Forest Lane, London, E7

Street Guide For Forest Lane, London, E7

 

Forest Lane, London, E7 Map

Estimated Price: £322,421
Average Asking Price: £384,847
Price change in last one year: £42,704
Average Price Paid: £219,000
Average Rent Rates: £1,330

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213 Cranbrook Road, Ilford,

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Property Prices Breakdown in Forest Lane, London, E7

Average Price for property in Forest Lane, London, E7 is around £322,421 which varies based on type of property you are interested in and ranges from £406,429 for semi-detached to around £272,016 for terraced house. Values have been changing and have risen £4,729 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £10,875 in last 6 months, £42,704 in last 1 year, £70,218 in last 2 years, £80,132 in last 3 years, £79,362 in last 4 years and £85,939 in last 5 years.

Currently average asking price of a property in Forest Lane, London, E7 is around £384,847 based on approximately 0 properties for sale. Same is the case with rental options based on 127 properties up for rent, average asking rent is around £1,330 per month.

Estimated property value in Forest Lane, London, E7 is £322,421. Average asking price is £384,847 while average price paid is £219,000 which is up by £80,132 and Avg. asking rent £1,330.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 Forest Lane, London, E7 area. In last 3 years alone average price buyer paid is around £219,000 based on approximately 2 sales in Forest Lane, London, E7 area alone. If you compare it to last 5 years sales of 2 properties where buyers paid around £219,000. 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 £219,000 for 2 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 £250,000, £338,967 for a 2 bedroom house, £396,366 for a 3 bedroom house, £468,228 for a 4 bedroom house and £576,919 for a 5 bedroom house. For a flat similarly the prices varies from £197,700 for a single bedroom to £241,286 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £318,737 and £495,000 for a 4 bedroom flat. To sum up the asking prices for properties in Forest Lane, London, E7 it comes to around average £201,723 for 1 bedroom property, £275,881 for 2 bedroom, £391,276 for 3 bedroom, £469,716 for 4 bedroom and £576,919 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 £542 for 1 bedroom to £1,332 for 2 bedrooms, £1,647 for 3 bedrooms, £1,736 for 4 bedrooms and £2,074 for 5 bedrooms house. But if you are interested in renting a 1 bedroom flat then rent per month can be around £936. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £1,212, £1,468 for 3 bedroom and £1,452 for 4 bedroom. You should be generally be expecting around average £848 rent per month for single bedroom property, £1,250 for 2 bedroom, £1,566 for 3 bedroom, £1,716 for 4 bedroom and approximately £2,074 for a 5 bedroom property in Forest Lane, London, E7 area.

Popular Houses in Forest Lane, London, E7

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.

Transportation in Forest Lane, London, E7

Areas in and around Forest Lane, London, E7