Bembridge

Area Guide For Bembridge

 

Bembridge is administered by a Parish gathering of 12 individuals. For area chamber decisions the town is partitioned into two wards, the North and South, each one choosing six individuals to the body. The area committee has succeeded in acquiring Lottery subsidizing for changes to the town as of late, including a play-stop in Steyne Park. It is additionally one of the few Parish Councils that has a town focus office open 5 days a week.
The town’s population is 3,568 residents.

 
 

Bembridge Map

Estimated Price: £348,019
Average Asking Price: £306,711
Price change in last one year: £20,641
Average Price Paid: £306,797
Average Rent Rates: £699

 
 

Property Prices Breakdown in Bembridge

Average Price for property in Bembridge is around £348,019 which varies based on type of property you are interested in and ranges from £412,903 for detached house to around £285,214 for semi-detached. Similarly terraced house is around £255,298 and a flat is worth £174,213. Values have been changing and have risen £1,377 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £3,047 in last 6 months, £20,641 in last 1 year, £40,048 in last 2 years, £41,574 in last 3 years, £39,626 in last 4 years and £37,172 in last 5 years.

Currently average asking price of a property in Bembridge is around £306,711 based on approximately 75 properties for sale. Same is the case with rental options based on 8 properties up for rent, average asking rent is around £699 per month.

Estimated property value in Bembridge is £348,019. Average asking price is £306,711 while average price paid is £289,427 which is up by £20,641 and Avg. asking rent £699.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 Bembridge area. In last 1 year alone average price buyer paid is around £289,427 based on approximately 75 sales in Bembridge area alone. If you compare it to last 3 years sales of 219 properties where buyers paid around £291,317. 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 £306,797 for 366 and average amount paid for purchase of approx. 493 properties sold in last 7 years comes to about £296,899 per sale.

 
 

Properties For Sale in Bembridge

 
 

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 £129,375, £105,792 for a 2 bedroom house, £286,146 for a 3 bedroom house, £522,669 for a 4 bedroom house and £640,993 for a 5 bedroom house. For a flat similarly the prices varies from £151,750 for a single bedroom to £166,189 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £242,500. To sum up the asking prices for properties in Bembridge it comes to around average £142,800 for 1 bedroom property, £127,535 for 2 bedroom, £284,691 for 3 bedroom, £522,669 for 4 bedroom and £640,993 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 £594 for 2 bedroom to £823 for 3 bedroom and £1,101 for 5 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £475. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £650. You should be generally be expecting around average £474 rent per month for single bedroom property, £631 for 2 bedroom, £824 for 3 bedroom and approximately £1,101 for 5 bedroom property in Bembridge area.

Popular Houses in Bembridge

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.

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