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.