Average Price for property in Somerset Gardens, Hornchurch, RM11 is around £291,324 which varies based on type of property you are interested in and ranges from £289,986 for detached house to around £330,117 for semi-detached. Similarly terraced house is around £270,812. Values have been changing and have risen £2,775 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £9,501 in last 6 months, £26,654 in last 1 year, £50,421 in last 2 years, £52,487 in last 3 years, £53,981 in last 4 years and £51,966 in last 5 years.
Currently average asking price of a property in Somerset Gardens, Hornchurch, RM11 is around £661,560 based on approximately 5 properties for sale. Same is the case with rental options based on 22 properties up for rent, average asking rent is around £1,394 per month.
Estimated property value in Somerset Gardens, Hornchurch, RM11 is £291,324. Average asking price is £661,560 while average price paid is £318,700 which is up by £26,654 and Avg. asking rent £1,394.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 Somerset Gardens, Hornchurch, RM11 area. In last 1 year alone average price buyer paid is around £318,700 based on approximately 5 sales in Somerset Gardens, Hornchurch, RM11 area alone. If you compare it to last 3 years sales of 9 properties where buyers paid around £278,722. 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 £258,624 for 16 and average amount paid for purchase of approx. 22 properties sold in last 7 years comes to about £246,499 per sale.