Values have been changing and have risen £399 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £4,386 in last 6 months, £21,161 in last 1 year, £40,994 in last 2 years, £47,604 in last 3 years, £49,969 in last 4 years and £41,441 in last 5 years.
Currently average asking price of a property in Spencer Road, Seven Kings, Ilford, IG3 is around £428,084 based on approximately 3 properties for sale. Same is the case with rental options based on 171 properties up for rent, average asking rent is around £1,226 per month.
Estimated property value in Spencer Road, Seven Kings, Ilford, IG3 is £284,415. Average asking price is £428,084 while average price paid is £258,333 which is up by £21,161 and Avg. asking rent £1,226.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 Spencer Road, Seven Kings, Ilford, IG3 area. In last 1 year alone average price buyer paid is around £258,333 based on approximately 3 sales in Spencer Road, Seven Kings, Ilford, IG3 area alone. If you compare it to last 3 years sales of 8 properties where buyers paid around £229,500. 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 £232,700 for 10 and average amount paid for purchase of approx. 12 properties sold in last 7 years comes to about £235,500 per sale.