Otley Drive, Ilford, IG2

Street Guide For Otley Drive, Ilford, IG2

 
 

Otley Drive, Ilford, IG2 Map

Estimated Price: £372,992
Average Asking Price: £323,348
Price change in last one year: £32,545
Average Price Paid: £316,786
Average Rent Rates: £1,596

Blue Satin Homes
Olympic House, 28-42 Clements Road, Ilford IG1 1BA

Free House valuation

 

Property Prices Breakdown in Otley Drive, Ilford, IG2

Values have been changing and have risen £2,328 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £9,361 in last 6 months, £32,545 in last 1 year, £51,467 in last 2 years, £64,076 in last 3 years, £65,666 in last 4 years and £60,951 in last 5 years.

Currently average asking price of a property in Otley Drive, Ilford, IG2 is around £323,348 based on approximately 3 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 Otley Drive, Ilford, IG2 is £372,992. Average asking price is £323,348 while average price paid is £358,000 which is up by £32,545 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 Otley Drive, Ilford, IG2 area. In last 1 year alone average price buyer paid is around £358,000 based on approximately 3 sales in Otley Drive, Ilford, IG2 area alone. If you compare it to last 3 years sales of 10 properties where buyers paid around £337,150. 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 £316,786 for 18 and average amount paid for purchase of approx. 25 properties sold in last 7 years comes to about £305,006 per sale.

 
 
 
 

Breakdown of asking prices for homes of different sizes show that price varies clearly based on no of bedrooms and type of house. Asking price for a house with 1 bedroom is around £100,000, £236,665 for a 2 bedroom house, £384,314 for a 3 bedroom house, £436,353 for a 4 bedroom house and £498,333 for a 5 bedroom house. For a flat similarly the prices varies from £171,898 for a single bedroom to £219,936 for a 2 bedroom Flat. To sum up the asking prices for properties in Otley Drive, Ilford, IG2 it comes to around average £162,911 for 1 bedroom property, £222,325 for 2 bedroom, £384,314 for 3 bedroom, £436,353 for 4 bedroom and £498,333 for a 5 bedroom property.

Rent per calendar month varies similarly based on type and size of the house. If you look at the rents per month for houses alone it can vary from £589 for 1 bedroom to £1,325 for 2 bedroom, £1,531 for 3 bedroom and £1,720 for 4 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £974. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £1,247 and £1,249 for 3 bedroom. You should be generally be expecting around average £905 rent per month for single bedroom property, £1,254 for 2 bedroom, £1,471 for 3 bedroom and approximately £1,720 for 4 bedroom property in Otley Drive, Ilford, IG2 area.

Popular Houses in Otley Drive, Ilford, IG2

Disclaimer : Location real estate estimates and values are based on House price index background data and Sales data provided by United Kingdom Land registry Records available as public records from their website. This information is updated monthly on our website and may not reflect all public transactions. This information is based on estimated calculation generated from our developed algorithms. We are striving to make this information as accurate and useful as possible. This data covers the transactions received at Land Registry in the period 1/1/1995 to 9/1/2014. © Crown copyright 2014. Data produced by Land Registry © Crown copyright 2014.

Transportation in Otley Drive, Ilford, IG2

Areas in and around Otley Drive, Ilford, IG2