Caernarvon Drive, Ilford, IG5

Street Guide For Caernarvon Drive, Ilford, IG5

 
 

Caernarvon Drive, Ilford, IG5 Map

Estimated Price: £253,439
Average Asking Price: £423,334
Price change in last one year: £18,792
Average Price Paid: £196,363
Average Rent Rates: £1,383

Blue Satin Homes
Olympic House, 28-42 Clements Road, Ilford IG1 1BA

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Property Prices Breakdown in Caernarvon Drive, Ilford, IG5

Average Price for property in Caernarvon Drive, Ilford, IG5 is around £253,439 which varies based on type of property you are interested in and ranges from £276,633 for detached house to around £306,367 for semi-detached. Similarly terraced house is around £284,827 and a flat is worth £219,334. Values have been changing and have risen £771 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £4,888 in last 6 months, £18,792 in last 1 year, £34,504 in last 2 years, £42,651 in last 3 years, £45,741 in last 4 years and £37,160 in last 5 years.

Currently average asking price of a property in Caernarvon Drive, Ilford, IG5 is around £423,334 based on approximately 2 properties for sale. Same is the case with rental options based on 27 properties up for rent, average asking rent is around £1,383 per month.

Estimated property value in Caernarvon Drive, Ilford, IG5 is £253,439. Average asking price is £423,334 while average price paid is £187,497 which is up by £18,792 and Avg. asking rent £1,383.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 Caernarvon Drive, Ilford, IG5 area. In last 1 year alone average price buyer paid is around £187,497 based on approximately 2 sales in Caernarvon Drive, Ilford, IG5 area alone. If you compare it to last 3 years sales of 6 properties where buyers paid around £204,332. 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 £196,363 for 11 and average amount paid for purchase of approx. 16 properties sold in last 7 years comes to about £202,749 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 2 bedroom is around £360,000, £404,099 for a 3 bedroom house, £499,999 for a 4 bedroom house and £507,857 for a 5 bedroom house. For a flat similarly the prices varies from £169,975 for a single bedroom to £227,833 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £225,000. To sum up the asking prices for properties in Caernarvon Drive, Ilford, IG5 it comes to around average £169,975 for 1 bedroom property, £260,875 for 2 bedroom, £386,767 for 3 bedroom, £499,999 for 4 bedroom and £507,857 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 £867 for 1 bedroom to £1,503 for 3 bedroom, £1,767 for 4 bedroom and £2,494 for 5 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £1,017. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £1,043. You should be generally be expecting around average £942 rent per month for single bedroom property, £1,043 for 2 bedroom, £1,503 for 3 bedroom, £1,767 for 4 bedroom and approximately £2,494 for a 5 bedroom property in Caernarvon Drive, Ilford, IG5 area.

Popular Houses in Caernarvon Drive, Ilford, IG5

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.

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