Severn Bank, Ironbridge, Telford, TF8

Street Guide For Severn Bank, Ironbridge, Telford, TF8

 

Severn Bank, Ironbridge, Telford, TF8 Map

Estimated Price: £284,153
Average Asking Price: £248,077
Price change in last one year: £10,421
Average Price Paid: £265,250
Average Rent Rates: £710

 

Property Prices Breakdown in Severn Bank, Ironbridge, Telford, TF8

Average Price for property in Severn Bank, Ironbridge, Telford, TF8 is around £284,153 which varies based on type of property you are interested in and ranges from £291,614 for detached house to around £149,799 for semi-detached. Similarly terraced house is around £378,615 and a flat is worth £253,524. Values have been changing and have risen £975 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £2,259 in last 6 months, £10,421 in last 1 year, £20,454 in last 2 years, £27,155 in last 3 years, £28,112 in last 4 years and £26,080 in last 5 years.

Currently average asking price of a property in Severn Bank, Ironbridge, Telford, TF8 is around £248,077 based on approximately 2 properties for sale. Same is the case with rental options based on 12 properties up for rent, average asking rent is around £710 per month.

Estimated property value in Severn Bank, Ironbridge, Telford, TF8 is £284,153. Average asking price is £248,077 while average price paid is £371,000 which is up by £10,421 and Avg. asking rent £710.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 Severn Bank, Ironbridge, Telford, TF8 area. In last 1 year alone average price buyer paid is around £371,000 based on approximately 2 sales in Severn Bank, Ironbridge, Telford, TF8 area alone. If you compare it to last 3 years sales of 5 properties where buyers paid around £255,300. 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 £265,250 for 6 and average amount paid for purchase of approx. 7 properties sold in last 7 years comes to about £259,500 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 £123,000, £176,069 for a 2 bedroom house, £212,341 for a 3 bedroom house, £341,654 for a 4 bedroom house and £416,633 for a 5 bedroom house. For a flat similarly the prices varies from £108,317 for a single bedroom to £146,978 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £169,950. To sum up the asking prices for properties in Severn Bank, Ironbridge, Telford, TF8 it comes to around average £111,988 for 1 bedroom property, £169,142 for 2 bedroom, £209,986 for 3 bedroom, £341,654 for 4 bedroom and £416,633 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 £622 for 2 bedroom to £881 for 3 bedroom and £1,300 for 4 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £509. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £567. You should be generally be expecting around average £509 rent per month for single bedroom property, £585 for 2 bedroom, £881 for 3 bedroom and approximately £1,300 for 4 bedroom property in Severn Bank, Ironbridge, Telford, TF8 area.

Popular Houses in Severn Bank, Ironbridge, Telford, TF8

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 Severn Bank, Ironbridge, Telford, TF8