Average Price for property in Melford Road, Ilford, IG1 is around £251,252 which varies based on type of property you are interested in and ranges from £195,372 for detached house to around £269,310 for terraced house. Similarly flat is around £206,957. Values have been changing and have risen £466 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £4,021 in last 6 months, £16,192 in last 1 year, £32,350 in last 2 years, £39,533 in last 3 years, £42,013 in last 4 years and £34,294 in last 5 years.
Currently average asking price of a property in Melford Road, Ilford, IG1 is around £331,638 based on approximately 2 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 Melford Road, Ilford, IG1 is £251,252. Average asking price is £331,638 while average price paid is £209,000 which is up by £16,192 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 Melford Road, Ilford, IG1 area. In last 1 year alone average price buyer paid is around £209,000 based on approximately 2 sales in Melford Road, Ilford, IG1 area alone. If you compare it to last 3 years sales of 3 properties where buyers paid around £203,000. 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 £191,250 for 4 and average amount paid for purchase of approx. 4 properties sold in last 7 years comes to about £191,250 per sale.