Smart Close, Romford, RM3

Street Guide For Smart Close, Romford, RM3

 
 

Smart Close, Romford, RM3 Map

Estimated Price: £239,225
Average Asking Price: £300,639
Price change in last one year: £16,063
Average Price Paid: £212,000
Average Rent Rates: £2,650

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

Free House valuation

 

Property Prices Breakdown in Smart Close, Romford, RM3

Average Price for property in Smart Close, Romford, RM3 is around £239,225 which varies based on type of property you are interested in and ranges from £243,523 for semi-detached to around £233,520 for terraced house. Values have been changing and have risen £1,168 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £4,921 in last 6 months, £16,063 in last 1 year, £42,649 in last 2 years, £40,320 in last 3 years, £43,053 in last 4 years and £41,643 in last 5 years.

Currently average asking price of a property in Smart Close, 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 Smart Close, Romford, RM3 is £239,225. Average asking price is £300,639 while average price paid is £250,000 which is up by £16,063 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 Smart Close, Romford, RM3 area. In last 1 year alone average price buyer paid is around £250,000 based on approximately 1 sales in Smart Close, Romford, RM3 area alone. If you compare it to last 3 years sales of 4 properties where buyers paid around £212,000. 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 £212,000 for 4 and average amount paid for purchase of approx. 4 properties sold in last 7 years comes to about £212,000 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 1 bedroom is around £92,498, £208,937 for a 2 bedroom house, £302,806 for a 3 bedroom house, £480,000 for a 4 bedroom house and £528,332 for a 5 bedroom house. For a flat similarly the prices varies from £161,932 for a single bedroom to £160,942 for a 2 bedroom Flat. To sum up the asking prices for properties in Smart Close, Romford, RM3 it comes to around average £156,973 for 1 bedroom property, £182,882 for 2 bedroom, £302,806 for 3 bedroom, £480,000 for 4 bedroom and £528,332 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 £962 for 1 bedroom to £1,172 for 2 bedrooms, £1,545 for 3 bedrooms, £1,751 for 4 bedrooms and £1,898 for 5 bedrooms house. But if you are interested in renting a 1 bedroom flat then rent per month can be around £771. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £985. You should be generally be expecting around average £848 rent per month for single bedroom property, £1,019 for 2 bedroom, £1,545 for 3 bedroom, £1,750 for 4 bedroom and approximately £1,898 for a 5 bedroom property in Smart Close, Romford, RM3 area.

Popular Houses in Smart Close, Romford, RM3

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 Smart Close, Romford, RM3