Values have been changing and have risen £1,850 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £6,108 in last 6 months, £34,272 in last 1 year, £65,625 in last 2 years, £74,503 in last 3 years, £75,594 in last 4 years and £83,330 in last 5 years.
Currently average asking price of a property in Melvin Road, London, SE20 is around £391,164 based on approximately 0 properties for sale. Same is the case with rental options based on 69 properties up for rent, average asking rent is around £1,042 per month.
Estimated property value in Melvin Road, London, SE20 is £322,278. Average asking price is £391,164 while average price paid is £207,000 which is up by £74,503 and Avg. asking rent £1,042.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 Melvin Road, London, SE20 area. In last 3 years alone average price buyer paid is around £207,000 based on approximately 2 sales in Melvin Road, London, SE20 area alone. If you compare it to last 5 years sales of 4 properties where buyers paid around £187,500. 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 £181,658 for 6 per sale.