RM20

Real Estate Area Guide For RM20

 
 

RM20 Map

Estimated Price: £160,653
Average Asking Price: £265,048
Price change in last one year: £14,748
Average Price Paid: £158,783
Average Rent Rates: £3,767

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

Free House valuation

 

Property Prices Breakdown in RM20

Average Price for property in RM20 is around £160,653 which varies based on type of property you are interested in and ranges from £252,618 for detached house to around £197,775 for semi-detached. Similarly terraced house is around £178,421 and a flat is worth £106,874. Values have been changing and have risen £1,624 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £5,291 in last 6 months, £14,748 in last 1 year, £28,962 in last 2 years, £27,999 in last 3 years, £29,804 in last 4 years and £28,880 in last 5 years.

Currently average asking price of a property in RM20 is around £265,048 based on approximately 84 properties for sale. Same is the case with rental options based on 20 properties up for rent, average asking rent is around £3,767 per month.

Estimated property value in RM20 is £160,653. Average asking price is £265,048 while average price paid is £150,921 which is up by £14,748 and Avg. asking rent £3,767.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 RM20 area. In last 1 year alone average price buyer paid is around £150,921 based on approximately 84 sales in RM20 area alone. If you compare it to last 3 years sales of 415 properties where buyers paid around £155,747. 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 £158,783 for 576 and average amount paid for purchase of approx. 665 properties sold in last 7 years comes to about £155,184 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 £176,663, £224,329 for a 3 bedroom house and £293,328 for a 4 bedroom house. For a flat similarly the prices varies from £97,498 for a single bedroom to £150,414 for a 2 bedroom Flat. To sum up the asking prices for properties in RM20 it comes to around average £97,498 for 1 bedroom property, £159,164 for 2 bedroom, £224,329 for 3 bedroom and £293,328 for 4 bedroom.

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 is £966 for 3 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £537. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £849. You should be generally be expecting around average £538 rent per month for single bedroom property, £849 for 2 bedroom and approximately £966 for 3 bedroom property in RM20 area.

Popular Houses in RM20

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.

Browse by Streets in RM20