Brook Way, Rainham, RM13

Street Guide For Brook Way, Rainham, RM13

 
 

Brook Way, Rainham, RM13 Map

Estimated Price: £239,520
Average Asking Price: £280,388
Price change in last one year: £23,007
Average Price Paid: £220,262
Average Rent Rates: £2,900

Ram Estate Agent
713 Cranbrook Road, Gants Hill, Ilford, Essex, IG2

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Property Prices Breakdown in Brook Way, Rainham, RM13

Average Price for property in Brook Way, Rainham, RM13 is around £239,520 which varies based on type of property you are interested in and ranges from £244,165 for semi-detached to around £224,038 for terraced house. Values have been changing and have risen £2,327 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £7,346 in last 6 months, £23,007 in last 1 year, £43,105 in last 2 years, £43,921 in last 3 years, £45,390 in last 4 years and £43,384 in last 5 years.

Currently average asking price of a property in Brook Way, Rainham, RM13 is around £280,388 based on approximately 6 properties for sale. Same is the case with rental options based on 37 properties up for rent, average asking rent is around £2,900 per month.

Estimated property value in Brook Way, Rainham, RM13 is £239,520. Average asking price is £280,388 while average price paid is £232,916 which is up by £23,007 and Avg. asking rent £2,900.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 Brook Way, Rainham, RM13 area. In last 1 year alone average price buyer paid is around £232,916 based on approximately 6 sales in Brook Way, Rainham, RM13 area alone. If you compare it to last 3 years sales of 16 properties where buyers paid around £222,467. 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 £220,262 for 19 and average amount paid for purchase of approx. 20 properties sold in last 7 years comes to about £219,999 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 £40,000, £224,167 for a 2 bedroom house, £277,607 for a 3 bedroom house, £354,167 for a 4 bedroom house and £416,667 for a 5 bedroom house. For a flat similarly the prices varies from £109,849 for a single bedroom to £194,198 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £175,000. To sum up the asking prices for properties in Brook Way, Rainham, RM13 it comes to around average £95,879 for 1 bedroom property, £210,545 for 2 bedroom, £273,735 for 3 bedroom, £354,167 for 4 bedroom and £416,667 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 £1,196 for 3 bedroom to £1,374 for 4 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £793. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £965. You should be generally be expecting around average £793 rent per month for single bedroom property, £965 for 2 bedroom, £1,196 for 3 bedroom and approximately £1,374 for 4 bedroom property in Brook Way, Rainham, RM13 area.

Popular Houses in Brook Way, Rainham, RM13

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 Brook Way, Rainham, RM13