Southwold

Area Guide For Southwold

Southwold is a residential community on the North Sea coast, in the Waveney locale of the English district of Suffolk. It is found on the North Sea coast at the mouth of the River Blyth inside the Suffolk Coast and Heaths Area of Outstanding Natural Beauty.
The town is around 11 miles south of Lowestoft, 29 miles north-east of Ipswich and 97 miles north-east of London. It is inside the parliamentary voting demographic of Suffolk Coastal. The slender gage Southwold Railway associated the town to Halesworth and ran from 24 September 1879 to 11 April 1929.

 
 

Southwold Map

Estimated Price: £393,646
Average Asking Price: £480,246
Price change in last one year: £33,078
Average Price Paid: £352,534
Average Rent Rates: £997

 
 

Property Prices Breakdown in Southwold

Average Price for property in Southwold is around £393,646 which varies based on type of property you are interested in and ranges from £437,222 for detached house to around £343,257 for semi-detached. Similarly terraced house is around £378,476 and a flat is worth £336,479. Values have been changing and have risen £2,544 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £3,923 in last 6 months, £33,078 in last 1 year, £44,118 in last 2 years, £52,258 in last 3 years, £54,438 in last 4 years and £54,364 in last 5 years.

Currently average asking price of a property in Southwold is around £480,246 based on approximately 104 properties for sale. Same is the case with rental options based on 6 properties up for rent, average asking rent is around £997 per month.

Estimated property value in Southwold is £393,646. Average asking price is £480,246 while average price paid is £355,729 which is up by £33,078 and Avg. asking rent £997.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 Southwold area. In last 1 year alone average price buyer paid is around £355,729 based on approximately 104 sales in Southwold area alone. If you compare it to last 3 years sales of 333 properties where buyers paid around £360,319. 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 £352,534 for 555 and average amount paid for purchase of approx. 756 properties sold in last 7 years comes to about £342,048 per sale.

 
 

Properties For Sale in Southwold

 
 

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 £300,700, £407,681 for a 3 bedroom house, £790,239 for a 4 bedroom house and £699,988 for a 5 bedroom house. For a flat similarly the prices varies from £224,667 for a single bedroom to £345,000 for a 2 bedroom Flat. To sum up the asking prices for properties in Southwold it comes to around average £224,667 for 1 bedroom property, £306,238 for 2 bedroom, £407,681 for 3 bedroom, £790,239 for 4 bedroom and £699,988 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 £676 for 2 bedroom to £594 for 3 bedroom and £2,002 for 5 bedroom. But if you are interested in renting a 2 bedroom flat then rent per month can be around £793. You should be generally be expecting around average £734 rent per month for 2 bedroom property, £594 for 3 bedroom and approximately £2,002 for 5 bedroom property in Southwold area.

Popular Houses in Southwold

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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