Spring Terrace, Furnace Lane, Trench, Telford, TF2

Street Guide For Spring Terrace, Furnace Lane, Trench, Telford, TF2

 

Spring Terrace, Furnace Lane, Trench, Telford, TF2 Map

Estimated Price: £98,735
Average Asking Price: £171,231
Price change in last one year: £4,212
Average Price Paid: £95,000
Average Rent Rates: £1,553

 

Property Prices Breakdown in Spring Terrace, Furnace Lane, Trench, Telford, TF2

Average Price for property in Spring Terrace, Furnace Lane, Trench, Telford, TF2 is around £98,735 e.g. average price for semi-detached is around 98,735. Values have been changing and have risen £399 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £970 in last 6 months, £4,212 in last 1 year, £7,568 in last 2 years, £9,844 in last 3 years, £9,285 in last 4 years and £9,378 in last 5 years.

Currently average asking price of a property in Spring Terrace, Furnace Lane, Trench, Telford, TF2 is around £171,231 based on approximately 1 properties for sale. Same is the case with rental options based on 87 properties up for rent, average asking rent is around £1,553 per month.

Estimated property value in Spring Terrace, Furnace Lane, Trench, Telford, TF2 is £98,735. Average asking price is £171,231 while average price paid is £95,000 which is up by £4,212 and Avg. asking rent £1,553.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 Terrace, Furnace Lane, Trench, Telford, TF2 area. In last 1 year alone average price buyer paid is around £95,000 based on approximately 1 sales in Spring Terrace, Furnace Lane, Trench, Telford, TF2 area alone. If you compare it to last 3 years sales of 1 properties where buyers paid around £95,000. 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 £95,000 for 1 and average amount paid for purchase of approx. 1 properties sold in last 7 years comes to about £95,000 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 1 bedroom is around £84,788, £124,017 for a 2 bedroom house, £154,323 for a 3 bedroom house, £230,320 for a 4 bedroom house and £322,638 for a 5 bedroom house. For a flat similarly the prices varies from £79,965 for a single bedroom to £95,404 for a 2 bedroom Flat. To sum up the asking prices for properties in Spring Terrace, Furnace Lane, Trench, Telford, TF2 it comes to around average £82,979 for 1 bedroom property, £119,615 for 2 bedroom, £154,323 for 3 bedroom, £230,320 for 4 bedroom and £322,638 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 £408 for 1 bedroom to £549 for 2 bedrooms, £622 for 3 bedrooms, £915 for 4 bedrooms and £1,424 for 5 bedrooms house. But if you are interested in renting a 1 bedroom flat then rent per month can be around £444. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £489. You should be generally be expecting around average £418 rent per month for single bedroom property, £530 for 2 bedroom, £622 for 3 bedroom, £915 for 4 bedroom and approximately £1,424 for a 5 bedroom property in Spring Terrace, Furnace Lane, Trench, Telford, TF2 area.

Popular Houses in Spring Terrace, Furnace Lane, Trench, Telford, TF2

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 Terrace, Furnace Lane, Trench, Telford, TF2