Average Price for property in RM4 is around £569,385 which varies based on type of property you are interested in and ranges from £780,924 for detached house to around £425,524 for semi-detached. Similarly terraced house is around £331,740 and a flat is worth £235,276. Values have been changing and have risen £6,915 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £21,250 in last 6 months, £50,537 in last 1 year, £100,325 in last 2 years, £100,698 in last 3 years, £102,212 in last 4 years and £103,302 in last 5 years.
Currently average asking price of a property in RM4 is around £1,032,028 based on approximately 41 properties for sale. Same is the case with rental options based on 5 properties up for rent, average asking rent is around £1,340 per month.
Estimated property value in RM4 is £569,385. Average asking price is £1,032,028 while average price paid is £471,282 which is up by £50,537 and Avg. asking rent £1,340.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 RM4 area. In last 1 year alone average price buyer paid is around £471,282 based on approximately 41 sales in RM4 area alone. If you compare it to last 3 years sales of 139 properties where buyers paid around £425,174. 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 £424,080 for 222 and average amount paid for purchase of approx. 290 properties sold in last 7 years comes to about £428,858 per sale.