Somerset Place, Gloucester, GL1

Street Guide For Somerset Place, Gloucester, GL1

 
 

Somerset Place, Gloucester, GL1 Map

Estimated Price: £125,852
Average Asking Price: £149,396
Price change in last one year: £13,034
Average Price Paid: £94,333
Average Rent Rates: £1,081

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Property Prices Breakdown in Somerset Place, Gloucester, GL1

Average Price for property in Somerset Place, Gloucester, GL1 is around £125,852 which varies based on type of property you are interested in and ranges from £157,164 for semi-detached to around £110,196 for terraced house. Values have been changing and have risen £1,110 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £3,020 in last 6 months, £13,034 in last 1 year, £16,145 in last 2 years, £16,364 in last 3 years, £15,831 in last 4 years and £14,369 in last 5 years.

Currently average asking price of a property in Somerset Place, Gloucester, GL1 is around £149,396 based on approximately 1 properties for sale. Same is the case with rental options based on 203 properties up for rent, average asking rent is around £1,081 per month.

Estimated property value in Somerset Place, Gloucester, GL1 is £125,852. Average asking price is £149,396 while average price paid is £146,000 which is up by £13,034 and Avg. asking rent £1,081.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 Place, Gloucester, GL1 area. In last 1 year alone average price buyer paid is around £146,000 based on approximately 1 sales in Somerset Place, Gloucester, GL1 area alone. If you compare it to last 3 years sales of 2 properties where buyers paid around £110,500. 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 £94,333 for 3 and average amount paid for purchase of approx. 3 properties sold in last 7 years comes to about £94,333 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 £122,386, £110,060 for a 2 bedroom house, £156,842 for a 3 bedroom house, £298,673 for a 4 bedroom house and £284,998 for a 5 bedroom house. For a flat similarly the prices varies from £84,579 for a single bedroom to £118,441 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £141,862 and £199,950 for a 4 bedroom flat. To sum up the asking prices for properties in Somerset Place, Gloucester, GL1 it comes to around average £90,332 for 1 bedroom property, £114,215 for 2 bedroom, £155,415 for 3 bedroom, £293,188 for 4 bedroom and £284,998 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 £421 for 1 bedroom to £562 for 2 bedrooms, £696 for 3 bedrooms, £764 for 4 bedrooms and £1,751 for 5 bedrooms house. But if you are interested in renting a 1 bedroom flat then rent per month can be around £427. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £553 and £650 for 3 bedroom. You should be generally be expecting around average £425 rent per month for single bedroom property, £555 for 2 bedroom, £693 for 3 bedroom, £764 for 4 bedroom and approximately £1,751 for a 5 bedroom property in Somerset Place, Gloucester, GL1 area.

Popular Houses in Somerset Place, Gloucester, GL1

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 Somerset Place, Gloucester, GL1