Price difference between 1 and 2 bed

Brallaqueen

I'm just curious really, but does having a second bedroom add a specific amount of value to a flat?

My estate is quite varied (ranges from one bed flats to 4 bed detatched houses) and I'm trying to find comparables to get an idea of current prices.

Recently sold was a 1 bed flat for 70k. Can I use this to guess what a 2 bed flat would likely attract?

googler

If recently-built, what was the price differential when the builder sold them?

apply that as a percentage to current value

Brallaqueen

Thanks googler, but they are 60's build.

SuzieSue

It depends on the area, but I would say a 2 bed would be worth around £95k.

drummer_666

SuzieSue wrote: »

It depends on the area, but I would say a 2 bed would be worth around £95k.

totally depends on the area

Where i'm looking in Birmingham, there are more expensive 2 beds than 3 beds in same sort of condition.

On average here I'd say that 3 beds are a very similar price to 2 beds.

Annisele

I think it varies very widely. Is the second bedroom a boxroom, or the same size as the other bedroom?

A one bed flat near me has just sold for more than a two bed in the same development - but the one bed actually has a greater internal area than the two bed (and more than some three beds I've seen).

dimbo61

Can you not use the various companies that show what prices houses/flats have sold in the last couple of years!
nethouseprices,mouseprice ETC Land registry Zoopla

Brallaqueen

Thanks everyone for the food for thought. just to answer some q's -

The second bedroom is a small double (11 x 9).

I have checked zoopla but the descriptions are not filled in ( -- beds -- baths -- receps) except for the one at 70k which had an old advert attached, so I can't really use them as comparables? For ex, I think the lady upstairs and across has divvied up the lounge (19x15) into an extra bedroom as they have three children.