Average Price for property in Richmond Terrace, Southsea, PO5 is around £450,295 e.g. average price for terraced house is around 450,295. Values have been changing and have risen £2,989 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £9,578 in last 6 months, £33,052 in last 1 year, £54,341 in last 2 years, £53,915 in last 3 years, £54,596 in last 4 years and £52,828 in last 5 years.
Currently average asking price of a property in Richmond Terrace, Southsea, PO5 is around £233,711 based on approximately 2 properties for sale. Same is the case with rental options based on 446 properties up for rent, average asking rent is around £1,196 per month.
Estimated property value in Richmond Terrace, Southsea, PO5 is £450,295. Average asking price is £233,711 while average price paid is £420,000 which is up by £33,052 and Avg. asking rent £1,196.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 Terrace, Southsea, PO5 area. In last 1 year alone average price buyer paid is around £420,000 based on approximately 2 sales in Richmond Terrace, Southsea, PO5 area alone. If you compare it to last 3 years sales of 4 properties where buyers paid around £384,998. 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 £384,998 for 4 and average amount paid for purchase of approx. 5 properties sold in last 7 years comes to about £378,499 per sale.