Average Price for property in Melbourne Road, Nottingham, NG8 is around £109,426 which varies based on type of property you are interested in and ranges from £118,687 for semi-detached to around £99,073 for terraced house. Values have been changing and have risen £320 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £1,061 in last 6 months, £8,100 in last 1 year, £11,981 in last 2 years, £12,912 in last 3 years, £12,277 in last 4 years and £11,648 in last 5 years.
Currently average asking price of a property in Melbourne Road, Nottingham, NG8 is around £223,131 based on approximately 5 properties for sale. Same is the case with rental options based on 150 properties up for rent, average asking rent is around £2,516 per month.
Estimated property value in Melbourne Road, Nottingham, NG8 is £109,426. Average asking price is £223,131 while average price paid is £95,900 which is up by £8,100 and Avg. asking rent £2,516.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 Melbourne Road, Nottingham, NG8 area. In last 1 year alone average price buyer paid is around £95,900 based on approximately 5 sales in Melbourne Road, Nottingham, NG8 area alone. If you compare it to last 3 years sales of 13 properties where buyers paid around £84,550. 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 £90,495 for 20 and average amount paid for purchase of approx. 25 properties sold in last 7 years comes to about £91,376 per sale.