Values have been changing and have risen £1,719 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £5,650 in last 6 months, £14,818 in last 1 year, £29,858 in last 2 years, £27,991 in last 3 years, £28,918 in last 4 years and £30,990 in last 5 years.
Currently average asking price of a property in Milford Road, Grays, RM16 is around £334,508 based on approximately 1 properties for sale. Same is the case with rental options based on 19 properties up for rent, average asking rent is around £991 per month.
Estimated property value in Milford Road, Grays, RM16 is £174,769. Average asking price is £334,508 while average price paid is £90,000 which is up by £14,818 and Avg. asking rent £991.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 Milford Road, Grays, RM16 area. In last 1 year alone average price buyer paid is around £90,000 based on approximately 1 sales in Milford Road, Grays, RM16 area alone. If you compare it to last 3 years sales of 5 properties where buyers paid around £147,000. 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 £140,187 for 8 and average amount paid for purchase of approx. 10 properties sold in last 7 years comes to about £134,150 per sale.