Spring Lane, Fair Oak, Eastleigh, SO50

Street Guide For Spring Lane, Fair Oak, Eastleigh, SO50

 

Spring Lane, Fair Oak, Eastleigh, SO50 Map

Estimated Price: £292,322
Average Asking Price: £313,254
Price change in last one year: £20,351
Average Price Paid: £229,947
Average Rent Rates: £5,458

 

Property Prices Breakdown in Spring Lane, Fair Oak, Eastleigh, SO50

Average Price for property in Spring Lane, Fair Oak, Eastleigh, SO50 is around £292,322 Values have been changing and have risen £695 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £3,477 in last 6 months, £20,351 in last 1 year, £31,585 in last 2 years, £30,990 in last 3 years, £33,637 in last 4 years and £38,745 in last 5 years.

Currently average asking price of a property in Spring Lane, Fair Oak, Eastleigh, SO50 is around £313,254 based on approximately 151 properties for sale. Same is the case with rental options based on 13 properties up for rent, average asking rent is around £5,458 per month.

Estimated property value in Spring Lane, Fair Oak, Eastleigh, SO50 is £292,322. Average asking price is £313,254 while average price paid is £256,364 which is up by £20,351 and Avg. asking rent £5,458.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 Lane, Fair Oak, Eastleigh, SO50 area. In last 1 year alone average price buyer paid is around £256,364 based on approximately 151 sales in Spring Lane, Fair Oak, Eastleigh, SO50 area alone. If you compare it to last 3 years sales of 388 properties where buyers paid around £237,712. 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 £229,947 for 636 and average amount paid for purchase of approx. 883 properties sold in last 7 years comes to about £228,411 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 £79,950, £369,279 for a 3 bedroom house, £358,993 for a 4 bedroom house and £650,000 for a 5 bedroom house. For a flat similarly the prices varies from £108,500 for a single bedroom to £163,333 for a 2 bedroom Flat. To sum up the asking prices for properties in Spring Lane, Fair Oak, Eastleigh, SO50 it comes to around average £98,983 for 1 bedroom property, £163,333 for 2 bedroom, £369,279 for 3 bedroom, £358,993 for 4 bedroom and £650,000 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 £477 for 1 bedroom to £1,499 for 3 bedroom and £1,599 for 4 bedroom. But if you are interested in renting a 3 bedroom flat then rent per month can be around £849. You should be generally be expecting around average £476 rent per month for single bedroom property, £1,283 for 3 bedroom and approximately £1,599 for 4 bedroom property in Spring Lane, Fair Oak, Eastleigh, SO50 area.

Popular Houses in Spring Lane, Fair Oak, Eastleigh, SO50

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 Spring Lane, Fair Oak, Eastleigh, SO50