Park Road, Lowestoft, NR32

Street Guide For Park Road, Lowestoft, NR32

 

Park Road, Lowestoft, NR32 Map

Estimated Price: £146,292
Average Asking Price: £190,644
Price change in last one year: £10,618
Average Price Paid: £144,562
Average Rent Rates: £843

 

Property Prices Breakdown in Park Road, Lowestoft, NR32

Average Price for property in Park Road, Lowestoft, NR32 is around £146,292 which varies based on type of property you are interested in and ranges from £173,934 for detached house to around £243,547 for semi-detached. Similarly terraced house is around £133,227 and a flat is worth £75,133. Values have been changing and have risen £970 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £1,571 in last 6 months, £10,618 in last 1 year, £16,228 in last 2 years, £18,582 in last 3 years, £17,334 in last 4 years and £16,054 in last 5 years.

Currently average asking price of a property in Park Road, Lowestoft, NR32 is around £190,644 based on approximately 2 properties for sale. Same is the case with rental options based on 92 properties up for rent, average asking rent is around £843 per month.

Estimated property value in Park Road, Lowestoft, NR32 is £146,292. Average asking price is £190,644 while average price paid is £191,750 which is up by £10,618 and Avg. asking rent £843.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 Park Road, Lowestoft, NR32 area. In last 1 year alone average price buyer paid is around £191,750 based on approximately 2 sales in Park Road, Lowestoft, NR32 area alone. If you compare it to last 3 years sales of 8 properties where buyers paid around £151,375. 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 £144,562 for 16 and average amount paid for purchase of approx. 22 properties sold in last 7 years comes to about £136,817 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 2 bedroom is around £116,147, £143,050 for a 3 bedroom house, £266,681 for a 4 bedroom house and £382,323 for a 5 bedroom house. For a flat similarly the prices varies from £72,680 for a single bedroom to £103,099 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £129,950 and £87,495 for a 4 bedroom flat. To sum up the asking prices for properties in Park Road, Lowestoft, NR32 it comes to around average £72,680 for 1 bedroom property, £114,316 for 2 bedroom, £142,882 for 3 bedroom, £259,215 for 4 bedroom and £382,323 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 £467 for 2 bedroom to £609 for 3 bedroom, £700 for 4 bedroom and £1,051 for 5 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £413. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £482. You should be generally be expecting around average £413 rent per month for single bedroom property, £473 for 2 bedroom, £609 for 3 bedroom, £700 for 4 bedroom and approximately £1,051 for a 5 bedroom property in Park Road, Lowestoft, NR32 area.

Popular Houses in Park Road, Lowestoft, NR32

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 Park Road, Lowestoft, NR32