Values have been changing and have risen £3,484 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £10,560 in last 6 months, £32,231 in last 1 year, £44,732 in last 2 years, £51,042 in last 3 years, £50,092 in last 4 years and £53,258 in last 5 years.
Currently average asking price of a property in Somerset Avenue, Welling, DA16 is around £318,367 based on approximately 2 properties for sale. Same is the case with rental options based on 24 properties up for rent, average asking rent is around £1,023 per month.
Estimated property value in Somerset Avenue, Welling, DA16 is £281,446. Average asking price is £318,367 while average price paid is £245,000 which is up by £32,231 and Avg. asking rent £1,023.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, Welling, DA16 area. In last 1 year alone average price buyer paid is around £245,000 based on approximately 2 sales in Somerset Avenue, Welling, DA16 area alone. If you compare it to last 3 years sales of 7 properties where buyers paid around £228,142. 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 £220,321 for 14 and average amount paid for purchase of approx. 18 properties sold in last 7 years comes to about £223,805 per sale.