Penny Cress Road, Minster on Sea, Sheerness, ME12

Street Guide For Penny Cress Road, Minster on Sea, Sheerness, ME12

 

Penny Cress Road, Minster on Sea, Sheerness, ME12 Map

Estimated Price: £264,283
Average Asking Price: £207,540
Price change in last one year: £22,967
Average Price Paid: £203,191
Average Rent Rates: £732

 

Property Prices Breakdown in Penny Cress Road, Minster on Sea, Sheerness, ME12

Average Price for property in Penny Cress Road, Minster on Sea, Sheerness, ME12 is around £264,283 which varies based on type of property you are interested in and ranges from £277,591 for detached house to around £221,793 for semi-detached. Similarly terraced house is around £184,998. Values have been changing and have risen £1,381 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £4,498 in last 6 months, £22,967 in last 1 year, £36,009 in last 2 years, £43,849 in last 3 years, £41,548 in last 4 years and £38,061 in last 5 years.

Currently average asking price of a property in Penny Cress Road, Minster on Sea, Sheerness, ME12 is around £207,540 based on approximately 5 properties for sale. Same is the case with rental options based on 30 properties up for rent, average asking rent is around £732 per month.

Estimated property value in Penny Cress Road, Minster on Sea, Sheerness, ME12 is £264,283. Average asking price is £207,540 while average price paid is £229,000 which is up by £22,967 and Avg. asking rent £732.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 Penny Cress Road, Minster on Sea, Sheerness, ME12 area. In last 1 year alone average price buyer paid is around £229,000 based on approximately 5 sales in Penny Cress Road, Minster on Sea, Sheerness, ME12 area alone. If you compare it to last 3 years sales of 14 properties where buyers paid around £203,089. 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 £203,191 for 17 and average amount paid for purchase of approx. 21 properties sold in last 7 years comes to about £208,773 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 £70,000, £89,407 for a 2 bedroom house, £190,069 for a 3 bedroom house, £305,587 for a 4 bedroom house and £488,333 for a 5 bedroom house. For a flat similarly the prices varies from £61,249 for a single bedroom to £119,699 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £100,000. To sum up the asking prices for properties in Penny Cress Road, Minster on Sea, Sheerness, ME12 it comes to around average £63,437 for 1 bedroom property, £93,334 for 2 bedroom, £188,818 for 3 bedroom, £305,587 for 4 bedroom and £488,333 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 £516 for 1 bedroom to £696 for 2 bedrooms, £716 for 3 bedrooms, £1,416 for 4 bedrooms and £1,575 for 5 bedrooms house. But if you are interested in renting a 1 bedroom flat then rent per month can be around £544. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £724. You should be generally be expecting around average £538 rent per month for single bedroom property, £705 for 2 bedroom, £716 for 3 bedroom, £1,416 for 4 bedroom and approximately £1,575 for a 5 bedroom property in Penny Cress Road, Minster on Sea, Sheerness, ME12 area.

Popular Houses in Penny Cress Road, Minster on Sea, Sheerness, ME12

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 Penny Cress Road, Minster on Sea, Sheerness, ME12