Epping

Area Guide For Epping

Epping is a business town and common ward in the Epping Forest area of the County of Essex, England. It is placed 3 miles northeast of Loughton, 5 miles south of Harlow and 11 miles northwest of Brentwood.

The town holds a country appearance being encompassed by Epping Forest and working farmland, and has numerous exceptionally old structures, large portions of which are Grade I and II recorded structures. The town likewise holds its week by week market which is kept each Monday and dates down to 1253.In 2001 the area had a populace of 11,047 despite the fact that this has expanded insignificantly from that point forward.

 
 

Epping Map

Estimated Price: £488,451
Average Asking Price: £654,313
Price change in last one year: £56,124
Average Price Paid: £396,012
Average Rent Rates: £1,606

 
 

Property Prices Breakdown in Epping

Average Price for property in Epping is around £488,451 which varies based on type of property you are interested in and ranges from £716,284 for detached house to around £469,855 for semi-detached. Similarly terraced house is around £369,150 and a flat is worth £287,375. Values have been changing and have risen £1,848 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £6,388 in last 6 months, £56,124 in last 1 year, £74,060 in last 2 years, £78,690 in last 3 years, £80,960 in last 4 years and £82,193 in last 5 years.

Currently average asking price of a property in Epping is around £654,313 based on approximately 367 properties for sale. Same is the case with rental options based on 51 properties up for rent, average asking rent is around £1,606 per month.

Estimated property value in Epping is £488,451. Average asking price is £654,313 while average price paid is £422,861 which is up by £56,124 and Avg. asking rent £1,606.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 Epping area. In last 1 year alone average price buyer paid is around £422,861 based on approximately 367 sales in Epping area alone. If you compare it to last 3 years sales of 1,059 properties where buyers paid around £403,927. 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 £396,012 for 1,790 and average amount paid for purchase of approx. 2,308 properties sold in last 7 years comes to about £388,300 per sale.

 
 

Properties For Sale in Epping

 
 

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 £337,500, £440,432 for a 2 bedroom house, £488,829 for a 3 bedroom house, £862,235 for a 4 bedroom house and £1,235,306 for a 5 bedroom house. For a flat similarly the prices varies from £206,999 for a single bedroom to £366,565 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £941,667. To sum up the asking prices for properties in Epping it comes to around average £244,285 for 1 bedroom property, £399,237 for 2 bedroom, £542,104 for 3 bedroom, £862,235 for 4 bedroom and £1,235,306 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 £479 for 1 bedroom to £1,337 for 2 bedrooms, £1,866 for 3 bedrooms, £2,177 for 4 bedrooms and £4,476 for 5 bedrooms house. But if you are interested in renting a 1 bedroom flat then rent per month can be around £824. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £1,250 and £1,600 for 3 bedroom. You should be generally be expecting around average £709 rent per month for single bedroom property, £1,275 for 2 bedroom, £1,796 for 3 bedroom, £2,177 for 4 bedroom and approximately £4,476 for a 5 bedroom property in Epping area.

Popular Houses in Epping

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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