Values have been changing and have risen £1,536 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £3,897 in last 6 months, £9,431 in last 1 year, £15,213 in last 2 years, £12,868 in last 3 years, £10,190 in last 4 years and £8,949 in last 5 years.
Currently average asking price of a property in Rainbow Drive, Melling, Liverpool, L31 is around £221,705 based on approximately 1 properties for sale. Same is the case with rental options based on 20 properties up for rent, average asking rent is around £998 per month.
Estimated property value in Rainbow Drive, Melling, Liverpool, L31 is £144,679. Average asking price is £221,705 while average price paid is £147,000 which is up by £9,431 and Avg. asking rent £998.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 Rainbow Drive, Melling, Liverpool, L31 area. In last 1 year alone average price buyer paid is around £147,000 based on approximately 1 sales in Rainbow Drive, Melling, Liverpool, L31 area alone. If you compare it to last 3 years sales of 2 properties where buyers paid around £128,500. 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 £113,166 for 3 and average amount paid for purchase of approx. 4 properties sold in last 7 years comes to about £121,875 per sale.