Values have been changing and have risen £2,540 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £6,254 in last 6 months, £16,917 in last 1 year, £28,651 in last 2 years, £27,567 in last 3 years, £27,153 in last 4 years and £28,751 in last 5 years.
Currently average asking price of a property in Penn Road, Stevenage, SG1 is around £312,301 based on approximately 1 properties for sale. Same is the case with rental options based on 32 properties up for rent, average asking rent is around £903 per month.
Estimated property value in Penn Road, Stevenage, SG1 is £187,735. Average asking price is £312,301 while average price paid is £115,000 which is up by £16,917 and Avg. asking rent £903.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 Road, Stevenage, SG1 area. In last 1 year alone average price buyer paid is around £115,000 based on approximately 1 sales in Penn Road, Stevenage, SG1 area alone. If you compare it to last 3 years sales of 5 properties where buyers paid around £125,400. 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 £138,500 for 11 and average amount paid for purchase of approx. 15 properties sold in last 7 years comes to about £143,366 per sale.