Fairway, Grays, RM16

Street Guide For Fairway, Grays, RM16

 
 

Fairway, Grays, RM16 Map

Estimated Price: £273,412
Average Asking Price: £334,508
Price change in last one year: £23,486
Average Price Paid: £215,817
Average Rent Rates: £991

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

Free House valuation

 

Property Prices Breakdown in Fairway, Grays, RM16

Average Price for property in Fairway, Grays, RM16 is around £273,412 which varies based on type of property you are interested in and ranges from £303,147 for detached house to around £293,166 for semi-detached. Similarly terraced house is around £237,827. Values have been changing and have risen £2,724 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £8,953 in last 6 months, £23,486 in last 1 year, £47,326 in last 2 years, £44,364 in last 3 years, £45,830 in last 4 years and £49,111 in last 5 years.

Currently average asking price of a property in Fairway, Grays, RM16 is around £334,508 based on approximately 4 properties for sale. Same is the case with rental options based on 19 properties up for rent, average asking rent is around £991 per month.

Estimated property value in Fairway, Grays, RM16 is £273,412. Average asking price is £334,508 while average price paid is £236,250 which is up by £23,486 and Avg. asking rent £991.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 Fairway, Grays, RM16 area. In last 1 year alone average price buyer paid is around £236,250 based on approximately 4 sales in Fairway, Grays, RM16 area alone. If you compare it to last 3 years sales of 10 properties where buyers paid around £212,400. 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 £215,817 for 11 and average amount paid for purchase of approx. 17 properties sold in last 7 years comes to about £221,911 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 £135,000, £216,874 for a 2 bedroom house, £284,181 for a 3 bedroom house, £430,344 for a 4 bedroom house and £526,922 for a 5 bedroom house. For a flat similarly the prices varies from £131,298 for a single bedroom to £157,323 for a 2 bedroom Flat. To sum up the asking prices for properties in Fairway, Grays, RM16 it comes to around average £131,915 for 1 bedroom property, £181,144 for 2 bedroom, £284,181 for 3 bedroom, £430,344 for 4 bedroom and £526,922 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 £368 for 1 bedroom to £979 for 2 bedroom, £1,300 for 3 bedroom and £2,500 for 4 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £672. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £947. You should be generally be expecting around average £570 rent per month for single bedroom property, £965 for 2 bedroom, £1,300 for 3 bedroom and approximately £2,500 for 4 bedroom property in Fairway, Grays, RM16 area.

Popular Houses in Fairway, Grays, RM16

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 Fairway, Grays, RM16