Red Bank, Manchester, M4

Street Guide For Red Bank, Manchester, M4

 
 

Red Bank, Manchester, M4 Map

Estimated Price: £126,155
Average Asking Price: £160,108
Price change in last one year: £8,777
Average Price Paid: £100,267
Average Rent Rates: £961

Metro Residential
2 Arena Court Mirabel Street, Manchester, M3 1PJ

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Property Prices Breakdown in Red Bank, Manchester, M4

Average Price for property in Red Bank, Manchester, M4 is around £126,155 e.g. average price for a flat is around 126,155. Values have been changing and have risen £4 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £255 in last 6 months, £8,777 in last 1 year, £13,326 in last 2 years, £13,219 in last 3 years, £13,619 in last 4 years and £12,605 in last 5 years.

Currently average asking price of a property in Red Bank, Manchester, M4 is around £160,108 based on approximately 8 properties for sale. Same is the case with rental options based on 139 properties up for rent, average asking rent is around £961 per month.

Estimated property value in Red Bank, Manchester, M4 is £126,155. Average asking price is £160,108 while average price paid is £111,000 which is up by £8,777 and Avg. asking rent £961.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 Red Bank, Manchester, M4 area. In last 1 year alone average price buyer paid is around £111,000 based on approximately 8 sales in Red Bank, Manchester, M4 area alone. If you compare it to last 3 years sales of 29 properties where buyers paid around £99,639. 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 £100,267 for 32 and average amount paid for purchase of approx. 131 properties sold in last 7 years comes to about £100,595 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 £110,000, £188,738 for a 2 bedroom house and £292,485 for a 3 bedroom house. For a flat similarly the prices varies from £114,873 for a single bedroom to £167,358 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £275,156. To sum up the asking prices for properties in Red Bank, Manchester, M4 it comes to around average £114,827 for 1 bedroom property, £167,982 for 2 bedroom and £283,821 for 3 bedroom.

But if you are interested in renting a 1 bedroom flat then rent per month can be around £687. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £951 and £2,135 for 3 bedroom. You should be generally be expecting around average £687 rent per month for single bedroom property, £951 for 2 bedroom and approximately £2,135 for 3 bedroom property in Red Bank, Manchester, M4 area.

Popular Houses in Red Bank, Manchester, M4

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 Red Bank, Manchester, M4