Prestwood Drive, Collier Row, Romford, RM5

Street Guide For Prestwood Drive, Collier Row, Romford, RM5

 
 

Prestwood Drive, Collier Row, Romford, RM5 Map

Estimated Price: £278,115
Average Asking Price: £281,530
Price change in last one year: £23,888
Average Price Paid: £200,968
Average Rent Rates: £1,889

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

Free House valuation

 

Property Prices Breakdown in Prestwood Drive, Collier Row, Romford, RM5

Average Price for property in Prestwood Drive, Collier Row, Romford, RM5 is around £278,115 which varies based on type of property you are interested in and ranges from £279,279 for semi-detached to around £261,837 for terraced house. Values have been changing and have risen £2,392 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £7,807 in last 6 months, £23,888 in last 1 year, £44,997 in last 2 years, £44,238 in last 3 years, £48,289 in last 4 years and £48,193 in last 5 years.

Currently average asking price of a property in Prestwood Drive, Collier Row, Romford, RM5 is around £281,530 based on approximately 1 properties for sale. Same is the case with rental options based on 10 properties up for rent, average asking rent is around £1,889 per month.

Estimated property value in Prestwood Drive, Collier Row, Romford, RM5 is £278,115. Average asking price is £281,530 while average price paid is £240,000 which is up by £23,888 and Avg. asking rent £1,889.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 Prestwood Drive, Collier Row, Romford, RM5 area. In last 1 year alone average price buyer paid is around £240,000 based on approximately 1 sales in Prestwood Drive, Collier Row, Romford, RM5 area alone. If you compare it to last 3 years sales of 3 properties where buyers paid around £205,259. 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 £200,968 for 7 and average amount paid for purchase of approx. 9 properties sold in last 7 years comes to about £207,558 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 £275,555, £306,666 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 Prestwood Drive, Collier Row, Romford, RM5 it comes to around average £169,567 for 1 bedroom property, £241,470 for 2 bedroom, £300,714 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 Prestwood Drive, Collier Row, Romford, RM5 area.

Popular Houses in Prestwood Drive, Collier Row, 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 Prestwood Drive, Collier Row, Romford, RM5