Values have been changing and have risen £869 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £3,090 in last 6 months, £10,122 in last 1 year, £16,284 in last 2 years, £16,361 in last 3 years, £14,355 in last 4 years and £14,713 in last 5 years.
Currently average asking price of a property in Redlands Lane, Fareham, PO16 is around £276,942 based on approximately 3 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 Redlands Lane, Fareham, PO16 is £125,494. Average asking price is £276,942 while average price paid is £124,333 which is up by £10,122 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 Redlands Lane, Fareham, PO16 area. In last 1 year alone average price buyer paid is around £124,333 based on approximately 3 sales in Redlands Lane, Fareham, PO16 area alone. If you compare it to last 3 years sales of 7 properties where buyers paid around £120,857. 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 £119,933 for 15 and average amount paid for purchase of approx. 20 properties sold in last 7 years comes to about £120,724 per sale.