Average Price for property in Penn Lane, Bexley, DA5 is around £297,115 which varies based on type of property you are interested in and ranges from £305,406 for detached house to around £296,084 for semi-detached. Similarly terraced house is around £293,400. Values have been changing and have risen £4,012 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £12,635 in last 6 months, £30,354 in last 1 year, £41,743 in last 2 years, £50,060 in last 3 years, £48,683 in last 4 years and £50,556 in last 5 years.
Currently average asking price of a property in Penn Lane, Bexley, DA5 is around £428,057 based on approximately 1 properties for sale. Same is the case with rental options based on 16 properties up for rent, average asking rent is around £1,155 per month.
Estimated property value in Penn Lane, Bexley, DA5 is £297,115. Average asking price is £428,057 while average price paid is £307,500 which is up by £30,354 and Avg. asking rent £1,155.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 Penn Lane, Bexley, DA5 area. In last 1 year alone average price buyer paid is around £307,500 based on approximately 1 sales in Penn Lane, Bexley, DA5 area alone. If you compare it to last 3 years sales of 3 properties where buyers paid around £242,498. 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 £222,499 for 5 and average amount paid for purchase of approx. 7 properties sold in last 7 years comes to about £211,285 per sale.