Values have been changing and have risen £401 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £1,593 in last 6 months, £4,065 in last 1 year, £4,970 in last 2 years, £6,554 in last 3 years, £4,182 in last 4 years and £3,847 in last 5 years.
Currently average asking price of a property in Russell Terrace, Padiham, Burnley, BB12 is around £144,952 based on approximately 5 properties for sale. Same is the case with rental options based on 71 properties up for rent, average asking rent is around £558 per month.
Estimated property value in Russell Terrace, Padiham, Burnley, BB12 is £57,949. Average asking price is £144,952 while average price paid is £36,800 which is up by £4,065 and Avg. asking rent £558.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 Russell Terrace, Padiham, Burnley, BB12 area. In last 1 year alone average price buyer paid is around £36,800 based on approximately 5 sales in Russell Terrace, Padiham, Burnley, BB12 area alone. If you compare it to last 3 years sales of 11 properties where buyers paid around £38,386. 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 £39,946 for 14 and average amount paid for purchase of approx. 21 properties sold in last 7 years comes to about £47,392 per sale.