Red Barn Lane, Fareham, PO16

Street Guide For Red Barn Lane, Fareham, PO16

 

Red Barn Lane, Fareham, PO16 Map

Estimated Price: £274,948
Average Asking Price: £276,942
Price change in last one year: £20,530
Average Price Paid: £230,658
Average Rent Rates: £2,254

 

Property Prices Breakdown in Red Barn Lane, Fareham, PO16

Average Price for property in Red Barn Lane, Fareham, PO16 is around £274,948 which varies based on type of property you are interested in and ranges from £370,901 for detached house to around £247,533 for semi-detached. Values have been changing and have risen £1,763 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £6,268 in last 6 months, £20,530 in last 1 year, £33,024 in last 2 years, £33,176 in last 3 years, £29,099 in last 4 years and £29,817 in last 5 years.

Currently average asking price of a property in Red Barn Lane, Fareham, PO16 is around £276,942 based on approximately 1 properties for sale. Same is the case with rental options based on 51 properties up for rent, average asking rent is around £2,254 per month.

Estimated property value in Red Barn Lane, Fareham, PO16 is £274,948. Average asking price is £276,942 while average price paid is £225,000 which is up by £20,530 and Avg. asking rent £2,254.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 Barn Lane, Fareham, PO16 area. In last 1 year alone average price buyer paid is around £225,000 based on approximately 1 sales in Red Barn Lane, Fareham, PO16 area alone. If you compare it to last 3 years sales of 3 properties where buyers paid around £242,666. 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 £230,658 for 6 and average amount paid for purchase of approx. 6 properties sold in last 7 years comes to about £230,658 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 £106,444, £210,450 for a 2 bedroom house, £261,189 for a 3 bedroom house, £378,735 for a 4 bedroom house and £557,000 for a 5 bedroom house. For a flat similarly the prices varies from £119,786 for a single bedroom to £161,556 for a 2 bedroom Flat. To sum up the asking prices for properties in Red Barn Lane, Fareham, PO16 it comes to around average £114,449 for 1 bedroom property, £198,946 for 2 bedroom, £261,189 for 3 bedroom, £378,735 for 4 bedroom and £557,000 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 £550 for 1 bedroom to £771 for 2 bedroom and £899 for 3 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £453. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £792 and £821 for 3 bedroom. You should be generally be expecting around average £485 rent per month for single bedroom property, £776 for 2 bedroom and approximately £882 for 3 bedroom property in Red Barn Lane, Fareham, PO16 area.

Popular Houses in Red Barn Lane, Fareham, PO16

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 Barn Lane, Fareham, PO16