Average Price for property in Park Drive, Romford, RM1 is around £477,816 which varies based on type of property you are interested in and ranges from £481,838 for detached house to around £483,060 for semi-detached. Similarly terraced house is around £371,007. Values have been changing and have risen £4,003 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £12,931 in last 6 months, £40,988 in last 1 year, £79,220 in last 2 years, £79,686 in last 3 years, £84,806 in last 4 years and £76,543 in last 5 years.
Currently average asking price of a property in Park Drive, Romford, RM1 is around £346,783 based on approximately 3 properties for sale. Same is the case with rental options based on 44 properties up for rent, average asking rent is around £1,280 per month.
Estimated property value in Park Drive, Romford, RM1 is £477,816. Average asking price is £346,783 while average price paid is £362,500 which is up by £40,988 and Avg. asking rent £1,280.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 Park Drive, Romford, RM1 area. In last 1 year alone average price buyer paid is around £362,500 based on approximately 3 sales in Park Drive, Romford, RM1 area alone. If you compare it to last 3 years sales of 7 properties where buyers paid around £395,250. 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 £388,968 for 8 and average amount paid for purchase of approx. 9 properties sold in last 7 years comes to about £394,083 per sale.