SO42

Real Estate Area Guide For SO42

 

SO42 Map

Estimated Price: £719,359
Average Asking Price: £1,356,960
Price change in last one year: £53,346
Average Price Paid: £579,404
Average Rent Rates: £1,426

 

Property Prices Breakdown in SO42

Average Price for property in SO42 is around £719,359 which varies based on type of property you are interested in and ranges from £902,954 for detached house to around £427,761 for semi-detached. Similarly terraced house is around £362,568 and a flat is worth £235,336. Values have been changing and have risen £3,300 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £6,433 in last 6 months, £53,346 in last 1 year, £93,979 in last 2 years, £101,735 in last 3 years, £81,932 in last 4 years and £91,078 in last 5 years.

Currently average asking price of a property in SO42 is around £1,356,960 based on approximately 61 properties for sale. Same is the case with rental options based on 5 properties up for rent, average asking rent is around £1,426 per month.

Estimated property value in SO42 is £719,359. Average asking price is £1,356,960 while average price paid is £572,444 which is up by £53,346 and Avg. asking rent £1,426.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 SO42 area. In last 1 year alone average price buyer paid is around £572,444 based on approximately 61 sales in SO42 area alone. If you compare it to last 3 years sales of 195 properties where buyers paid around £574,829. 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 £579,404 for 334 and average amount paid for purchase of approx. 458 properties sold in last 7 years comes to about £564,321 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 £236,862, £330,000 for a 2 bedroom house, £630,309 for a 3 bedroom house, £865,000 for a 4 bedroom house and £2,528,200 for a 5 bedroom house. For a flat similarly the prices varies from £140,000 for a single bedroom to £265,000 for a 2 bedroom Flat. To sum up the asking prices for properties in SO42 it comes to around average £217,490 for 1 bedroom property, £317,000 for 2 bedroom, £630,309 for 3 bedroom, £865,000 for 4 bedroom and £2,528,200 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 £1,351 for 3 bedroom to £2,301 for 4 bedroom. But if you are interested in renting a 2 bedroom flat then rent per month can be around £776. You should be generally be expecting around average £776 rent per month for 2 bedroom property, £1,351 for 3 bedroom and approximately £2,301 for 4 bedroom property in SO42 area.

Popular Houses in SO42

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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