Values have been changing and have risen £1,845 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £5,958 in last 6 months, £18,881 in last 1 year, £36,492 in last 2 years, £36,712 in last 3 years, £39,072 in last 4 years and £35,268 in last 5 years.
Currently average asking price of a property in Richmond Road, Gidea Park, Romford, RM1 is around £346,783 based on approximately 7 properties for sale. Same is the case with rental options based on 44 properties up for rent, average asking rent is around £1,280 per month.
Estimated property value in Richmond Road, Gidea Park, Romford, RM1 is £217,141. Average asking price is £346,783 while average price paid is £198,500 which is up by £18,881 and Avg. asking rent £1,280.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 Richmond Road, Gidea Park, Romford, RM1 area. In last 1 year alone average price buyer paid is around £198,500 based on approximately 7 sales in Richmond Road, Gidea Park, Romford, RM1 area alone. If you compare it to last 3 years sales of 10 properties where buyers paid around £189,700. 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 £188,615 for 13 and average amount paid for purchase of approx. 15 properties sold in last 7 years comes to about £179,466 per sale.