South Drive, Madeley, Telford, TF7

Street Guide For South Drive, Madeley, Telford, TF7

 

South Drive, Madeley, Telford, TF7 Map

Estimated Price: £107,584
Average Asking Price: £148,501
Price change in last one year: £3,308
Average Price Paid: £111,062
Average Rent Rates: £1,072

 

Property Prices Breakdown in South Drive, Madeley, Telford, TF7

Average Price for property in South Drive, Madeley, Telford, TF7 is around £107,584 which varies based on type of property you are interested in and ranges from £108,891 for semi-detached to around £97,788 for terraced house. Values have been changing and have risen £539 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £1,033 in last 6 months, £3,308 in last 1 year, £7,513 in last 2 years, £11,109 in last 3 years, £10,842 in last 4 years and £10,214 in last 5 years.

Currently average asking price of a property in South Drive, Madeley, Telford, TF7 is around £148,501 based on approximately 3 properties for sale. Same is the case with rental options based on 84 properties up for rent, average asking rent is around £1,072 per month.

Estimated property value in South Drive, Madeley, Telford, TF7 is £107,584. Average asking price is £148,501 while average price paid is £119,166 which is up by £3,308 and Avg. asking rent £1,072.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 South Drive, Madeley, Telford, TF7 area. In last 1 year alone average price buyer paid is around £119,166 based on approximately 3 sales in South Drive, Madeley, Telford, TF7 area alone. If you compare it to last 3 years sales of 7 properties where buyers paid around £110,214. 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 £111,062 for 8 and average amount paid for purchase of approx. 12 properties sold in last 7 years comes to about £106,287 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 2 bedroom is around £115,602, £107,863 for a 3 bedroom house, £215,545 for a 4 bedroom house and £169,995 for a 5 bedroom house. For a flat similarly the prices varies from £60,899 for a single bedroom to £74,958 for a 2 bedroom Flat. To sum up the asking prices for properties in South Drive, Madeley, Telford, TF7 it comes to around average £60,899 for 1 bedroom property, £105,441 for 2 bedroom, £107,863 for 3 bedroom, £215,545 for 4 bedroom and £169,995 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 £369 for 1 bedroom to £528 for 2 bedroom, £569 for 3 bedroom and £610 for 4 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £412. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £499. You should be generally be expecting around average £391 rent per month for single bedroom property, £518 for 2 bedroom, £569 for 3 bedroom and approximately £610 for 4 bedroom property in South Drive, Madeley, Telford, TF7 area.

Popular Houses in South Drive, Madeley, Telford, TF7

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 South Drive, Madeley, Telford, TF7