Values have been changing and have risen £1,765 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £7,093 in last 6 months, £24,660 in last 1 year, £38,998 in last 2 years, £48,553 in last 3 years, £49,758 in last 4 years and £46,188 in last 5 years.
Currently average asking price of a property in Monarch Way, Ilford, IG2 is around £323,348 based on approximately 16 properties for sale. Same is the case with rental options based on 111 properties up for rent, average asking rent is around £1,596 per month.
Estimated property value in Monarch Way, Ilford, IG2 is £282,600. Average asking price is £323,348 while average price paid is £216,124 which is up by £24,660 and Avg. asking rent £1,596.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 Monarch Way, Ilford, IG2 area. In last 1 year alone average price buyer paid is around £216,124 based on approximately 16 sales in Monarch Way, Ilford, IG2 area alone. If you compare it to last 3 years sales of 19 properties where buyers paid around £209,762. 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 £203,978 for 24 and average amount paid for purchase of approx. 32 properties sold in last 7 years comes to about £204,532 per sale.