Whinney Lane, New Ollerton, Newark, NG22

Street Guide For Whinney Lane, New Ollerton, Newark, NG22

 

Whinney Lane, New Ollerton, Newark, NG22 Map

Estimated Price: £104,510
Average Asking Price: £257,681
Price change in last one year: £6,609
Average Price Paid: £89,738
Average Rent Rates: £1,425

 

Property Prices Breakdown in Whinney Lane, New Ollerton, Newark, NG22

Average Price for property in Whinney Lane, New Ollerton, Newark, NG22 is around £104,510 which varies based on type of property you are interested in and ranges from £148,447 for detached house to around £101,452 for semi-detached. Similarly terraced house is around £89,965 and a flat is worth £81,141. Values have been changing and have risen £673 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £1,906 in last 6 months, £6,609 in last 1 year, £10,857 in last 2 years, £10,362 in last 3 years, £8,506 in last 4 years and £9,984 in last 5 years.

Currently average asking price of a property in Whinney Lane, New Ollerton, Newark, NG22 is around £257,681 based on approximately 7 properties for sale. Same is the case with rental options based on 38 properties up for rent, average asking rent is around £1,425 per month.

Estimated property value in Whinney Lane, New Ollerton, Newark, NG22 is £104,510. Average asking price is £257,681 while average price paid is £101,200 which is up by £6,609 and Avg. asking rent £1,425.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 Whinney Lane, New Ollerton, Newark, NG22 area. In last 1 year alone average price buyer paid is around £101,200 based on approximately 7 sales in Whinney Lane, New Ollerton, Newark, NG22 area alone. If you compare it to last 3 years sales of 20 properties where buyers paid around £89,070. 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 £89,738 for 30 and average amount paid for purchase of approx. 39 properties sold in last 7 years comes to about £94,991 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 £125,000, £107,078 for a 2 bedroom house, £168,732 for a 3 bedroom house, £317,053 for a 4 bedroom house and £517,940 for a 5 bedroom house. For a flat the prices of 2 bedroom is £89,995. To sum up the asking prices for properties in Whinney Lane, New Ollerton, Newark, NG22 it comes to around average £125,000 for 1 bedroom property, £104,801 for 2 bedroom, £168,732 for 3 bedroom, £317,053 for 4 bedroom and £517,940 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 £499 for 2 bedroom to £527 for 3 bedroom and £1,038 for 4 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £394. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £466. You should be generally be expecting around average £394 rent per month for single bedroom property, £488 for 2 bedroom, £527 for 3 bedroom and approximately £1,038 for 4 bedroom property in Whinney Lane, New Ollerton, Newark, NG22 area.

Popular Houses in Whinney Lane, New Ollerton, Newark, NG22

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 Whinney Lane, New Ollerton, Newark, NG22