Parks Lane, Minehead, TA24

Street Guide For Parks Lane, Minehead, TA24

 

Parks Lane, Minehead, TA24 Map

Estimated Price: £202,173
Average Asking Price: £257,044
Price change in last one year: £17,481
Average Price Paid: £169,222
Average Rent Rates: £716

 

Property Prices Breakdown in Parks Lane, Minehead, TA24

Average Price for property in Parks Lane, Minehead, TA24 is around £202,173 which varies based on type of property you are interested in and ranges from £300,500 for detached house to around £245,541 for semi-detached. Similarly terraced house is around £171,006 and a flat is worth £144,495. Values have been changing and have risen £1,595 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £4,933 in last 6 months, £17,481 in last 1 year, £18,439 in last 2 years, £19,969 in last 3 years, £23,086 in last 4 years and £23,120 in last 5 years.

Currently average asking price of a property in Parks Lane, Minehead, TA24 is around £257,044 based on approximately 4 properties for sale. Same is the case with rental options based on 44 properties up for rent, average asking rent is around £716 per month.

Estimated property value in Parks Lane, Minehead, TA24 is £202,173. Average asking price is £257,044 while average price paid is £184,000 which is up by £17,481 and Avg. asking rent £716.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 Parks Lane, Minehead, TA24 area. In last 1 year alone average price buyer paid is around £184,000 based on approximately 4 sales in Parks Lane, Minehead, TA24 area alone. If you compare it to last 3 years sales of 6 properties where buyers paid around £174,333. 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 £169,222 for 9 and average amount paid for purchase of approx. 10 properties sold in last 7 years comes to about £172,800 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 £92,995, £186,483 for a 2 bedroom house, £249,233 for a 3 bedroom house, £372,767 for a 4 bedroom house and £476,877 for a 5 bedroom house. For a flat similarly the prices varies from £101,180 for a single bedroom to £149,406 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £176,511 and £260,000 for a 5 bedroom flat. To sum up the asking prices for properties in Parks Lane, Minehead, TA24 it comes to around average £98,532 for 1 bedroom property, £167,944 for 2 bedroom, £239,537 for 3 bedroom, £372,767 for 4 bedroom and £468,844 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 £486 for 1 bedroom to £632 for 2 bedroom, £683 for 3 bedroom and £802 for 4 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £462. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £580 and £650 for 3 bedroom. You should be generally be expecting around average £474 rent per month for single bedroom property, £610 for 2 bedroom, £680 for 3 bedroom and approximately £802 for 4 bedroom property in Parks Lane, Minehead, TA24 area.

Popular Houses in Parks Lane, Minehead, TA24

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 Parks Lane, Minehead, TA24