Frazer Close, Romford, RM1

Street Guide For Frazer Close, Romford, RM1

 
 

Frazer Close, Romford, RM1 Map

Estimated Price: £144,281
Average Asking Price: £346,783
Price change in last one year: £12,909
Average Price Paid: £106,999
Average Rent Rates: £1,280

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

Free House valuation

 

Property Prices Breakdown in Frazer Close, Romford, RM1

Average Price for property in Frazer Close, Romford, RM1 is around £144,281 which varies based on type of property you are interested in and ranges from £98,314 for detached house to around £172,294 for terraced house. Similarly flat is around £144,161. Values have been changing and have risen £1,262 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £4,074 in last 6 months, £12,909 in last 1 year, £24,951 in last 2 years, £25,102 in last 3 years, £26,719 in last 4 years and £24,123 in last 5 years.

Currently average asking price of a property in Frazer Close, Romford, RM1 is around £346,783 based on approximately 5 properties for sale. Same is the case with rental options based on 44 properties up for rent, average asking rent is around £1,280 per month.

Estimated property value in Frazer Close, Romford, RM1 is £144,281. Average asking price is £346,783 while average price paid is £107,000 which is up by £12,909 and Avg. asking rent £1,280.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 Frazer Close, Romford, RM1 area. In last 1 year alone average price buyer paid is around £107,000 based on approximately 5 sales in Frazer Close, Romford, RM1 area alone. If you compare it to last 3 years sales of 13 properties where buyers paid around £102,807. 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 £106,999 for 25 and average amount paid for purchase of approx. 37 properties sold in last 7 years comes to about £112,202 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 £100,000, £292,500 for a 2 bedroom house, £330,000 for a 3 bedroom house, £492,497 for a 4 bedroom house and £493,750 for a 5 bedroom house. For a flat similarly the prices varies from £148,430 for a single bedroom to £250,500 for a 2 bedroom Flat. To sum up the asking prices for properties in Frazer Close, Romford, RM1 it comes to around average £144,394 for 1 bedroom property, £266,250 for 2 bedroom, £330,000 for 3 bedroom, £492,497 for 4 bedroom and £493,750 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 £1,148 for 2 bedroom to £1,301 for 3 bedroom and £347 for 4 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £798. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £1,081 and £949 for 3 bedroom. You should be generally be expecting around average £798 rent per month for single bedroom property, £1,087 for 2 bedroom, £1,213 for 3 bedroom and approximately £347 for 4 bedroom property in Frazer Close, Romford, RM1 area.

Popular Houses in Frazer Close, Romford, RM1

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 Frazer Close, Romford, RM1