Wareham

Area Guide For Wareham

Wareham is an historic market town and, under the name Wareham Town, a civil parish, in the English county of Dorset. The town is situated on the River Frome eight miles (13 km) southwest of Poole. The town is built on a strategic dry point between the River Frome and the River Piddle at the head of the Wareham Channel of Poole Harbour. The Frome Valley runs through an area of unresistant sand, clay and gravel rocks, and much of its valley has wide flood plains and marsh land. At its estuary the river has formed the wide shallow ria of Poole Harbour. Wareham is built on a low dry island between the marshy river plains. The town is situated on the A351 Lytchett Minster-Swanage road and at the eastern terminus of the A352 road to Dorchester and Sherborne, both roads now bypassing the town centre. The town has a station on the South Western Main Line railway, and was formerly the junction station for services along the branch line to Swanage, now preserved as the Swanage Railway. The steam railway has ambitions to extend its service, currently from Swanage to Norden, near Corfe Castle back to Worgret Junction (where the mainline and branch divided) and into Wareham again. To the north

 
 

Wareham Map

Estimated Price: £331,321
Average Asking Price: £451,048
Price change in last one year: £20,105
Average Price Paid: £282,766
Average Rent Rates: £828

 
 

Property Prices Breakdown in Wareham

Average Price for property in Wareham is around £331,321 which varies based on type of property you are interested in and ranges from £432,802 for detached house to around £272,451 for semi-detached. Similarly terraced house is around £251,859 and a flat is worth £164,489. Values have been changing and have risen £128 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £826 in last 6 months, £20,105 in last 1 year, £35,601 in last 2 years, £37,466 in last 3 years, £26,387 in last 4 years and £46,219 in last 5 years.

Currently average asking price of a property in Wareham is around £451,048 based on approximately 226 properties for sale. Same is the case with rental options based on 23 properties up for rent, average asking rent is around £828 per month.

Estimated property value in Wareham is £331,321. Average asking price is £451,048 while average price paid is £299,890 which is up by £20,105 and Avg. asking rent £828.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 Wareham area. In last 1 year alone average price buyer paid is around £299,890 based on approximately 226 sales in Wareham area alone. If you compare it to last 3 years sales of 705 properties where buyers paid around £283,770. 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 £282,766 for 1,113 and average amount paid for purchase of approx. 1,500 properties sold in last 7 years comes to about £274,657 per sale.

 
 

Properties For Sale in Wareham

 
 

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 £226,862, £327,170 for a 3 bedroom house, £528,742 for a 4 bedroom house and £853,409 for a 5 bedroom house. For a flat similarly the prices varies from £170,000 for a single bedroom to £161,254 for a 2 bedroom Flat. To sum up the asking prices for properties in Wareham it comes to around average £170,000 for 1 bedroom property, £197,452 for 2 bedroom, £327,170 for 3 bedroom, £528,742 for 4 bedroom and £853,409 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 £594 for 1 bedroom to £750 for 2 bedrooms, £948 for 3 bedrooms, £1,324 for 4 bedrooms and £1,844 for 5 bedrooms house. But if you are interested in renting a 1 bedroom flat then rent per month can be around £563. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £685. You should be generally be expecting around average £574 rent per month for single bedroom property, £706 for 2 bedroom, £948 for 3 bedroom, £1,324 for 4 bedroom and approximately £1,844 for a 5 bedroom property in Wareham area.

Popular Houses in Wareham

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.

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