Average Price for property in Merlin Road, Collier Row, Romford, RM5 is around £324,166 which varies based on type of property you are interested in and ranges from £374,711 for detached house to around £328,628 for semi-detached. Similarly terraced house is around £284,717. Values have been changing and have risen £2,799 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £9,140 in last 6 months, £27,964 in last 1 year, £52,671 in last 2 years, £51,782 in last 3 years, £56,526 in last 4 years and £56,413 in last 5 years.
Currently average asking price of a property in Merlin Road, Collier Row, Romford, RM5 is around £281,530 based on approximately 4 properties for sale. Same is the case with rental options based on 10 properties up for rent, average asking rent is around £1,889 per month.
Estimated property value in Merlin Road, Collier Row, Romford, RM5 is £324,166. Average asking price is £281,530 while average price paid is £237,250 which is up by £27,964 and Avg. asking rent £1,889.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 Merlin Road, Collier Row, Romford, RM5 area. In last 1 year alone average price buyer paid is around £237,250 based on approximately 4 sales in Merlin Road, Collier Row, Romford, RM5 area alone. If you compare it to last 3 years sales of 8 properties where buyers paid around £231,500. 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 £237,035 for 14 and average amount paid for purchase of approx. 15 properties sold in last 7 years comes to about £234,966 per sale.