Values have been changing and have risen £1,007 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £4,238 in last 6 months, £13,830 in last 1 year, £36,720 in last 2 years, £34,718 in last 3 years, £37,072 in last 4 years and £35,858 in last 5 years.
Currently average asking price of a property in Paines Brook Way, Romford, RM3 is around £300,639 based on approximately 3 properties for sale. Same is the case with rental options based on 52 properties up for rent, average asking rent is around £2,650 per month.
Estimated property value in Paines Brook Way, Romford, RM3 is £205,859. Average asking price is £300,639 while average price paid is £175,150 which is up by £13,830 and Avg. asking rent £2,650.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 Paines Brook Way, Romford, RM3 area. In last 1 year alone average price buyer paid is around £175,150 based on approximately 3 sales in Paines Brook Way, Romford, RM3 area alone. If you compare it to last 3 years sales of 4 properties where buyers paid around £182,237. 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 £183,290 for 5 and average amount paid for purchase of approx. 8 properties sold in last 7 years comes to about £177,388 per sale.