Average Price for property in Somerset Avenue, Luton, LU2 is around £207,954 which varies based on type of property you are interested in and ranges from £280,372 for detached house to around £212,560 for semi-detached. Similarly terraced house is around £181,065. Values have been changing and have risen £1,471 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £3,891 in last 6 months, £18,488 in last 1 year, £27,938 in last 2 years, £32,277 in last 3 years, £29,450 in last 4 years and £29,643 in last 5 years.
Currently average asking price of a property in Somerset Avenue, Luton, LU2 is around £232,758 based on approximately 4 properties for sale. Same is the case with rental options based on 79 properties up for rent, average asking rent is around £1,848 per month.
Estimated property value in Somerset Avenue, Luton, LU2 is £207,954. Average asking price is £232,758 while average price paid is £175,750 which is up by £18,488 and Avg. asking rent £1,848.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 Somerset Avenue, Luton, LU2 area. In last 1 year alone average price buyer paid is around £175,750 based on approximately 4 sales in Somerset Avenue, Luton, LU2 area alone. If you compare it to last 3 years sales of 14 properties where buyers paid around £168,857. 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 £164,225 for 22 and average amount paid for purchase of approx. 31 properties sold in last 7 years comes to about £164,030 per sale.