Spout Lane, Washington, NE37

Street Guide For Spout Lane, Washington, NE37

 

Spout Lane, Washington, NE37 Map

Estimated Price: £109,882
Average Asking Price: £101,987
Price change in last one year: £5,739
Average Price Paid: £68,625
Average Rent Rates: £651

 

Property Prices Breakdown in Spout Lane, Washington, NE37

Average Price for property in Spout Lane, Washington, NE37 is around £109,882 which varies based on type of property you are interested in and ranges from £203,033 for detached house to around £139,163 for semi-detached. Similarly terraced house is around £117,125 and a flat is worth £68,736. Values have been changing and have risen £466 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £1,021 in last 6 months, £5,739 in last 1 year, £8,889 in last 2 years, £12,038 in last 3 years, £7,350 in last 4 years and £5,366 in last 5 years.

Currently average asking price of a property in Spout Lane, Washington, NE37 is around £101,987 based on approximately 0 properties for sale. Same is the case with rental options based on 48 properties up for rent, average asking rent is around £651 per month.

Estimated property value in Spout Lane, Washington, NE37 is £109,882. Average asking price is £101,987 while average price paid is £62,687 which is up by £12,038 and Avg. asking rent £651.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 Spout Lane, Washington, NE37 area. In last 3 years alone average price buyer paid is around £62,687 based on approximately 4 sales in Spout Lane, Washington, NE37 area alone. If you compare it to last 5 years sales of 6 properties where buyers paid around £68,625. It has been same for some time now for e.g. if you take an average of amount paid in last 7 years, it comes to around £74,638 for 9 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 £99,694, £117,520 for a 3 bedroom house and £182,312 for a 4 bedroom house. For a flat similarly the prices varies from £31,607 for a single bedroom to £45,708 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £31,975 and £45,000 for a 4 bedroom flat. To sum up the asking prices for properties in Spout Lane, Washington, NE37 it comes to around average £31,607 for 1 bedroom property, £63,061 for 2 bedroom, £113,133 for 3 bedroom and £173,730 for 4 bedroom.

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 £516 for 2 bedroom to £561 for 3 bedroom and £650 for 4 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £314. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £407 and £422 for 3 bedroom. You should be generally be expecting around average £314 rent per month for single bedroom property, £450 for 2 bedroom, £526 for 3 bedroom and approximately £650 for 4 bedroom property in Spout Lane, Washington, NE37 area.

Popular Houses in Spout Lane, Washington, NE37

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 Spout Lane, Washington, NE37