Melbourne Road, London, E6

Street Guide For Melbourne Road, London, E6

 

Melbourne Road, London, E6 Map

Estimated Price: £280,782
Average Asking Price: £292,063
Price change in last one year: £32,989
Average Price Paid: £209,687
Average Rent Rates: £1,453

 

Property Prices Breakdown in Melbourne Road, London, E6

Values have been changing and have risen £3,219 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £6,996 in last 6 months, £32,989 in last 1 year, £55,209 in last 2 years, £62,927 in last 3 years, £66,349 in last 4 years and £68,337 in last 5 years.

Currently average asking price of a property in Melbourne Road, London, E6 is around £292,063 based on approximately 1 properties for sale. Same is the case with rental options based on 161 properties up for rent, average asking rent is around £1,453 per month.

Estimated property value in Melbourne Road, London, E6 is £280,782. Average asking price is £292,063 while average price paid is £340,000 which is up by £32,989 and Avg. asking rent £1,453.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 Melbourne Road, London, E6 area. In last 1 year alone average price buyer paid is around £340,000 based on approximately 1 sales in Melbourne Road, London, E6 area alone. If you compare it to last 3 years sales of 6 properties where buyers paid around £220,916. 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 £209,687 for 8 and average amount paid for purchase of approx. 14 properties sold in last 7 years comes to about £208,000 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 £262,222, £308,379 for a 3 bedroom house, £370,373 for a 4 bedroom house and £452,206 for a 5 bedroom house. For a flat similarly the prices varies from £177,659 for a single bedroom to £200,483 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £248,571. To sum up the asking prices for properties in Melbourne Road, London, E6 it comes to around average £177,659 for 1 bedroom property, £219,643 for 2 bedroom, £302,268 for 3 bedroom, £370,373 for 4 bedroom and £452,206 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 £748 for 1 bedroom to £1,263 for 2 bedrooms, £1,516 for 3 bedrooms, £1,674 for 4 bedrooms and £1,366 for 5 bedrooms house. But if you are interested in renting a 1 bedroom flat then rent per month can be around £857. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £1,153, £1,333 for 3 bedroom and £2,253 for 4 bedroom. You should be generally be expecting around average £829 rent per month for single bedroom property, £1,205 for 2 bedroom, £1,502 for 3 bedroom, £1,719 for 4 bedroom and approximately £1,366 for a 5 bedroom property in Melbourne Road, London, E6 area.

Popular Houses in Melbourne Road, London, E6

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.

Transportation in Melbourne Road, London, E6

Areas in and around Melbourne Road, London, E6