Wellwood Avenue, Lanark, ML11

Street Guide For Wellwood Avenue, Lanark, ML11

 

Wellwood Avenue, Lanark, ML11 Map

Estimated Price: £71,117
Average Asking Price: £161,669
Price change in last one year: £2,218
Average Price Paid: £88,321
Average Rent Rates: £535

 

Property Prices Breakdown in Wellwood Avenue, Lanark, ML11

Average Price for property in Wellwood Avenue, Lanark, ML11 is around £71,117 e.g. average price for terraced house is around 72,041. Values have been changing and have risen £797 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £2,679 in last 6 months, £2,218 in last 1 year, £6,892 in last 2 years, £5,475 in last 3 years, £2,676 in last 4 years and £4,345 in last 5 years.

Currently average asking price of a property in Wellwood Avenue, Lanark, ML11 is around £161,669 based on approximately 2 properties for sale. Same is the case with rental options based on 48 properties up for rent, average asking rent is around £535 per month.

Estimated property value in Wellwood Avenue, Lanark, ML11 is £71,117. Average asking price is £161,669 while average price paid is £81,054 which is up by £2,218 and Avg. asking rent £535.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 Wellwood Avenue, Lanark, ML11 area. In last 1 year alone average price buyer paid is around £81,054 based on approximately 2 sales in Wellwood Avenue, Lanark, ML11 area alone. If you compare it to last 3 years sales of 5 properties where buyers paid around £88,321. 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 £88,321 for 5 and average amount paid for purchase of approx. 5 properties sold in last 7 years comes to about £88,321 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 £150,491, £81,236 for a 2 bedroom house, £142,030 for a 3 bedroom house, £224,052 for a 4 bedroom house and £323,086 for a 5 bedroom house. For a flat similarly the prices varies from £63,047 for a single bedroom to £80,895 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £91,060. To sum up the asking prices for properties in Wellwood Avenue, Lanark, ML11 it comes to around average £83,226 for 1 bedroom property, £81,097 for 2 bedroom, £138,032 for 3 bedroom, £224,052 for 4 bedroom and £323,086 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 £497 for 2 bedroom to £587 for 3 bedroom, £831 for 4 bedroom and £1,151 for 5 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £357. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £398, £442 for 3 bedroom and £477 for 4 bedroom. You should be generally be expecting around average £357 rent per month for single bedroom property, £432 for 2 bedroom, £543 for 3 bedroom, £780 for 4 bedroom and approximately £1,150 for a 5 bedroom property in Wellwood Avenue, Lanark, ML11 area.

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 Wellwood Avenue, Lanark, ML11