Wood Road, Manchester, M16

Street Guide For Wood Road, Manchester, M16

 

Wood Road, Manchester, M16 Map

Estimated Price: £335,890
Average Asking Price: £296,801
Price change in last one year: £19,918
Average Price Paid: £286,000
Average Rent Rates: £716

 

Property Prices Breakdown in Wood Road, Manchester, M16

Average Price for property in Wood Road, Manchester, M16 is around £335,890 which varies based on type of property you are interested in and ranges from £449,887 for detached house to around £340,695 for semi-detached. Similarly terraced house is around £303,892 and a flat is worth £43,800. Values have been changing and have risen £97 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £617 in last 6 months, £19,918 in last 1 year, £33,259 in last 2 years, £37,917 in last 3 years, £40,874 in last 4 years and £35,001 in last 5 years.

Currently average asking price of a property in Wood Road, Manchester, M16 is around £296,801 based on approximately 2 properties for sale. Same is the case with rental options based on 96 properties up for rent, average asking rent is around £716 per month.

Estimated property value in Wood Road, Manchester, M16 is £335,890. Average asking price is £296,801 while average price paid is £290,000 which is up by £19,918 and Avg. asking rent £716.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 Wood Road, Manchester, M16 area. In last 1 year alone average price buyer paid is around £290,000 based on approximately 2 sales in Wood Road, Manchester, M16 area alone. If you compare it to last 3 years sales of 5 properties where buyers paid around £313,000. 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 £286,000 for 10 and average amount paid for purchase of approx. 15 properties sold in last 7 years comes to about £294,333 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 £99,950, £192,065 for a 3 bedroom house, £271,993 for a 4 bedroom house and £325,700 for a 5 bedroom house. For a flat similarly the prices varies from £94,823 for a single bedroom to £127,890 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £132,500. To sum up the asking prices for properties in Wood Road, Manchester, M16 it comes to around average £95,144 for 1 bedroom property, £127,890 for 2 bedroom, £188,661 for 3 bedroom, £271,993 for 4 bedroom and £325,700 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 £340 for 1 bedroom to £788 for 3 bedroom, £785 for 4 bedroom and £1,025 for 5 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £477. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £617 and £601 for 3 bedroom. You should be generally be expecting around average £449 rent per month for single bedroom property, £617 for 2 bedroom, £760 for 3 bedroom, £785 for 4 bedroom and approximately £1,025 for a 5 bedroom property in Wood Road, Manchester, M16 area.

Popular Houses in Wood Road, Manchester, M16

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 Wood Road, Manchester, M16