Penn Lane, Runcorn, WA7

Street Guide For Penn Lane, Runcorn, WA7

 

Penn Lane, Runcorn, WA7 Map

Estimated Price: £123,526
Average Asking Price: £150,968
Price change in last one year: £6,815
Average Price Paid: £108,991
Average Rent Rates: £1,485

 

Property Prices Breakdown in Penn Lane, Runcorn, WA7

Average Price for property in Penn Lane, Runcorn, WA7 is around £123,526 which varies based on type of property you are interested in and ranges from £143,993 for detached house to around £124,065 for semi-detached. Similarly terraced house is around £102,255 and a flat is worth £95,794. Values have been changing and have risen £362 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £1,680 in last 6 months, £6,815 in last 1 year, £12,276 in last 2 years, £11,683 in last 3 years, £8,727 in last 4 years and £5,851 in last 5 years.

Currently average asking price of a property in Penn Lane, Runcorn, WA7 is around £150,968 based on approximately 1 properties for sale. Same is the case with rental options based on 71 properties up for rent, average asking rent is around £1,485 per month.

Estimated property value in Penn Lane, Runcorn, WA7 is £123,526. Average asking price is £150,968 while average price paid is £115,000 which is up by £6,815 and Avg. asking rent £1,485.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, Runcorn, WA7 area. In last 1 year alone average price buyer paid is around £115,000 based on approximately 1 sales in Penn Lane, Runcorn, WA7 area alone. If you compare it to last 3 years sales of 4 properties where buyers paid around £114,987. 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 £108,991 for 6 and average amount paid for purchase of approx. 8 properties sold in last 7 years comes to about £109,362 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 £87,238, £93,913 for a 2 bedroom house, £138,765 for a 3 bedroom house, £220,543 for a 4 bedroom house and £397,500 for a 5 bedroom house. For a flat similarly the prices varies from £56,250 for a single bedroom to £92,267 for a 2 bedroom Flat. To sum up the asking prices for properties in Penn Lane, Runcorn, WA7 it comes to around average £71,744 for 1 bedroom property, £93,658 for 2 bedroom, £138,765 for 3 bedroom, £220,543 for 4 bedroom and £397,500 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 £447 for 2 bedroom to £544 for 3 bedroom, £741 for 4 bedroom and £997 for 5 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £388. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £494 and £702 for 3 bedroom. You should be generally be expecting around average £388 rent per month for single bedroom property, £473 for 2 bedroom, £557 for 3 bedroom, £741 for 4 bedroom and approximately £997 for a 5 bedroom property in Penn Lane, Runcorn, WA7 area.

Popular Houses in Penn Lane, Runcorn, WA7

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 Penn Lane, Runcorn, WA7