Spinners Lane, Southwold, IP18

Street Guide For Spinners Lane, Southwold, IP18

 

Spinners Lane, Southwold, IP18 Map

Estimated Price: £526,749
Average Asking Price: £480,246
Price change in last one year: £41,626
Average Price Paid: £495,000
Average Rent Rates: £997

 

Property Prices Breakdown in Spinners Lane, Southwold, IP18

Average Price for property in Spinners Lane, Southwold, IP18 is around £526,749 which varies based on type of property you are interested in and ranges from £514,269 for detached house to around £530,909 for semi-detached. Values have been changing and have risen £3,252 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £4,103 in last 6 months, £41,626 in last 1 year, £58,726 in last 2 years, £68,143 in last 3 years, £77,943 in last 4 years and £72,518 in last 5 years.

Currently average asking price of a property in Spinners Lane, Southwold, IP18 is around £480,246 based on approximately 1 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 Spinners Lane, Southwold, IP18 is £526,749. Average asking price is £480,246 while average price paid is £495,000 which is up by £41,626 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 Spinners Lane, Southwold, IP18 area. In last 1 year alone average price buyer paid is around £495,000 based on approximately 1 sales in Spinners Lane, Southwold, IP18 area alone. If you compare it to last 3 years sales of 1 properties where buyers paid around £495,000. 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 £495,000 for 1 and average amount paid for purchase of approx. 1 properties sold in last 7 years comes to about £495,000 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 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 Spinners Lane, Southwold, IP18 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 Spinners Lane, Southwold, IP18 area.

Popular Houses in Spinners Lane, Southwold, IP18

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 Spinners Lane, Southwold, IP18