Richmond Road, Gillingham, ME7

Street Guide For Richmond Road, Gillingham, ME7

 
 

Richmond Road, Gillingham, ME7 Map

Estimated Price: £130,820
Average Asking Price: £219,595
Price change in last one year: £10,725
Average Price Paid: £102,857
Average Rent Rates: £730

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Property Prices Breakdown in Richmond Road, Gillingham, ME7

Average Price for property in Richmond Road, Gillingham, ME7 is around £130,820 which varies based on type of property you are interested in and ranges from £144,825 for detached house to around £159,424 for semi-detached. Similarly terraced house is around £148,038 and a flat is worth £92,597. Values have been changing and have risen £487 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £1,711 in last 6 months, £10,725 in last 1 year, £16,690 in last 2 years, £20,159 in last 3 years, £18,237 in last 4 years and £17,944 in last 5 years.

Currently average asking price of a property in Richmond Road, Gillingham, ME7 is around £219,595 based on approximately 6 properties for sale. Same is the case with rental options based on 78 properties up for rent, average asking rent is around £730 per month.

Estimated property value in Richmond Road, Gillingham, ME7 is £130,820. Average asking price is £219,595 while average price paid is £112,833 which is up by £10,725 and Avg. asking rent £730.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 Richmond Road, Gillingham, ME7 area. In last 1 year alone average price buyer paid is around £112,833 based on approximately 6 sales in Richmond Road, Gillingham, ME7 area alone. If you compare it to last 3 years sales of 13 properties where buyers paid around £107,038. 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 £102,857 for 21 and average amount paid for purchase of approx. 32 properties sold in last 7 years comes to about £105,083 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, £140,599 for a 2 bedroom house, £193,422 for a 3 bedroom house, £311,579 for a 4 bedroom house and £351,249 for a 5 bedroom house. For a flat similarly the prices varies from £105,000 for a single bedroom to £126,962 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £384,999 and £447,200 for a 4 bedroom flat. To sum up the asking prices for properties in Richmond Road, Gillingham, ME7 it comes to around average £105,333 for 1 bedroom property, £132,528 for 2 bedroom, £205,781 for 3 bedroom, £330,415 for 4 bedroom and £351,249 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 £349 for 1 bedroom to £696 for 2 bedrooms, £786 for 3 bedrooms, £1,099 for 4 bedrooms and £1,011 for 5 bedrooms house. But if you are interested in renting a 1 bedroom flat then rent per month can be around £518. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £681 and £611 for 3 bedroom. You should be generally be expecting around average £487 rent per month for single bedroom property, £688 for 2 bedroom, £778 for 3 bedroom, £1,099 for 4 bedroom and approximately £1,011 for a 5 bedroom property in Richmond Road, Gillingham, ME7 area.

Popular Houses in Richmond Road, Gillingham, ME7

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 Richmond Road, Gillingham, ME7