Values have been changing and have risen £4,627 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £14,575 in last 6 months, £35,018 in last 1 year, £48,159 in last 2 years, £57,754 in last 3 years, £56,165 in last 4 years and £58,324 in last 5 years.
Currently average asking price of a property in Penhill Road, Bexley, DA5 is around £428,057 based on approximately 3 properties for sale. Same is the case with rental options based on 16 properties up for rent, average asking rent is around £1,155 per month.
Estimated property value in Penhill Road, Bexley, DA5 is £337,197. Average asking price is £428,057 while average price paid is £296,666 which is up by £35,018 and Avg. asking rent £1,155.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 Penhill Road, Bexley, DA5 area. In last 1 year alone average price buyer paid is around £296,666 based on approximately 3 sales in Penhill Road, Bexley, DA5 area alone. If you compare it to last 3 years sales of 7 properties where buyers paid around £251,785. 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 £255,975 for 10 and average amount paid for purchase of approx. 19 properties sold in last 7 years comes to about £250,142 per sale.