Cherry Wood, Penwortham, Preston, PR1

Street Guide For Cherry Wood, Penwortham, Preston, PR1

 

Cherry Wood, Penwortham, Preston, PR1 Map

Estimated Price: £199,494
Average Asking Price: £149,166
Price change in last one year: £10,387
Average Price Paid: £180,250
Average Rent Rates: £839

 

Property Prices Breakdown in Cherry Wood, Penwortham, Preston, PR1

Average Price for property in Cherry Wood, Penwortham, Preston, PR1 is around £199,494 which varies based on type of property you are interested in and ranges from £200,889 for detached house to around £190,077 for semi-detached. Values have been changing and have risen £1,039 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £4,856 in last 6 months, £10,387 in last 1 year, £17,085 in last 2 years, £17,200 in last 3 years, £14,728 in last 4 years and £8,240 in last 5 years.

Currently average asking price of a property in Cherry Wood, Penwortham, Preston, PR1 is around £149,166 based on approximately 4 properties for sale. Same is the case with rental options based on 350 properties up for rent, average asking rent is around £839 per month.

Estimated property value in Cherry Wood, Penwortham, Preston, PR1 is £199,494. Average asking price is £149,166 while average price paid is £176,250 which is up by £10,387 and Avg. asking rent £839.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 Cherry Wood, Penwortham, Preston, PR1 area. In last 1 year alone average price buyer paid is around £176,250 based on approximately 4 sales in Cherry Wood, Penwortham, Preston, PR1 area alone. If you compare it to last 3 years sales of 7 properties where buyers paid around £176,000. 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 £180,250 for 8 and average amount paid for purchase of approx. 13 properties sold in last 7 years comes to about £183,769 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 £108,240, £89,667 for a 2 bedroom house, £127,021 for a 3 bedroom house, £244,772 for a 4 bedroom house and £394,953 for a 5 bedroom house. For a flat similarly the prices varies from £71,252 for a single bedroom to £96,877 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £136,000, £180,000 for a 4 bedroom flat and £230,000 for a 5 bedroom flat. To sum up the asking prices for properties in Cherry Wood, Penwortham, Preston, PR1 it comes to around average £81,424 for 1 bedroom property, £92,085 for 2 bedroom, £127,064 for 3 bedroom, £244,028 for 4 bedroom and £385,250 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 £311 for 1 bedroom to £449 for 2 bedrooms, £606 for 3 bedrooms, £1,118 for 4 bedrooms and £1,369 for 5 bedrooms house. But if you are interested in renting a 1 bedroom flat then rent per month can be around £438. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £518, £1,029 for 3 bedroom, £293 for 4 bedroom and around £1,524 for 5 bedroom flat. You should be generally be expecting around average £413 rent per month for single bedroom property, £484 for 2 bedroom, £647 for 3 bedroom, £1,067 for 4 bedroom and approximately £1,390 for a 5 bedroom property in Cherry Wood, Penwortham, Preston, PR1 area.

Popular Houses in Cherry Wood, Penwortham, Preston, PR1

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 Cherry Wood, Penwortham, Preston, PR1