The provided source material offers a detailed look at the property market in Freeby Avenue, Mansfield Woodhouse, Mansfield, NG19. This data includes average prices, historical trends, and rental information, which is useful for potential buyers, sellers, and investors in the area. The information is drawn from property listing websites and historical sales records, providing a factual basis for understanding the local real estate landscape.
The average price for a property in Freeby Avenue is approximately £143,392. This figure varies significantly depending on the type of property. Detached houses in the area are valued at around £221,443, while semi-detached properties average £138,800. These values have shown recent movement, with prices rising by £240 in the last three months alone. This short-term increase is part of a longer-term trend of price appreciation. Over the past year, prices have increased by £7,511, and over the last two years, the rise has been £13,034. The three-year change is recorded as £16,131, with further increases of £13,062 over four years and £12,921 over five years. The data indicates a consistent upward trajectory in property values within this specific location.
Regarding sales activity, the source material provides specific figures for different timeframes. In the last three years, there was approximately one sale, with the average price paid being £122,000. Looking back over a five-year period, four properties were sold, with buyers paying an average of £125,225. Over a seven-year period, the average amount paid for five properties was £124,180. These historical sales figures are distinct from the current average asking price, which stands at £326,849. It is important to note that this current asking price is based on approximately zero properties currently for sale in Freeby Avenue, suggesting a very tight market with limited inventory available for purchase at any given moment.
The rental market in Freeby Avenue is also documented. Based on 60 properties available for rent, the average asking rent is £845 per month. This rental information is sourced from an online survey, indicating it is an estimate based on listed properties. The source material also mentions that buyers are willing to pay high prices due to a recent trend in real estate investment, particularly in the Freeby Avenue area. This sentiment is presented as a conclusion from the online survey data.
Historical sales records from Rightmove provide specific examples of past transactions on Freeby Avenue. These records show a range of sale prices over several decades, illustrating the long-term value changes in the area. For example, a property was sold for £128,950 on 21 August 2011, and another for £141,500 on 21 September 2007. Much earlier sales include one for £49,000 on 26 June 1998 and another for £35,000 on 16 December 1998. More recent transactions include a sale for £178,000 on 20 September 2021, and a notable sale for £250,000 on 9 October 2020. Other sales recorded are £115,000 (27 May 2004), £119,000 (23 June 2003), £62,950 (26 October 2001), £59,995 (29 January 2001), and £102,500 (29 January 2016). A property was also sold for £147,500 on 27 March 2020, and £49,000 on 5 May 1995. Further sales include £145,000 (12 September 2019), £142,000 (10 August 2018), £46,950 (17 July 1998), and £145,000 (15 September 2017). These individual records corroborate the general trend of increasing values over time, with prices rising from figures in the tens of thousands in the 1990s to well over £100,000 in the 2000s and 2010s, and reaching up to £250,000 in the 2020s.
It is crucial to evaluate the reliability of the provided source data. The first source, a page from Houser.co.uk, presents aggregated data on average prices, rental figures, and market trends. This type of data is commonly used in property portals to give an overview but should be treated as an estimate. The second source, Rightmove, is a major UK property listing website and is considered a reliable source for historical sales data, as it typically records actual sale prices (though often based on the asking price at the time of listing). The information from Rightmove is specific and verifiable for individual properties. However, the user should note that the source material does not specify the exact number of properties in Freeby Avenue that these averages are based on, nor does it provide a breakdown of property types for the rental market. The statement about "high dollar prices" appears to be a non-standard phrasing and may be a textual error, as the UK property market uses pounds sterling.
In summary, the data for Freeby Avenue, Mansfield Woodhouse, indicates a stable to appreciating property market with significant price increases over the past five years. The current market appears to have very limited availability for sale, with a high average asking price. The rental market is active, with an average monthly rent of £845. Historical records show a clear pattern of long-term value growth in the area.