Values have been changing and have risen £677 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £1,110 in last 6 months, £10,489 in last 1 year, £17,470 in last 2 years, £17,926 in last 3 years, £16,562 in last 4 years and £17,549 in last 5 years.
Currently average asking price of a property in Pennine Road, Southampton, SO16 is around £305,761 based on approximately 7 properties for sale. Same is the case with rental options based on 220 properties up for rent, average asking rent is around £1,254 per month.
Estimated property value in Pennine Road, Southampton, SO16 is £144,502. Average asking price is £305,761 while average price paid is £136,714 which is up by £10,489 and Avg. asking rent £1,254.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 Pennine Road, Southampton, SO16 area. In last 1 year alone average price buyer paid is around £136,714 based on approximately 7 sales in Pennine Road, Southampton, SO16 area alone. If you compare it to last 3 years sales of 8 properties where buyers paid around £134,000. 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 £128,950 for 10 and average amount paid for purchase of approx. 12 properties sold in last 7 years comes to about £124,125 per sale.