Values have been changing and have risen £1,006 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £4,233 in last 6 months, £13,814 in last 1 year, £36,679 in last 2 years, £34,676 in last 3 years, £37,029 in last 4 years and £35,820 in last 5 years.
Currently average asking price of a property in Preston Road, Romford, RM3 is around £300,639 based on approximately 1 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 Preston Road, Romford, RM3 is £216,993. Average asking price is £300,639 while average price paid is £185,000 which is up by £13,814 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 Preston Road, Romford, RM3 area. In last 1 year alone average price buyer paid is around £185,000 based on approximately 1 sales in Preston Road, Romford, RM3 area alone. If you compare it to last 3 years sales of 6 properties where buyers paid around £173,166. 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 £178,625 for 8 and average amount paid for purchase of approx. 11 properties sold in last 7 years comes to about £165,181 per sale.