Values have been changing and have risen £217 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £534 in last 6 months, £3,049 in last 1 year, £5,100 in last 2 years, £8,387 in last 3 years, £8,510 in last 4 years and £4,918 in last 5 years.
Currently average asking price of a property in Spring Bank West, Hull, HU5 is around £119,867 based on approximately 4 properties for sale. Same is the case with rental options based on 238 properties up for rent, average asking rent is around £529 per month.
Estimated property value in Spring Bank West, Hull, HU5 is £107,999. Average asking price is £119,867 while average price paid is £83,425 which is up by £3,049 and Avg. asking rent £529.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 Spring Bank West, Hull, HU5 area. In last 1 year alone average price buyer paid is around £83,425 based on approximately 4 sales in Spring Bank West, Hull, HU5 area alone. If you compare it to last 3 years sales of 9 properties where buyers paid around £88,516. 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 £88,702 for 18 and average amount paid for purchase of approx. 22 properties sold in last 7 years comes to about £90,709 per sale.