Average Price for property in Forest Road, Romford, RM7 is around £307,510 which varies based on type of property you are interested in and ranges from £343,771 for detached house to around £296,232 for semi-detached. Similarly terraced house is around £286,697 and a flat is worth £183,096. Values have been changing and have risen £3,730 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £11,432 in last 6 months, £28,993 in last 1 year, £55,308 in last 2 years, £56,434 in last 3 years, £57,988 in last 4 years and £58,443 in last 5 years.
Currently average asking price of a property in Forest Road, Romford, RM7 is around £266,393 based on approximately 2 properties for sale. Same is the case with rental options based on 29 properties up for rent, average asking rent is around £1,185 per month.
Estimated property value in Forest Road, Romford, RM7 is £307,510. Average asking price is £266,393 while average price paid is £252,000 which is up by £28,993 and Avg. asking rent £1,185.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 Road, Romford, RM7 area. In last 1 year alone average price buyer paid is around £252,000 based on approximately 2 sales in Forest Road, Romford, RM7 area alone. If you compare it to last 3 years sales of 4 properties where buyers paid around £252,250. 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 £242,750 for 8 and average amount paid for purchase of approx. 19 properties sold in last 7 years comes to about £226,894 per sale.