Barley Lane, Chadwell Heath, Romford, RM6

Street Guide For Barley Lane, Chadwell Heath, Romford, RM6

 

Barley Lane, Chadwell Heath, Romford, RM6 Map

Estimated Price: £295,118
Average Asking Price: £250,137
Price change in last one year: £26,948
Average Price Paid: £257,100
Average Rent Rates: £1,182

Ideal Locations
213 Cranbrook Road, Ilford,

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Property Prices Breakdown in Barley Lane, Chadwell Heath, Romford, RM6

Values have been changing and have risen £3,306 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £10,772 in last 6 months, £26,948 in last 1 year, £51,407 in last 2 years, £53,659 in last 3 years, £56,811 in last 4 years and £53,285 in last 5 years.

Currently average asking price of a property in Barley Lane, Chadwell Heath, Romford, RM6 is around £250,137 based on approximately 2 properties for sale. Same is the case with rental options based on 104 properties up for rent, average asking rent is around £1,182 per month.

Estimated property value in Barley Lane, Chadwell Heath, Romford, RM6 is £295,118. Average asking price is £250,137 while average price paid is £275,000 which is up by £26,948 and Avg. asking rent £1,182.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 Barley Lane, Chadwell Heath, Romford, RM6 area. In last 1 year alone average price buyer paid is around £275,000 based on approximately 2 sales in Barley Lane, Chadwell Heath, Romford, RM6 area alone. If you compare it to last 3 years sales of 4 properties where buyers paid around £259,625. 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 £257,100 for 5 and average amount paid for purchase of approx. 6 properties sold in last 7 years comes to about £239,250 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 £109,667, £253,315 for a 2 bedroom house, £300,719 for a 3 bedroom house, £366,816 for a 4 bedroom house and £396,665 for a 5 bedroom house. For a flat similarly the prices varies from £117,581 for a single bedroom to £189,080 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £174,995. To sum up the asking prices for properties in Barley Lane, Chadwell Heath, Romford, RM6 it comes to around average £115,998 for 1 bedroom property, £194,920 for 2 bedroom, £297,495 for 3 bedroom, £366,816 for 4 bedroom and £396,665 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 £1,059 for 1 bedroom to £1,193 for 2 bedrooms, £1,361 for 3 bedrooms, £1,520 for 4 bedrooms and £1,772 for 5 bedrooms house. But if you are interested in renting a 1 bedroom flat then rent per month can be around £829. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £1,056, £1,346 for 3 bedroom and £1,361 for 4 bedroom. You should be generally be expecting around average £933 rent per month for single bedroom property, £1,091 for 2 bedroom, £1,358 for 3 bedroom, £1,495 for 4 bedroom and approximately £1,772 for a 5 bedroom property in Barley Lane, Chadwell Heath, Romford, RM6 area.

Popular Houses in Barley Lane, Chadwell Heath, Romford, RM6

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.

Areas in and around Barley Lane, Chadwell Heath, Romford, RM6