Southbourne Grove, Chatham, ME5

Street Guide For Southbourne Grove, Chatham, ME5

 

Southbourne Grove, Chatham, ME5 Map

Estimated Price: £278,470
Average Asking Price: £256,784
Price change in last one year: £24,081
Average Price Paid: £295,000
Average Rent Rates: £861

 

Property Prices Breakdown in Southbourne Grove, Chatham, ME5

Average Price for property in Southbourne Grove, Chatham, ME5 is around £278,470 which varies based on type of property you are interested in and ranges from £303,032 for detached house to around £262,095 for semi-detached. Values have been changing and have risen £1,653 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £5,839 in last 6 months, £24,081 in last 1 year, £36,233 in last 2 years, £44,708 in last 3 years, £40,950 in last 4 years and £40,346 in last 5 years.

Currently average asking price of a property in Southbourne Grove, Chatham, ME5 is around £256,784 based on approximately 1 properties for sale. Same is the case with rental options based on 32 properties up for rent, average asking rent is around £861 per month.

Estimated property value in Southbourne Grove, Chatham, ME5 is £278,470. Average asking price is £256,784 while average price paid is £295,000 which is up by £24,081 and Avg. asking rent £861.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 Southbourne Grove, Chatham, ME5 area. In last 1 year alone average price buyer paid is around £295,000 based on approximately 1 sales in Southbourne Grove, Chatham, ME5 area alone. If you compare it to last 3 years sales of 1 properties where buyers paid around £295,000. 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 £295,000 for 1 and average amount paid for purchase of approx. 1 properties sold in last 7 years comes to about £295,000 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 £127,142, £163,374 for a 2 bedroom house, £226,843 for a 3 bedroom house, £359,822 for a 4 bedroom house and £514,000 for a 5 bedroom house. For a flat similarly the prices varies from £100,243 for a single bedroom to £148,571 for a 2 bedroom Flat. To sum up the asking prices for properties in Southbourne Grove, Chatham, ME5 it comes to around average £112,796 for 1 bedroom property, £159,536 for 2 bedroom, £226,843 for 3 bedroom, £359,822 for 4 bedroom and £514,000 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 £475 for 1 bedroom to £721 for 2 bedroom, £1,091 for 3 bedroom and £1,326 for 4 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £511. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £681. You should be generally be expecting around average £490 rent per month for single bedroom property, £709 for 2 bedroom, £1,091 for 3 bedroom and approximately £1,326 for 4 bedroom property in Southbourne Grove, Chatham, ME5 area.

Popular Houses in Southbourne Grove, Chatham, ME5

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 Southbourne Grove, Chatham, ME5