Riviera Drive, Southend-on-Sea, SS1

Street Guide For Riviera Drive, Southend-on-Sea, SS1

 

Riviera Drive, Southend-on-Sea, SS1 Map

Estimated Price: £156,005
Average Asking Price: £420,298
Price change in last one year: £14,994
Average Price Paid: £126,706
Average Rent Rates: £1,462

 

Property Prices Breakdown in Riviera Drive, Southend-on-Sea, SS1

Average Price for property in Riviera Drive, Southend-on-Sea, SS1 is around £156,005 which varies based on type of property you are interested in and ranges from £245,001 for detached house to around £242,675 for semi-detached. Similarly terraced house is around £179,807 and a flat is worth £102,149. Values have been changing and have risen £2,220 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £5,644 in last 6 months, £14,994 in last 1 year, £22,094 in last 2 years, £21,967 in last 3 years, £22,133 in last 4 years and £25,651 in last 5 years.

Currently average asking price of a property in Riviera Drive, Southend-on-Sea, SS1 is around £420,298 based on approximately 5 properties for sale. Same is the case with rental options based on 78 properties up for rent, average asking rent is around £1,462 per month.

Estimated property value in Riviera Drive, Southend-on-Sea, SS1 is £156,005. Average asking price is £420,298 while average price paid is £163,600 which is up by £14,994 and Avg. asking rent £1,462.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 Riviera Drive, Southend-on-Sea, SS1 area. In last 1 year alone average price buyer paid is around £163,600 based on approximately 5 sales in Riviera Drive, Southend-on-Sea, SS1 area alone. If you compare it to last 3 years sales of 18 properties where buyers paid around £127,832. 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 £126,706 for 29 and average amount paid for purchase of approx. 37 properties sold in last 7 years comes to about £135,894 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 £319,164, £305,250 for a 3 bedroom house, £529,237 for a 4 bedroom house and £621,916 for a 5 bedroom house. For a flat similarly the prices varies from £92,928 for a single bedroom to £203,663 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £176,665 and £242,500 for a 5 bedroom flat. To sum up the asking prices for properties in Riviera Drive, Southend-on-Sea, SS1 it comes to around average £92,928 for 1 bedroom property, £217,251 for 2 bedroom, £284,947 for 3 bedroom, £529,237 for 4 bedroom and £592,730 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 £387 for 1 bedroom to £923 for 2 bedrooms, £1,035 for 3 bedrooms, £2,050 for 4 bedrooms and £1,352 for 5 bedrooms house. But if you are interested in renting a 1 bedroom flat then rent per month can be around £562. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £989 and £1,155 for 3 bedroom. You should be generally be expecting around average £497 rent per month for single bedroom property, £985 for 2 bedroom, £1,111 for 3 bedroom, £2,050 for 4 bedroom and approximately £1,352 for a 5 bedroom property in Riviera Drive, Southend-on-Sea, SS1 area.

Popular Houses in Riviera Drive, Southend-on-Sea, SS1

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 Riviera Drive, Southend-on-Sea, SS1