Average Price for property in Penarth is around £341,502 which varies based on type of property you are interested in and ranges from £431,390 for detached house to around £282,979 for semi-detached. Similarly terraced house is around £237,309 and a flat is worth £420,638. Values have been changing and have risen £2,077 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £1,244 in last 6 months, £24,401 in last 1 year, £46,407 in last 2 years, £46,614 in last 3 years, £45,398 in last 4 years and £49,207 in last 5 years.
Currently average asking price of a property in Penarth is around £352,468 based on approximately 500 properties for sale. Same is the case with rental options based on 62 properties up for rent, average asking rent is around £885 per month.
Estimated property value in Penarth is £341,502. Average asking price is £352,468 while average price paid is £246,530 which is up by £24,401 and Avg. asking rent £885.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 Penarth area. In last 1 year alone average price buyer paid is around £246,530 based on approximately 500 sales in Penarth area alone. If you compare it to last 3 years sales of 1,496 properties where buyers paid around £240,913. 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 £239,186 for 2,292 and average amount paid for purchase of approx. 2,968 properties sold in last 7 years comes to about £236,697 per sale.