Values have been changing and have risen £1,463 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £3,518 in last 6 months, £12,375 in last 1 year, £20,889 in last 2 years, £21,978 in last 3 years, £16,816 in last 4 years and £20,298 in last 5 years.
Currently average asking price of a property in Somerset Terrace, Southampton, SO15 is around £194,666 based on approximately 1 properties for sale. Same is the case with rental options based on 841 properties up for rent, average asking rent is around £1,053 per month.
Estimated property value in Somerset Terrace, Southampton, SO15 is £170,385. Average asking price is £194,666 while average price paid is £146,750 which is up by £12,375 and Avg. asking rent £1,053.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 Terrace, Southampton, SO15 area. In last 1 year alone average price buyer paid is around £146,750 based on approximately 1 sales in Somerset Terrace, Southampton, SO15 area alone. If you compare it to last 3 years sales of 2 properties where buyers paid around £140,875. 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 £141,550 for 5 and average amount paid for purchase of approx. 10 properties sold in last 7 years comes to about £139,675 per sale.