Average Price for property in Park Lane, Hornchurch, RM11 is around £266,940 which varies based on type of property you are interested in and ranges from £234,591 for detached house to around £284,986 for semi-detached. Similarly terraced house is around £265,227 and a flat is worth £195,389. Values have been changing and have risen £2,544 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £8,708 in last 6 months, £24,426 in last 1 year, £46,204 in last 2 years, £48,097 in last 3 years, £49,466 in last 4 years and £47,623 in last 5 years.
Currently average asking price of a property in Park Lane, Hornchurch, RM11 is around £661,560 based on approximately 6 properties for sale. Same is the case with rental options based on 22 properties up for rent, average asking rent is around £1,394 per month.
Estimated property value in Park Lane, Hornchurch, RM11 is £266,940. Average asking price is £661,560 while average price paid is £237,658 which is up by £24,426 and Avg. asking rent £1,394.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 Lane, Hornchurch, RM11 area. In last 1 year alone average price buyer paid is around £237,658 based on approximately 6 sales in Park Lane, Hornchurch, RM11 area alone. If you compare it to last 3 years sales of 12 properties where buyers paid around £221,508. 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 £213,863 for 25 and average amount paid for purchase of approx. 38 properties sold in last 7 years comes to about £212,199 per sale.