Westmorland Drive, Felpham, Bognor Regis, PO22

Street Guide For Westmorland Drive, Felpham, Bognor Regis, PO22

 

Westmorland Drive, Felpham, Bognor Regis, PO22 Map

Estimated Price: £248,161
Average Asking Price: £300,178
Price change in last one year: £20,135
Average Price Paid: £200,257
Average Rent Rates: £987

 

Property Prices Breakdown in Westmorland Drive, Felpham, Bognor Regis, PO22

Average Price for property in Westmorland Drive, Felpham, Bognor Regis, PO22 is around £248,161 which varies based on type of property you are interested in and ranges from £267,223 for detached house to around £250,417 for semi-detached. Similarly terraced house is around £231,072 and a flat is worth £179,749. Values have been changing and have risen £2,676 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £8,726 in last 6 months, £20,135 in last 1 year, £30,528 in last 2 years, £30,682 in last 3 years, £29,169 in last 4 years and £28,960 in last 5 years.

Currently average asking price of a property in Westmorland Drive, Felpham, Bognor Regis, PO22 is around £300,178 based on approximately 4 properties for sale. Same is the case with rental options based on 56 properties up for rent, average asking rent is around £987 per month.

Estimated property value in Westmorland Drive, Felpham, Bognor Regis, PO22 is £248,161. Average asking price is £300,178 while average price paid is £197,850 which is up by £20,135 and Avg. asking rent £987.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 Westmorland Drive, Felpham, Bognor Regis, PO22 area. In last 1 year alone average price buyer paid is around £197,850 based on approximately 4 sales in Westmorland Drive, Felpham, Bognor Regis, PO22 area alone. If you compare it to last 3 years sales of 8 properties where buyers paid around £209,356. 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 £200,257 for 13 and average amount paid for purchase of approx. 17 properties sold in last 7 years comes to about £198,050 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 £103,829, £213,498 for a 2 bedroom house, £298,464 for a 3 bedroom house, £424,376 for a 4 bedroom house and £492,635 for a 5 bedroom house. For a flat similarly the prices varies from £115,418 for a single bedroom to £175,882 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £215,000. To sum up the asking prices for properties in Westmorland Drive, Felpham, Bognor Regis, PO22 it comes to around average £112,413 for 1 bedroom property, £199,484 for 2 bedroom, £297,321 for 3 bedroom, £424,376 for 4 bedroom and £492,635 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 £576 for 1 bedroom to £778 for 2 bedrooms, £1,053 for 3 bedrooms, £1,352 for 4 bedrooms and £1,899 for 5 bedrooms house. But if you are interested in renting a 1 bedroom flat then rent per month can be around £619. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £733 and £771 for 3 bedroom. You should be generally be expecting around average £613 rent per month for single bedroom property, £749 for 2 bedroom, £1,016 for 3 bedroom, £1,352 for 4 bedroom and approximately £1,899 for a 5 bedroom property in Westmorland Drive, Felpham, Bognor Regis, PO22 area.

Popular Houses in Westmorland Drive, Felpham, Bognor Regis, PO22

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 Westmorland Drive, Felpham, Bognor Regis, PO22