Redannick Lane, Truro, TR1

Street Guide For Redannick Lane, Truro, TR1

 

Redannick Lane, Truro, TR1 Map

Estimated Price: £179,981
Average Asking Price: £311,302
Price change in last one year: £8,083
Average Price Paid: £165,408
Average Rent Rates: £916

 

Property Prices Breakdown in Redannick Lane, Truro, TR1

Average Price for property in Redannick Lane, Truro, TR1 is around £179,981 which varies based on type of property you are interested in and ranges from £252,299 for detached house to around £194,471 for semi-detached. Similarly terraced house is around £163,795 and a flat is worth £126,056. Values have been changing and have risen £1,328 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £3,689 in last 6 months, £8,083 in last 1 year, £13,642 in last 2 years, £12,388 in last 3 years, £9,165 in last 4 years and £14,151 in last 5 years.

Currently average asking price of a property in Redannick Lane, Truro, TR1 is around £311,302 based on approximately 2 properties for sale. Same is the case with rental options based on 51 properties up for rent, average asking rent is around £916 per month.

Estimated property value in Redannick Lane, Truro, TR1 is £179,981. Average asking price is £311,302 while average price paid is £168,000 which is up by £8,083 and Avg. asking rent £916.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 Redannick Lane, Truro, TR1 area. In last 1 year alone average price buyer paid is around £168,000 based on approximately 2 sales in Redannick Lane, Truro, TR1 area alone. If you compare it to last 3 years sales of 5 properties where buyers paid around £178,000. 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 £165,408 for 12 and average amount paid for purchase of approx. 17 properties sold in last 7 years comes to about £151,832 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 2 bedroom is around £178,922, £274,089 for a 3 bedroom house, £375,091 for a 4 bedroom house and £529,674 for a 5 bedroom house. For a flat similarly the prices varies from £134,158 for a single bedroom to £198,360 for a 2 bedroom Flat. To sum up the asking prices for properties in Redannick Lane, Truro, TR1 it comes to around average £134,158 for 1 bedroom property, £188,458 for 2 bedroom, £274,089 for 3 bedroom, £375,091 for 4 bedroom and £529,674 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 £455 for 1 bedroom to £773 for 2 bedrooms, £847 for 3 bedrooms, £1,083 for 4 bedrooms and £1,498 for 5 bedrooms house. But if you are interested in renting a 1 bedroom flat then rent per month can be around £568. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £648 and £875 for 3 bedroom. You should be generally be expecting around average £540 rent per month for single bedroom property, £742 for 2 bedroom, £851 for 3 bedroom, £1,083 for 4 bedroom and approximately £1,498 for a 5 bedroom property in Redannick Lane, Truro, TR1 area.

Popular Houses in Redannick Lane, Truro, TR1

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 Redannick Lane, Truro, TR1