Medina Road, Grays, RM17

Street Guide For Medina Road, Grays, RM17

 
 

Medina Road, Grays, RM17 Map

Estimated Price: £302,440
Average Asking Price: £222,522
Price change in last one year: £23,572
Average Price Paid: £241,833
Average Rent Rates: £895

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

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Property Prices Breakdown in Medina Road, Grays, RM17

Average Price for property in Medina Road, Grays, RM17 is around £302,440 which varies based on type of property you are interested in and ranges from £360,339 for detached house to around £273,670 for semi-detached. Similarly terraced house is around £299,558. Values have been changing and have risen £2,156 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £7,500 in last 6 months, £23,572 in last 1 year, £47,948 in last 2 years, £48,517 in last 3 years, £50,503 in last 4 years and £49,781 in last 5 years.

Currently average asking price of a property in Medina Road, Grays, RM17 is around £222,522 based on approximately 0 properties for sale. Same is the case with rental options based on 21 properties up for rent, average asking rent is around £895 per month.

Estimated property value in Medina Road, Grays, RM17 is £302,440. Average asking price is £222,522 while average price paid is £241,833 which is up by £48,517 and Avg. asking rent £895.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 Medina Road, Grays, RM17 area. In last 3 years alone average price buyer paid is around £241,833 based on approximately 3 sales in Medina Road, Grays, RM17 area alone. If you compare it to last 5 years sales of 6 properties where buyers paid around £241,833. It has been same for some time now for e.g. if you take an average of amount paid in last 7 years, it comes to around £243,100 for 10 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 £180,248, £216,996 for a 2 bedroom house, £280,624 for a 3 bedroom house, £366,500 for a 4 bedroom house and £387,500 for a 5 bedroom house. For a flat similarly the prices varies from £110,896 for a single bedroom to £150,587 for a 2 bedroom Flat. To sum up the asking prices for properties in Medina Road, Grays, RM17 it comes to around average £122,455 for 1 bedroom property, £176,129 for 2 bedroom, £280,624 for 3 bedroom, £366,500 for 4 bedroom and £387,500 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 £849 for 2 bedroom to £1,125 for 3 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £625. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £813. You should be generally be expecting around average £625 rent per month for single bedroom property, £820 for 2 bedroom and approximately £1,124 for 3 bedroom property in Medina Road, Grays, RM17 area.

Popular Houses in Medina Road, Grays, RM17

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 Medina Road, Grays, RM17