Southminster

Area Guide For Southminster

Southminster is a town on the Dengie landmass in the Maldon region of Essex in the East of England. It lies around three miles north of Burnham-on-Crouch and ten miles south-east of Maldon. To the north is the River Blackwater, which is tidal and since Roman times has been the portal to exchanging the zone.

Southminster is in the inside of the Dengie promontory, which once framed a hundred of the same name. A real stallion business used to be held yearly in the town. Southminster swamps were a most loved habitat for rabbit coursing in Victorian times.

 
 

Southminster Map

Estimated Price: £277,463
Average Asking Price: £355,343
Price change in last one year: £16,310
Average Price Paid: £225,923
Average Rent Rates: £1,001

 
 

Property Prices Breakdown in Southminster

Average Price for property in Southminster is around £277,463 which varies based on type of property you are interested in and ranges from £359,225 for detached house to around £221,189 for semi-detached. Similarly terraced house is around £200,878 and a flat is worth £140,306. Values have been changing and have risen £780 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £1,007 in last 6 months, £16,310 in last 1 year, £20,457 in last 2 years, £32,173 in last 3 years, £23,950 in last 4 years and £24,948 in last 5 years.

Currently average asking price of a property in Southminster is around £355,343 based on approximately 136 properties for sale. Same is the case with rental options based on 1 properties up for rent, average asking rent is around £1,001 per month.

Estimated property value in Southminster is £277,463. Average asking price is £355,343 while average price paid is £231,626 which is up by £16,310 and Avg. asking rent £1,001.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 Southminster area. In last 1 year alone average price buyer paid is around £231,626 based on approximately 136 sales in Southminster area alone. If you compare it to last 3 years sales of 335 properties where buyers paid around £223,505. 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 £225,923 for 507 and average amount paid for purchase of approx. 689 properties sold in last 7 years comes to about £221,723 per sale.

 
 

Properties For Sale in Southminster

 
 

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 £62,498, £179,599 for a 2 bedroom house, £232,851 for a 3 bedroom house, £414,542 for a 4 bedroom house and £567,222 for a 5 bedroom house. For a flat the prices of single bedroom is £90,250. To sum up the asking prices for properties in Southminster it comes to around average £76,374 for 1 bedroom property, £179,599 for 2 bedroom, £232,851 for 3 bedroom, £414,542 for 4 bedroom and £567,222 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 is £1,001 for 4 bedroom. You should be generally be expecting around average £1,001 rent per month for 4 bedroom property in Southminster area.

Popular Houses in Southminster

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.

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