Average Price for property in Redbridge is around £431,150 which varies based on type of property you are interested in and ranges from £776,931 for detached house to around £415,053 for semi-detached. Similarly terraced house is around £409,969 and a flat is worth £368,515. Values have been changing and have risen £2,400 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £11,108 in last 6 months, £33,001 in last 1 year, £61,292 in last 2 years, £71,198 in last 3 years, £80,587 in last 4 years and £67,532 in last 5 years.
Currently average asking price of a property in Redbridge is around £498,247 based on approximately 153 properties for sale. Same is the case with rental options based on 34 properties up for rent, average asking rent is around £1,764 per month.
Estimated property value in Redbridge is £431,150. Average asking price is £498,247 while average price paid is £387,992 which is up by £33,001 and Avg. asking rent £1,764.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 Redbridge area. In last 1 year alone average price buyer paid is around £387,992 based on approximately 153 sales in Redbridge area alone. If you compare it to last 3 years sales of 375 properties where buyers paid around £348,200. 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 £344,440 for 606 and average amount paid for purchase of approx. 812 properties sold in last 7 years comes to about £336,123 per sale.