Values have been changing and have risen £527 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £2,395 in last 6 months, £7,043 in last 1 year, £12,277 in last 2 years, £13,048 in last 3 years, £11,428 in last 4 years and £10,898 in last 5 years.
Currently average asking price of a property in Vernon Road, Leicester, LE2 is around £232,679 based on approximately 6 properties for sale. Same is the case with rental options based on 710 properties up for rent, average asking rent is around £823 per month.
Estimated property value in Vernon Road, Leicester, LE2 is £114,491. Average asking price is £232,679 while average price paid is £102,166 which is up by £7,043 and Avg. asking rent £823.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 Vernon Road, Leicester, LE2 area. In last 1 year alone average price buyer paid is around £102,166 based on approximately 6 sales in Vernon Road, Leicester, LE2 area alone. If you compare it to last 3 years sales of 12 properties where buyers paid around £94,625. 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 £98,692 for 27 and average amount paid for purchase of approx. 30 properties sold in last 7 years comes to about £99,773 per sale.