Promenade, Nottingham, NG3

Street Guide For Promenade, Nottingham, NG3

 

Promenade, Nottingham, NG3 Map

Estimated Price: £136,535
Average Asking Price: £210,878
Price change in last one year: £8,227
Average Price Paid: £116,541
Average Rent Rates: £892

 

Property Prices Breakdown in Promenade, Nottingham, NG3

Average Price for property in Promenade, Nottingham, NG3 is around £136,535 which varies based on type of property you are interested in and ranges from £138,624 for semi-detached to around £136,425 for terraced house. Values have been changing and have risen £591 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £1,803 in last 6 months, £8,227 in last 1 year, £12,939 in last 2 years, £15,444 in last 3 years, £14,133 in last 4 years and £12,749 in last 5 years.

Currently average asking price of a property in Promenade, Nottingham, NG3 is around £210,878 based on approximately 1 properties for sale. Same is the case with rental options based on 159 properties up for rent, average asking rent is around £892 per month.

Estimated property value in Promenade, Nottingham, NG3 is £136,535. Average asking price is £210,878 while average price paid is £131,000 which is up by £8,227 and Avg. asking rent £892.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 Promenade, Nottingham, NG3 area. In last 1 year alone average price buyer paid is around £131,000 based on approximately 1 sales in Promenade, Nottingham, NG3 area alone. If you compare it to last 3 years sales of 3 properties where buyers paid around £118,666. 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 £116,541 for 6 and average amount paid for purchase of approx. 9 properties sold in last 7 years comes to about £118,333 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 £83,317, £113,350 for a 2 bedroom house, £159,987 for a 3 bedroom house, £308,585 for a 4 bedroom house and £436,880 for a 5 bedroom house. For a flat similarly the prices varies from £85,485 for a single bedroom to £114,326 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £228,750. To sum up the asking prices for properties in Promenade, Nottingham, NG3 it comes to around average £85,160 for 1 bedroom property, £113,865 for 2 bedroom, £162,582 for 3 bedroom, £308,585 for 4 bedroom and £436,880 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 £377 for 1 bedroom to £512 for 2 bedrooms, £755 for 3 bedrooms, £891 for 4 bedrooms and £1,815 for 5 bedrooms house. But if you are interested in renting a 1 bedroom flat then rent per month can be around £473. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £626, £987 for 3 bedroom, £1,465 for 4 bedroom and around £1,885 for 5 bedroom flat. You should be generally be expecting around average £454 rent per month for single bedroom property, £589 for 2 bedroom, £794 for 3 bedroom, £945 for 4 bedroom and approximately £1,825 for a 5 bedroom property in Promenade, Nottingham, NG3 area.

Popular Houses in Promenade, Nottingham, NG3

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 Promenade, Nottingham, NG3