Average Price for property in SM1 is around £340,012 which varies based on type of property you are interested in and ranges from £552,776 for detached house to around £428,136 for semi-detached. Similarly terraced house is around £344,695 and a flat is worth £242,430. Values have been changing and have risen £5,774 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £17,413 in last 6 months, £42,913 in last 1 year, £64,325 in last 2 years, £73,434 in last 3 years, £81,335 in last 4 years and £73,152 in last 5 years.
Currently average asking price of a property in SM1 is around £310,230 based on approximately 605 properties for sale. Same is the case with rental options based on 110 properties up for rent, average asking rent is around £1,228 per month.
Estimated property value in SM1 is £340,012. Average asking price is £310,230 while average price paid is £278,285 which is up by £42,913 and Avg. asking rent £1,228.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 SM1 area. In last 1 year alone average price buyer paid is around £278,285 based on approximately 605 sales in SM1 area alone. If you compare it to last 3 years sales of 1,714 properties where buyers paid around £258,805. 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 £247,891 for 2,709 and average amount paid for purchase of approx. 3,672 properties sold in last 7 years comes to about £242,431 per sale.