Average Price for property in M2 is around £333,120 which varies based on type of property you are interested in and ranges from £664,175 for detached house to around £1,457,574 for terraced house. Similarly flat is around £221,817. Values have been changing and have risen £579 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £2,201 in last 6 months, £23,473 in last 1 year, £34,911 in last 2 years, £35,495 in last 3 years, £35,181 in last 4 years and £32,400 in last 5 years.
Currently average asking price of a property in M2 is around £693,850 based on approximately 2 properties for sale. Same is the case with rental options based on 29 properties up for rent, average asking rent is around £3,992 per month.
Estimated property value in M2 is £333,120. Average asking price is £693,850 while average price paid is £153,725 which is up by £23,473 and Avg. asking rent £3,992.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 M2 area. In last 1 year alone average price buyer paid is around £153,725 based on approximately 2 sales in M2 area alone. If you compare it to last 3 years sales of 5 properties where buyers paid around £149,190. 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 £164,741 for 6 and average amount paid for purchase of approx. 11 properties sold in last 7 years comes to about £152,359 per sale.