Area Guide For Retford

Retford is a business/Market sector town in Nottinghamshire in the East Midlands of England, spotted 31 miles from the city of Nottingham, and 23 miles west of Lincoln, in the area of Bassetlaw. The town is arranged in a valley with the River Idle and the Chesterfield Canal going through the focal point of the town. The town of Ordsall is a suburb of the town, partitioned from Retford by the River Idle and the East Coast Main line. Retford is under the control of Bassetlaw District Council, with their base being found in neighboring Worksop. Retford is twinned with the town of Pfungstadt, Germany.


Retford Map

Estimated Price: £172,041
Average Asking Price: £217,351
Price change in last one year: £12,032
Average Price Paid: £154,663
Average Rent Rates: £617


Property Prices Breakdown in Retford

Average Price for property in Retford is around £172,041 which varies based on type of property you are interested in and ranges from £240,238 for detached house to around £127,496 for semi-detached. Similarly terraced house is around £107,740 and a flat is worth £106,149. Values have been changing and have risen £3,183 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £8,456 in last 6 months, £12,032 in last 1 year, £18,067 in last 2 years, £17,821 in last 3 years, £10,282 in last 4 years and £15,776 in last 5 years.

Currently average asking price of a property in Retford is around £217,351 based on approximately 477 properties for sale. Same is the case with rental options based on 60 properties up for rent, average asking rent is around £617 per month.

Estimated property value in Retford is £172,041. Average asking price is £217,351 while average price paid is £148,148 which is up by £12,032 and Avg. asking rent £617.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 Retford area. In last 1 year alone average price buyer paid is around £148,148 based on approximately 477 sales in Retford area alone. If you compare it to last 3 years sales of 1,415 properties where buyers paid around £153,944. 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 £154,663 for 2,211 and average amount paid for purchase of approx. 2,972 properties sold in last 7 years comes to about £154,723 per sale.


Properties For Sale in Retford


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 £69,995, £128,091 for a 2 bedroom house, £171,119 for a 3 bedroom house, £259,844 for a 4 bedroom house and £328,946 for a 5 bedroom house. For a flat similarly the prices varies from £101,828 for a single bedroom to £116,836 for a 2 bedroom Flat. To sum up the asking prices for properties in Retford it comes to around average £98,644 for 1 bedroom property, £124,808 for 2 bedroom, £171,119 for 3 bedroom, £259,844 for 4 bedroom and £328,946 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 £451 for 1 bedroom to £440 for 2 bedroom, £544 for 3 bedroom and £657 for 4 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £328. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £411. You should be generally be expecting around average £369 rent per month for single bedroom property, £430 for 2 bedroom, £544 for 3 bedroom and approximately £657 for 4 bedroom property in Retford area.

Popular Houses in Retford

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.

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