Verlands Close, Niton, Ventnor, PO38

Street Guide For Verlands Close, Niton, Ventnor, PO38

 
 

Verlands Close, Niton, Ventnor, PO38 Map

Estimated Price: £228,376
Average Asking Price: £307,911
Price change in last one year: £16,022
Average Price Paid: £172,666
Average Rent Rates: £698

Red Squirrel Property Shop Ltd
11b Holyrood House, St Thomas Square, Newport, PO3
Red Squirrel Property Shop Ltd
11b Holyrood House, St Thomas Square, Newport, PO3

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Property Prices Breakdown in Verlands Close, Niton, Ventnor, PO38

Average Price for property in Verlands Close, Niton, Ventnor, PO38 is around £228,376 which varies based on type of property you are interested in and ranges from £226,365 for detached house to around £229,149 for semi-detached. Values have been changing and have risen £1,837 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £5,899 in last 6 months, £16,022 in last 1 year, £26,607 in last 2 years, £25,385 in last 3 years, £24,797 in last 4 years and £24,874 in last 5 years.

Currently average asking price of a property in Verlands Close, Niton, Ventnor, PO38 is around £307,911 based on approximately 0 properties for sale. Same is the case with rental options based on 38 properties up for rent, average asking rent is around £698 per month.

Estimated property value in Verlands Close, Niton, Ventnor, PO38 is £228,376. Average asking price is £307,911 while average price paid is £159,000 which is up by £25,385 and Avg. asking rent £698.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 Verlands Close, Niton, Ventnor, PO38 area. In last 3 years alone average price buyer paid is around £159,000 based on approximately 2 sales in Verlands Close, Niton, Ventnor, PO38 area alone. If you compare it to last 5 years sales of 3 properties where buyers paid around £172,666. It has been same for some time now for e.g. if you take an average of amount paid in last 7 years, it comes to around £181,100 for 5 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 £117,475, £191,236 for a 2 bedroom house, £254,344 for a 3 bedroom house, £401,316 for a 4 bedroom house and £683,111 for a 5 bedroom house. For a flat similarly the prices varies from £103,891 for a single bedroom to £142,760 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £166,648, £115,000 for a 4 bedroom flat and £190,000 for a 5 bedroom flat. To sum up the asking prices for properties in Verlands Close, Niton, Ventnor, PO38 it comes to around average £105,981 for 1 bedroom property, £168,562 for 2 bedroom, £246,933 for 3 bedroom, £393,136 for 4 bedroom and £633,800 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 £624 for 1 bedroom to £668 for 2 bedrooms, £793 for 3 bedrooms, £1,078 for 4 bedrooms and £1,452 for 5 bedrooms house. But if you are interested in renting a 1 bedroom flat then rent per month can be around £481. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £544 and £680 for 3 bedroom. You should be generally be expecting around average £505 rent per month for single bedroom property, £613 for 2 bedroom, £755 for 3 bedroom, £1,078 for 4 bedroom and approximately £1,452 for a 5 bedroom property in Verlands Close, Niton, Ventnor, PO38 area.

Popular Houses in Verlands Close, Niton, Ventnor, PO38

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 Verlands Close, Niton, Ventnor, PO38