Somersby Gardens, Ilford, IG4

Street Guide For Somersby Gardens, Ilford, IG4

 
 

Somersby Gardens, Ilford, IG4 Map

Estimated Price: £494,878
Average Asking Price: £445,227
Price change in last one year: £35,167
Average Price Paid: £438,666
Average Rent Rates: £1,244

Blue Satin Homes
Olympic House, 28-42 Clements Road, Ilford IG1 1BA

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Property Prices Breakdown in Somersby Gardens, Ilford, IG4

Average Price for property in Somersby Gardens, Ilford, IG4 is around £494,878 which varies based on type of property you are interested in and ranges from £676,769 for detached house to around £552,816 for semi-detached. Similarly terraced house is around £436,535. Values have been changing and have risen £1,677 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £9,542 in last 6 months, £35,167 in last 1 year, £68,353 in last 2 years, £83,165 in last 3 years, £88,521 in last 4 years and £74,212 in last 5 years.

Currently average asking price of a property in Somersby Gardens, Ilford, IG4 is around £445,227 based on approximately 4 properties for sale. Same is the case with rental options based on 16 properties up for rent, average asking rent is around £1,244 per month.

Estimated property value in Somersby Gardens, Ilford, IG4 is £494,878. Average asking price is £445,227 while average price paid is £492,500 which is up by £35,167 and Avg. asking rent £1,244.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 Somersby Gardens, Ilford, IG4 area. In last 1 year alone average price buyer paid is around £492,500 based on approximately 4 sales in Somersby Gardens, Ilford, IG4 area alone. If you compare it to last 3 years sales of 6 properties where buyers paid around £438,666. 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 £438,666 for 6 and average amount paid for purchase of approx. 12 properties sold in last 7 years comes to about £414,583 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 3 bedroom is around £447,499, £549,375 for a 4 bedroom house and £530,000 for a 5 bedroom house. For a flat the prices of single bedroom is £111,248. To sum up the asking prices for properties in Somersby Gardens, Ilford, IG4 it comes to around average £111,248 for 1 bedroom property, £447,499 for 3 bedroom, £549,375 for 4 bedroom and £530,000 for 5 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 can vary from £849 for 1 bedroom to £1,300 for 2 bedroom, £1,600 for 3 bedroom and £2,002 for 4 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £849. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £1,101 and £1,300 for 3 bedroom. You should be generally be expecting around average £849 rent per month for single bedroom property, £1,200 for 2 bedroom, £1,550 for 3 bedroom and approximately £2,002 for 4 bedroom property in Somersby Gardens, Ilford, IG4 area.

Popular Houses in Somersby Gardens, Ilford, IG4

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.

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