Westgate, Louth, LN11

Street Guide For Westgate, Louth, LN11

 

Westgate, Louth, LN11 Map

Estimated Price: £262,971
Average Asking Price: £239,064
Price change in last one year: £14,977
Average Price Paid: £193,708
Average Rent Rates: £600

 

Property Prices Breakdown in Westgate, Louth, LN11

Average Price for property in Westgate, Louth, LN11 is around £262,971 which varies based on type of property you are interested in and ranges from £536,095 for detached house to around £275,557 for semi-detached. Similarly terraced house is around £213,826 and a flat is worth £141,462. Values have been changing and have risen £1,874 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £5,700 in last 6 months, £14,977 in last 1 year, £35,192 in last 2 years, £27,648 in last 3 years, £26,233 in last 4 years and £26,712 in last 5 years.

Currently average asking price of a property in Westgate, Louth, LN11 is around £239,064 based on approximately 3 properties for sale. Same is the case with rental options based on 15 properties up for rent, average asking rent is around £600 per month.

Estimated property value in Westgate, Louth, LN11 is £262,971. Average asking price is £239,064 while average price paid is £267,166 which is up by £14,977 and Avg. asking rent £600.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 Westgate, Louth, LN11 area. In last 1 year alone average price buyer paid is around £267,166 based on approximately 3 sales in Westgate, Louth, LN11 area alone. If you compare it to last 3 years sales of 9 properties where buyers paid around £197,611. 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 £193,708 for 12 and average amount paid for purchase of approx. 16 properties sold in last 7 years comes to about £187,156 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 £127,400, £219,283 for a 3 bedroom house, £292,794 for a 4 bedroom house and £357,927 for a 5 bedroom house. For a flat similarly the prices varies from £61,633 for a single bedroom to £82,148 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £64,950. To sum up the asking prices for properties in Westgate, Louth, LN11 it comes to around average £61,633 for 1 bedroom property, £124,789 for 2 bedroom, £217,279 for 3 bedroom, £292,794 for 4 bedroom and £357,927 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 £494 for 2 bedroom to £845 for 3 bedroom and £776 for 4 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £345. You should be generally be expecting around average £345 rent per month for single bedroom property, £494 for 2 bedroom, £845 for 3 bedroom and approximately £776 for 4 bedroom property in Westgate, Louth, LN11 area.

Popular Houses in Westgate, Louth, LN11

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 Westgate, Louth, LN11