New Cross, Somerton, TA11

Street Guide For New Cross, Somerton, TA11

 

New Cross, Somerton, TA11 Map

Estimated Price: £159,584
Average Asking Price: £428,348
Price change in last one year: £10,379
Average Price Paid: £108,750
Average Rent Rates: £858

 

Property Prices Breakdown in New Cross, Somerton, TA11

Average Price for property in New Cross, Somerton, TA11 is around £159,584 which varies based on type of property you are interested in and ranges from £235,549 for detached house to around £177,738 for semi-detached. Similarly terraced house is around £141,211 and a flat is worth £115,352. Values have been changing and have risen £474 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £2,341 in last 6 months, £10,379 in last 1 year, £11,217 in last 2 years, £13,147 in last 3 years, £16,316 in last 4 years and £17,405 in last 5 years.

Currently average asking price of a property in New Cross, Somerton, TA11 is around £428,348 based on approximately 1 properties for sale. Same is the case with rental options based on 17 properties up for rent, average asking rent is around £858 per month.

Estimated property value in New Cross, Somerton, TA11 is £159,584. Average asking price is £428,348 while average price paid is £102,500 which is up by £10,379 and Avg. asking rent £858.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 New Cross, Somerton, TA11 area. In last 1 year alone average price buyer paid is around £102,500 based on approximately 1 sales in New Cross, Somerton, TA11 area alone. If you compare it to last 3 years sales of 2 properties where buyers paid around £108,750. 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 £108,750 for 2 and average amount paid for purchase of approx. 5 properties sold in last 7 years comes to about £157,800 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 £154,500, £149,271 for a 2 bedroom house, £294,338 for a 3 bedroom house, £434,000 for a 4 bedroom house and £648,000 for a 5 bedroom house. For a flat the prices of 2 bedroom is £132,000. To sum up the asking prices for properties in New Cross, Somerton, TA11 it comes to around average £154,500 for 1 bedroom property, £147,112 for 2 bedroom, £294,338 for 3 bedroom, £434,000 for 4 bedroom and £648,000 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 £477 for 1 bedroom to £685 for 2 bedroom, £748 for 3 bedroom and £1,769 for 5 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £442. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £524 and £594 for 3 bedroom. You should be generally be expecting around average £451 rent per month for single bedroom property, £604 for 2 bedroom, £696 for 3 bedroom and approximately £1,769 for 5 bedroom property in New Cross, Somerton, TA11 area.

Popular Houses in New Cross, Somerton, TA11

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 New Cross, Somerton, TA11