Snaresbrook

Tributary of River Roding

Area Guide For Snaresbrook

Snaresbrook is an area located in the North-Eastern part of London. While most of Snaresbrook falls under London Borough of Redbridge, there is a little part that also falls under London Borough of Waltham Forest. The whole area was a part of Essex, but was later taken out. The area consists of local businesses and well-built houses with a small community. The most prominent building in the area is the Snaresbrook Court. 

 
 

Tags

Schools
Transportation
Cheap housing

Overview

  • The Neighbors

    A very small community living in well-built houses.

  • Ideal for

    People who can easily commute to other places.

  • Deal Sealer

    The scenic beauty.

  • Not for

    People who want to live a luxurious life.

  • You will Like

    Borders of the area which comprise of forests, river and other beautiful sights.

Snaresbrook Map

Estimated Price: £475,802
Average Asking Price: £525,786
Price change in last one year: £60,690
Average Price Paid: £337,428
Average Rent Rates: £1,510

 
 

Property Prices Breakdown in Snaresbrook

Average Price for property in Snaresbrook is around £475,802 which varies based on type of property you are interested in and ranges from £1,069,754 for detached house to around £712,959 for semi-detached. Similarly terraced house is around £522,774 and a flat is worth £325,188. Values have been changing and have risen £6,922 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £15,904 in last 6 months, £60,690 in last 1 year, £97,389 in last 2 years, £110,810 in last 3 years, £117,671 in last 4 years and £127,525 in last 5 years.

Currently average asking price of a property in Snaresbrook is around £525,786 based on approximately 326 properties for sale. Same is the case with rental options based on 108 properties up for rent, average asking rent is around £1,510 per month.

Estimated property value in Snaresbrook is £475,802. Average asking price is £525,786 while average price paid is £386,201 which is up by £60,690 and Avg. asking rent £1,510.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 Snaresbrook area. In last 1 year alone average price buyer paid is around £386,201 based on approximately 326 sales in Snaresbrook area alone. If you compare it to last 3 years sales of 933 properties where buyers paid around £352,179. 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 £337,428 for 1,584 and average amount paid for purchase of approx. 2,218 properties sold in last 7 years comes to about £324,796 per sale.

 
 

Properties For Sale in Snaresbrook

 
 

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 £531,667, £553,500 for a 3 bedroom house, £732,102 for a 4 bedroom house and £1,004,500 for a 5 bedroom house. For a flat similarly the prices varies from £224,582 for a single bedroom to £338,087 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £401,154. To sum up the asking prices for properties in Snaresbrook it comes to around average £224,582 for 1 bedroom property, £353,783 for 2 bedroom, £467,391 for 3 bedroom, £732,102 for 4 bedroom and £1,004,500 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 £1,101 for 1 bedroom to £1,524 for 2 bedrooms, £1,850 for 3 bedrooms, £2,346 for 4 bedrooms and £2,600 for 5 bedrooms house. But if you are interested in renting a 1 bedroom flat then rent per month can be around £962. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £1,307, £1,517 for 3 bedroom and £2,188 for 4 bedroom. You should be generally be expecting around average £968 rent per month for single bedroom property, £1,338 for 2 bedroom, £1,619 for 3 bedroom, £2,320 for 4 bedroom and approximately £2,600 for a 5 bedroom property in Snaresbrook area.

Popular Houses in Snaresbrook

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.

Sold Properties in Snaresbrook

Sum it all up

 The Good

- Beautiful view
- Peace and quiet
- Cheaper houses
- Good educational facilities

 Best For

- Old families
- Commuters

 The Bad

- Fewer economic centres

Transportation in Snaresbrook

Browse by Streets in Snaresbrook