Playfield Avenue, Romford, RM5

Street Guide For Playfield Avenue, Romford, RM5

 
 

Playfield Avenue, Romford, RM5 Map

Estimated Price: £274,255
Average Asking Price: £281,369
Price change in last one year: £24,641
Average Price Paid: £213,000
Average Rent Rates: £1,755

Ram Estate Agent
713 Cranbrook Road, Gants Hill, Ilford, Essex, IG2

Free House valuation

 

Property Prices Breakdown in Playfield Avenue, Romford, RM5

Average Price for property in Playfield Avenue, Romford, RM5 is around £274,255 which varies based on type of property you are interested in and ranges from £278,954 for detached house to around £276,106 for semi-detached. Similarly terraced house is around £258,789. Values have been changing and have risen £2,466 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £8,053 in last 6 months, £24,641 in last 1 year, £46,415 in last 2 years, £45,633 in last 3 years, £49,811 in last 4 years and £49,711 in last 5 years.

Currently average asking price of a property in Playfield Avenue, Romford, RM5 is around £281,369 based on approximately 0 properties for sale. Same is the case with rental options based on 9 properties up for rent, average asking rent is around £1,755 per month.

Estimated property value in Playfield Avenue, Romford, RM5 is £274,255. Average asking price is £281,369 while average price paid is £212,666 which is up by £45,633 and Avg. asking rent £1,755.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 Playfield Avenue, Romford, RM5 area. In last 3 years alone average price buyer paid is around £212,666 based on approximately 6 sales in Playfield Avenue, Romford, RM5 area alone. If you compare it to last 5 years sales of 7 properties where buyers paid around £213,000. It has been same for some time now for e.g. if you take an average of amount paid in last 7 years, it comes to around £213,291 for 12 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 2 bedroom is around £274,999, £302,672 for a 3 bedroom house, £376,666 for a 4 bedroom house and £356,250 for a 5 bedroom house. For a flat similarly the prices varies from £169,567 for a single bedroom to £203,125 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £140,000. To sum up the asking prices for properties in Playfield Avenue, Romford, RM5 it comes to around average £169,567 for 1 bedroom property, £239,062 for 2 bedroom, £297,249 for 3 bedroom, £376,666 for 4 bedroom and £356,250 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 £1,287 for 3 bedroom to £1,400 for 4 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £750. As the no. of bedroom increase so will the rent e.g. for a 3 bedroom flat it will be around £949. You should be generally be expecting around average £750 rent per month for single bedroom property, £1,219 for 3 bedroom and approximately £1,400 for 4 bedroom property in Playfield Avenue, Romford, RM5 area.

Popular Houses in Playfield Avenue, Romford, RM5

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.

Areas in and around Playfield Avenue, Romford, RM5