Scotland Lane, Houghton-on-the-Hill, Leicester, LE7

Street Guide For Scotland Lane, Houghton-on-the-Hill, Leicester, LE7

 

Scotland Lane, Houghton-on-the-Hill, Leicester, LE7 Map

Estimated Price: £289,387
Average Asking Price: £315,105
Price change in last one year: £18,236
Average Price Paid: £245,200
Average Rent Rates: £718

 

Property Prices Breakdown in Scotland Lane, Houghton-on-the-Hill, Leicester, LE7

Average Price for property in Scotland Lane, Houghton-on-the-Hill, Leicester, LE7 is around £289,387 which varies based on type of property you are interested in and ranges from £311,950 for detached house to around £276,303 for semi-detached. Similarly terraced house is around £233,644. Values have been changing and have risen £1,458 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £5,936 in last 6 months, £18,236 in last 1 year, £28,692 in last 2 years, £34,945 in last 3 years, £30,895 in last 4 years and £27,751 in last 5 years.

Currently average asking price of a property in Scotland Lane, Houghton-on-the-Hill, Leicester, LE7 is around £315,105 based on approximately 2 properties for sale. Same is the case with rental options based on 36 properties up for rent, average asking rent is around £718 per month.

Estimated property value in Scotland Lane, Houghton-on-the-Hill, Leicester, LE7 is £289,387. Average asking price is £315,105 while average price paid is £263,000 which is up by £18,236 and Avg. asking rent £718.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 Scotland Lane, Houghton-on-the-Hill, Leicester, LE7 area. In last 1 year alone average price buyer paid is around £263,000 based on approximately 2 sales in Scotland Lane, Houghton-on-the-Hill, Leicester, LE7 area alone. If you compare it to last 3 years sales of 4 properties where buyers paid around £244,000. 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 £245,200 for 5 and average amount paid for purchase of approx. 6 properties sold in last 7 years comes to about £235,500 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 £116,980, £181,029 for a 2 bedroom house, £227,468 for a 3 bedroom house, £365,007 for a 4 bedroom house and £504,183 for a 5 bedroom house. For a flat similarly the prices varies from £55,000 for a single bedroom to £124,381 for a 2 bedroom Flat. Same is the case with 4 bedroom flat £259,950. To sum up the asking prices for properties in Scotland Lane, Houghton-on-the-Hill, Leicester, LE7 it comes to around average £106,650 for 1 bedroom property, £164,844 for 2 bedroom, £227,468 for 3 bedroom, £363,726 for 4 bedroom and £504,183 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 £417 for 1 bedroom to £599 for 2 bedroom, £930 for 3 bedroom and £999 for 4 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £537. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £699. You should be generally be expecting around average £465 rent per month for single bedroom property, £630 for 2 bedroom, £930 for 3 bedroom and approximately £999 for 4 bedroom property in Scotland Lane, Houghton-on-the-Hill, Leicester, LE7 area.

Popular Houses in Scotland Lane, Houghton-on-the-Hill, Leicester, LE7

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 Scotland Lane, Houghton-on-the-Hill, Leicester, LE7