Average Price for property in London Road, Romford, RM7 is around £230,343 which varies based on type of property you are interested in and ranges from £377,338 for detached house to around £283,741 for semi-detached. Similarly terraced house is around £247,955 and a flat is worth £212,618. Values have been changing and have risen £2,774 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £8,504 in last 6 months, £21,566 in last 1 year, £41,140 in last 2 years, £41,979 in last 3 years, £43,134 in last 4 years and £43,474 in last 5 years.
Currently average asking price of a property in London Road, Romford, RM7 is around £266,393 based on approximately 10 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 London Road, Romford, RM7 is £230,343. Average asking price is £266,393 while average price paid is £149,375 which is up by £21,566 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 London Road, Romford, RM7 area. In last 1 year alone average price buyer paid is around £149,375 based on approximately 10 sales in London Road, Romford, RM7 area alone. If you compare it to last 3 years sales of 31 properties where buyers paid around £154,177. 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 £159,144 for 45 and average amount paid for purchase of approx. 59 properties sold in last 7 years comes to about £158,977 per sale.