Wavering Lane West, Gillingham, SP8

Street Guide For Wavering Lane West, Gillingham, SP8

 

Wavering Lane West, Gillingham, SP8 Map

Estimated Price: £326,623
Average Asking Price: £272,076
Price change in last one year: £21,148
Average Price Paid: £226,118
Average Rent Rates: £599

 

Property Prices Breakdown in Wavering Lane West, Gillingham, SP8

Average Price for property in Wavering Lane West, Gillingham, SP8 is around £326,623 which varies based on type of property you are interested in and ranges from £341,627 for detached house to around £271,614 for semi-detached. Values have been changing and have risen £3,020 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £8,071 in last 6 months, £21,148 in last 1 year, £37,467 in last 2 years, £39,307 in last 3 years, £25,465 in last 4 years and £32,382 in last 5 years.

Currently average asking price of a property in Wavering Lane West, Gillingham, SP8 is around £272,076 based on approximately 2 properties for sale. Same is the case with rental options based on 32 properties up for rent, average asking rent is around £599 per month.

Estimated property value in Wavering Lane West, Gillingham, SP8 is £326,623. Average asking price is £272,076 while average price paid is £228,750 which is up by £21,148 and Avg. asking rent £599.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 Wavering Lane West, Gillingham, SP8 area. In last 1 year alone average price buyer paid is around £228,750 based on approximately 2 sales in Wavering Lane West, Gillingham, SP8 area alone. If you compare it to last 3 years sales of 4 properties where buyers paid around £212,750. 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 £226,118 for 8 and average amount paid for purchase of approx. 11 properties sold in last 7 years comes to about £257,859 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 £159,163, £175,914 for a 2 bedroom house, £251,724 for a 3 bedroom house, £370,077 for a 4 bedroom house and £360,408 for a 5 bedroom house. For a flat similarly the prices varies from £121,648 for a single bedroom to £137,379 for a 2 bedroom Flat. To sum up the asking prices for properties in Wavering Lane West, Gillingham, SP8 it comes to around average £134,959 for 1 bedroom property, £159,055 for 2 bedroom, £251,724 for 3 bedroom, £370,077 for 4 bedroom and £360,408 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 £572 for 1 bedroom to £564 for 2 bedroom, £737 for 3 bedroom and £826 for 4 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £484. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £556. You should be generally be expecting around average £509 rent per month for single bedroom property, £561 for 2 bedroom, £737 for 3 bedroom and approximately £826 for 4 bedroom property in Wavering Lane West, Gillingham, SP8 area.

Popular Houses in Wavering Lane West, Gillingham, SP8

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 Wavering Lane West, Gillingham, SP8