Mayfair Avenue, Cranbrook, Ilford, IG1

Street Guide For Mayfair Avenue, Cranbrook, Ilford, IG1

 

Mayfair Avenue, Cranbrook, Ilford, IG1 Map

Estimated Price: £351,494
Average Asking Price: £331,638
Price change in last one year: £22,650
Average Price Paid: £308,527
Average Rent Rates: £1,183

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213 Cranbrook Road, Ilford,

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Property Prices Breakdown in Mayfair Avenue, Cranbrook, Ilford, IG1

Average Price for property in Mayfair Avenue, Cranbrook, Ilford, IG1 is around £351,494 which varies based on type of property you are interested in and ranges from £236,270 for detached house to around £476,431 for semi-detached. Similarly terraced house is around £426,005 and a flat is worth £207,367. Values have been changing and have risen £652 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £5,624 in last 6 months, £22,650 in last 1 year, £45,253 in last 2 years, £55,298 in last 3 years, £58,765 in last 4 years and £47,963 in last 5 years.

Currently average asking price of a property in Mayfair Avenue, Cranbrook, Ilford, IG1 is around £331,638 based on approximately 1 properties for sale. Same is the case with rental options based on 366 properties up for rent, average asking rent is around £1,183 per month.

Estimated property value in Mayfair Avenue, Cranbrook, Ilford, IG1 is £351,494. Average asking price is £331,638 while average price paid is £355,000 which is up by £22,650 and Avg. asking rent £1,183.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 Mayfair Avenue, Cranbrook, Ilford, IG1 area. In last 1 year alone average price buyer paid is around £355,000 based on approximately 1 sales in Mayfair Avenue, Cranbrook, Ilford, IG1 area alone. If you compare it to last 3 years sales of 13 properties where buyers paid around £329,576. 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 £308,527 for 18 and average amount paid for purchase of approx. 22 properties sold in last 7 years comes to about £303,704 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 2 bedroom is around £271,592, £357,079 for a 3 bedroom house, £471,069 for a 4 bedroom house and £501,768 for a 5 bedroom house. For a flat similarly the prices varies from £174,408 for a single bedroom to £220,377 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £226,362 and £220,000 for a 4 bedroom flat. To sum up the asking prices for properties in Mayfair Avenue, Cranbrook, Ilford, IG1 it comes to around average £174,408 for 1 bedroom property, £232,768 for 2 bedroom, £327,734 for 3 bedroom, £465,230 for 4 bedroom and £501,768 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 £763 for 1 bedroom to £1,236 for 2 bedrooms, £1,386 for 3 bedrooms, £1,775 for 4 bedrooms and £2,132 for 5 bedrooms house. But if you are interested in renting a 1 bedroom flat then rent per month can be around £901. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £1,255, £1,363 for 3 bedroom and £1,599 for 4 bedroom. You should be generally be expecting around average £862 rent per month for single bedroom property, £1,252 for 2 bedroom, £1,380 for 3 bedroom, £1,757 for 4 bedroom and approximately £2,132 for a 5 bedroom property in Mayfair Avenue, Cranbrook, Ilford, IG1 area.

Popular Houses in Mayfair Avenue, Cranbrook, Ilford, IG1

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.

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