South View, Kirk Merrington, Spennymoor, DL16

Street Guide For South View, Kirk Merrington, Spennymoor, DL16

 

South View, Kirk Merrington, Spennymoor, DL16 Map

Estimated Price: £137,513
Average Asking Price: £159,395
Price change in last one year: £2,019
Average Price Paid: £139,500
Average Rent Rates: £1,265

 

Property Prices Breakdown in South View, Kirk Merrington, Spennymoor, DL16

Average Price for property in South View, Kirk Merrington, Spennymoor, DL16 is around £137,513 which varies based on type of property you are interested in and ranges from £236,531 for detached house to around £101,278 for semi-detached. Similarly terraced house is around £105,429. Values have been changing and have risen £1,073 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £2,898 in last 6 months, £2,019 in last 1 year, £6,585 in last 2 years, £5,273 in last 3 years, £2,741 in last 4 years and £2,078 in last 5 years.

Currently average asking price of a property in South View, Kirk Merrington, Spennymoor, DL16 is around £159,395 based on approximately 2 properties for sale. Same is the case with rental options based on 43 properties up for rent, average asking rent is around £1,265 per month.

Estimated property value in South View, Kirk Merrington, Spennymoor, DL16 is £137,513. Average asking price is £159,395 while average price paid is £93,500 which is up by £2,019 and Avg. asking rent £1,265.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 View, Kirk Merrington, Spennymoor, DL16 area. In last 1 year alone average price buyer paid is around £93,500 based on approximately 2 sales in South View, Kirk Merrington, Spennymoor, DL16 area alone. If you compare it to last 3 years sales of 3 properties where buyers paid around £87,666. 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 £139,500 for 4 and average amount paid for purchase of approx. 7 properties sold in last 7 years comes to about £120,636 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 £86,164, £131,860 for a 3 bedroom house, £208,239 for a 4 bedroom house and £340,112 for a 5 bedroom house. For a flat the prices of 2 bedroom is £97,950. To sum up the asking prices for properties in South View, Kirk Merrington, Spennymoor, DL16 it comes to around average £86,726 for 2 bedroom property, £131,860 for 3 bedroom, £208,239 for 4 bedroom and £340,112 for 5 bedroom.

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 £511 for 1 bedroom to £378 for 2 bedroom, £478 for 3 bedroom and £650 for 4 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £381. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £444 and £498 for 5 bedroom. You should be generally be expecting around average £468 rent per month for single bedroom property, £385 for 2 bedroom, £478 for 3 bedroom, £650 for 4 bedroom and approximately £498 for a 5 bedroom property in South View, Kirk Merrington, Spennymoor, DL16 area.

Popular Houses in South View, Kirk Merrington, Spennymoor, DL16

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 View, Kirk Merrington, Spennymoor, DL16