Sparrow Drive, Orpington, BR5

Street Guide For Sparrow Drive, Orpington, BR5

 

Sparrow Drive, Orpington, BR5 Map

Estimated Price: £360,709
Average Asking Price: £381,897
Price change in last one year: £31,689
Average Price Paid: £269,113
Average Rent Rates: £1,504

 

Property Prices Breakdown in Sparrow Drive, Orpington, BR5

Average Price for property in Sparrow Drive, Orpington, BR5 is around £360,709 which varies based on type of property you are interested in and ranges from £219,810 for detached house to around £369,097 for semi-detached. Similarly terraced house is around £394,588 and a flat is worth £270,749. Values have been changing and have risen £2,462 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £6,953 in last 6 months, £31,689 in last 1 year, £58,186 in last 2 years, £62,685 in last 3 years, £62,383 in last 4 years and £68,707 in last 5 years.

Currently average asking price of a property in Sparrow Drive, Orpington, BR5 is around £381,897 based on approximately 2 properties for sale. Same is the case with rental options based on 40 properties up for rent, average asking rent is around £1,504 per month.

Estimated property value in Sparrow Drive, Orpington, BR5 is £360,709. Average asking price is £381,897 while average price paid is £310,000 which is up by £31,689 and Avg. asking rent £1,504.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 Sparrow Drive, Orpington, BR5 area. In last 1 year alone average price buyer paid is around £310,000 based on approximately 2 sales in Sparrow Drive, Orpington, BR5 area alone. If you compare it to last 3 years sales of 12 properties where buyers paid around £267,850. 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 £269,113 for 15 and average amount paid for purchase of approx. 20 properties sold in last 7 years comes to about £258,335 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 £180,000, £271,818 for a 2 bedroom house, £370,747 for a 3 bedroom house, £568,326 for a 4 bedroom house and £782,494 for a 5 bedroom house. For a flat similarly the prices varies from £165,150 for a single bedroom to £209,061 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £189,995. To sum up the asking prices for properties in Sparrow Drive, Orpington, BR5 it comes to around average £166,500 for 1 bedroom property, £245,394 for 2 bedroom, £367,400 for 3 bedroom, £568,326 for 4 bedroom and £782,494 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 £1,400 for 2 bedroom to £1,331 for 3 bedroom, £1,576 for 4 bedroom and £2,401 for 5 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £808. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £954. You should be generally be expecting around average £808 rent per month for single bedroom property, £1,023 for 2 bedroom, £1,331 for 3 bedroom, £1,576 for 4 bedroom and approximately £2,401 for a 5 bedroom property in Sparrow Drive, Orpington, BR5 area.

Popular Houses in Sparrow Drive, Orpington, BR5

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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