What happened to house prices in Barrow upon Soar in the last 12 months
Posted on 10th May 2018 at 09:03
It is important to be aware of present day prices in the property market but aside from giving prospective buyers a guideline on how much property will cost, these prices by themselves don’t offer too much insight.
There is a need to have context with property prices and therefore, many specialists focus on how house prices change over a period of time. If you are keen to learn what has happened to house prices in Barrow upon Soar in the last 12 months, Strawberry Sales and Lettings will keep you fully informed.
According to figures provided by Zoopla, the average value of property in Barrow upon Soar, as of April 2018, stands at £282,385. The average value in the past 12 months has risen by £18,727 which is an increase of 7.10%.
Average value of property in Barrow upon Soar has risen in the past year
The average asking price of Barrow upon Soar property in the past 12 months stands at £270,936. By itself this is an interesting starting point when it comes to reviewing the local property market but for most of property owners and buyers, there is a need to examine the market in greater detail.
In the past 12 months, the average price paid for flats in Barrow upon Soar stands at £97,167 while the average value of flats in the area is listed as £141,327. It is not as though there are many flats on the market in Barrow upon Soar and these prices and values are based on a limited number of market sales.
In the past 12 months, the average price paid for terraced properties in Barrow upon Soar is listed as £183,701 while the average value of terraced properties in the area is classed as £185,116. For semi-detached properties, the average price paid in the past 12 months is listed as £220,344 and the average value for this style of property in Barrow upon Soar in the past year is £216,935.
Detached properties have seen the most transactions in the past year and as of April 2018, the average price paid for detached properties in Barrow upon Soar in the last 12 months is £384,454. The average value for detached property in this period is £381,184.
Prices paid for Barrow upon Soar property has risen in past 12 months
Land Registry figures for Charnwood are available for February 2017 to February 2018, allowing for analysis between the two years:
• Flats average price paid in February 2017: £110,069 February 2018: £120,550
• Terraced properties average price paid in February 2017: £145,496 February 2018: £160,349
• Semi-detached property average price paid in February 2017: 179,471 February 2018: £199,082
• Detached property average price paid in February 2017: £291,973 February 2018: £324,355
• Average price paid in February 2017: £196,551 February 2018: £217,621
With respect to percentage changes, the following table is of interest:
• Flats price paid increased by 9.52%
• Terraced properties price paid increased by 10.23%
• Semi-detached properties price paid increased by 10.93%
• Detached property price paid increased by 11.09%
• Average price paid increased by 10.72%
If you have an interest in the Barrow upon Soar property market, it makes sense to stay in touch with property prices and values. However, not everyone has the time or inclination to do so, and therefore it is best to call on the experts for support. No mater what your local property market interest is, you will find that Strawberry Sales and Lettings are here to help, so please get in touch.
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