property, £386,588 for 2 bedroom, £525,129 for 3 bedroom, £722,605 for 4 bedroom and £784,142 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 £1,432 for 2 bedroom to £2,560 for 3 bedroom and £2,349 for 4 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £2,171. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £1,665 and £1,368 for 3 bedroom. You should be generally be expecting around average £2,171 rent per month for single bedroom property, £1,610 for 2 bedroom, £2,018 for 3 bedroom and approximately £2,349 for 4 bedroom property in Palace Road, East Molesey, KT8 area.

Popular Houses in Palace Road, East Molesey, KT8

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 Palace Road, East Molesey, KT8