The Drive, Bexley, DA5

Street Guide For The Drive, Bexley, DA5

 
 

The Drive, Bexley, DA5 Map

Estimated Price: £474,183
Average Asking Price: £428,057
Price change in last one year: £48,858
Average Price Paid: £390,911
Average Rent Rates: £1,155

Ram Estate Agent
713 Cranbrook Road, Gants Hill, Ilford, Essex, IG2

Free House valuation

 

Property Prices Breakdown in The Drive, Bexley, DA5

Average Price for property in The Drive, Bexley, DA5 is around £474,183 which varies based on type of property you are interested in and ranges from £514,770 for detached house to around £471,620 for semi-detached. Similarly terraced house is around £437,032 and a flat is worth £443,187. Values have been changing and have risen £6,457 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £20,336 in last 6 months, £48,858 in last 1 year, £67,190 in last 2 years, £80,577 in last 3 years, £78,357 in last 4 years and £81,366 in last 5 years.

Currently average asking price of a property in The Drive, Bexley, DA5 is around £428,057 based on approximately 5 properties for sale. Same is the case with rental options based on 16 properties up for rent, average asking rent is around £1,155 per month.

Estimated property value in The Drive, Bexley, DA5 is £474,183. Average asking price is £428,057 while average price paid is £452,500 which is up by £48,858 and Avg. asking rent £1,155.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 The Drive, Bexley, DA5 area. In last 1 year alone average price buyer paid is around £452,500 based on approximately 5 sales in The Drive, Bexley, DA5 area alone. If you compare it to last 3 years sales of 15 properties where buyers paid around £406,791. 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 £390,911 for 24 and average amount paid for purchase of approx. 30 properties sold in last 7 years comes to about £383,112 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 £341,658, £357,307 for a 3 bedroom house, £524,999 for a 4 bedroom house and £648,987 for a 5 bedroom house. For a flat similarly the prices varies from £275,707 for a 2 bedroom to £390,000 for a 3 bedroom Flat. To sum up the asking prices for properties in The Drive, Bexley, DA5 it comes to around average £306,146 for 2 bedroom property, £364,999 for 3 bedroom, £524,999 for 4 bedroom and £648,987 for 5 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 £550 for 1 bedroom to £1,099 for 2 bedroom, £1,370 for 3 bedroom and £1,625 for 4 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £802. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £1,017. You should be generally be expecting around average £676 rent per month for single bedroom property, £1,050 for 2 bedroom, £1,370 for 3 bedroom and approximately £1,625 for 4 bedroom property in The Drive, Bexley, DA5 area.

Popular Houses in The Drive, Bexley, DA5

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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