Values have been changing and have risen £7,085 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £23,743 in last 6 months, £94,264 in last 1 year, £195,853 in last 2 years, £241,167 in last 3 years, £228,757 in last 4 years and £269,521 in last 5 years.
Currently average asking price of a property in Bankside is around £2,284,123 based on approximately 48 properties for sale. Same is the case with rental options based on 85 properties up for rent, average asking rent is around £3,671 per month.
Estimated property value in Bankside is £1,023,248. Average asking price is £2,284,123 while average price paid is £1,351,302 which is up by £94,264 and Avg. asking rent £3,671.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 Bankside area. In last 1 year alone average price buyer paid is around £1,351,302 based on approximately 48 sales in Bankside area alone. If you compare it to last 3 years sales of 173 properties where buyers paid around £1,176,713. 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 £1,048,496 for 272 and average amount paid for purchase of approx. 317 properties sold in last 7 years comes to about £985,761 per sale.