Values have been changing and have risen £178 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £2,475 in last 6 months, £27,205 in last 1 year, £46,742 in last 2 years, £58,738 in last 3 years, £56,695 in last 4 years and £63,218 in last 5 years.
Currently average asking price of a property in Penn Way, Welwyn Garden City, AL7 is around £588,217 based on approximately 2 properties for sale. Same is the case with rental options based on 40 properties up for rent, average asking rent is around £1,600 per month.
Estimated property value in Penn Way, Welwyn Garden City, AL7 is £357,004. Average asking price is £588,217 while average price paid is £200,000 which is up by £27,205 and Avg. asking rent £1,600.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 Way, Welwyn Garden City, AL7 area. In last 1 year alone average price buyer paid is around £200,000 based on approximately 2 sales in Penn Way, Welwyn Garden City, AL7 area alone. If you compare it to last 3 years sales of 41 properties where buyers paid around £258,024. 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 £259,641 for 43 and average amount paid for purchase of approx. 43 properties sold in last 7 years comes to about £259,641 per sale.