Elwick Road, South Ockendon, RM15

Street Guide For Elwick Road, South Ockendon, RM15

 
 

Elwick Road, South Ockendon, RM15 Map

Estimated Price: £212,403
Average Asking Price: £397,209
Price change in last one year: £21,538
Average Price Paid: £162,665
Average Rent Rates: £5,783

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

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Property Prices Breakdown in Elwick Road, South Ockendon, RM15

Average Price for property in Elwick Road, South Ockendon, RM15 is around £212,403 which varies based on type of property you are interested in and ranges from £195,613 for semi-detached to around £214,801 for terraced house. Values have been changing and have risen £2,518 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £7,818 in last 6 months, £21,538 in last 1 year, £38,590 in last 2 years, £38,833 in last 3 years, £39,878 in last 4 years and £39,027 in last 5 years.

Currently average asking price of a property in Elwick Road, South Ockendon, RM15 is around £397,209 based on approximately 0 properties for sale. Same is the case with rental options based on 16 properties up for rent, average asking rent is around £5,783 per month.

Estimated property value in Elwick Road, South Ockendon, RM15 is £212,403. Average asking price is £397,209 while average price paid is £161,500 which is up by £38,833 and Avg. asking rent £5,783.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 Elwick Road, South Ockendon, RM15 area. In last 3 years alone average price buyer paid is around £161,500 based on approximately 2 sales in Elwick Road, South Ockendon, RM15 area alone. If you compare it to last 5 years sales of 3 properties where buyers paid around £162,665. It has been same for some time now for e.g. if you take an average of amount paid in last 7 years, it comes to around £160,499 for 5 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 £192,498, £260,089 for a 3 bedroom house, £378,749 for a 4 bedroom house and £450,000 for a 5 bedroom house. For a flat similarly the prices varies from £111,666 for a single bedroom to £140,000 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £135,000. To sum up the asking prices for properties in Elwick Road, South Ockendon, RM15 it comes to around average £111,666 for 1 bedroom property, £181,998 for 2 bedroom, £255,776 for 3 bedroom, £378,749 for 4 bedroom and £450,000 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 £951 for 2 bedroom to £1,033 for 3 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £624. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £875. You should be generally be expecting around average £624 rent per month for single bedroom property, £926 for 2 bedroom and approximately £1,033 for 3 bedroom property in Elwick Road, South Ockendon, RM15 area.

Popular Houses in Elwick Road, South Ockendon, RM15

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 Elwick Road, South Ockendon, RM15