Somerset Terrace, Southampton, SO15

Street Guide For Somerset Terrace, Southampton, SO15

 
 

Somerset Terrace, Southampton, SO15 Map

Estimated Price: £170,385
Average Asking Price: £194,666
Price change in last one year: £12,375
Average Price Paid: £141,550
Average Rent Rates: £1,053

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GATEWAY HOUSE, 39-45 BERNARD STREET, SOUTHAMPTON,

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Property Prices Breakdown in Somerset Terrace, Southampton, SO15

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.

 
 
 
 

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 £111,665, £175,450 for a 2 bedroom house, £222,028 for a 3 bedroom house, £348,857 for a 4 bedroom house and £399,975 for a 5 bedroom house. For a flat similarly the prices varies from £113,148 for a single bedroom to £172,432 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £311,665. To sum up the asking prices for properties in Somerset Terrace, Southampton, SO15 it comes to around average £113,071 for 1 bedroom property, £172,927 for 2 bedroom, £228,004 for 3 bedroom, £348,857 for 4 bedroom and £399,975 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 £384 for 1 bedroom to £810 for 2 bedrooms, £1,006 for 3 bedrooms, £1,309 for 4 bedrooms and £1,607 for 5 bedrooms house. But if you are interested in renting a 1 bedroom flat then rent per month can be around £580. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £771, £988 for 3 bedroom, £1,499 for 4 bedroom and around £997 for 5 bedroom flat. You should be generally be expecting around average £559 rent per month for single bedroom property, £774 for 2 bedroom, £999 for 3 bedroom, £1,351 for 4 bedroom and approximately £1,594 for a 5 bedroom property in Somerset Terrace, Southampton, SO15 area.

Popular Houses in Somerset Terrace, Southampton, SO15

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 Terrace, Southampton, SO15