Average Price for property in South Molton is around £256,461 which varies based on type of property you are interested in and ranges from £359,525 for detached house to around £210,733 for semi-detached. Similarly terraced house is around £172,517 and a flat is worth £118,142. Values have been changing and have risen £415 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £1,254 in last 6 months, £15,799 in last 1 year, £26,992 in last 2 years, £25,880 in last 3 years, £21,156 in last 4 years and £24,010 in last 5 years.
Currently average asking price of a property in South Molton is around £378,514 based on approximately 129 properties for sale. Same is the case with rental options based on 9 properties up for rent, average asking rent is around £706 per month.
Estimated property value in South Molton is £256,461. Average asking price is £378,514 while average price paid is £216,483 which is up by £15,799 and Avg. asking rent £706.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 South Molton area. In last 1 year alone average price buyer paid is around £216,483 based on approximately 129 sales in South Molton area alone. If you compare it to last 3 years sales of 365 properties where buyers paid around £214,216. 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 £211,827 for 590 and average amount paid for purchase of approx. 785 properties sold in last 7 years comes to about £206,385 per sale.