Average Price for property in The Drive, Cranbrook, Ilford, IG1 is around £380,883 which varies based on type of property you are interested in and ranges from £917,294 for detached house to around £576,469 for semi-detached. Similarly terraced house is around £458,897 and a flat is worth £199,814. Values have been changing and have risen £707 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £6,095 in last 6 months, £24,546 in last 1 year, £49,037 in last 2 years, £59,922 in last 3 years, £63,678 in last 4 years and £51,969 in last 5 years.
Currently average asking price of a property in The Drive, Cranbrook, Ilford, IG1 is around £331,638 based on approximately 11 properties for sale. Same is the case with rental options based on 366 properties up for rent, average asking rent is around £1,183 per month.
Estimated property value in The Drive, Cranbrook, Ilford, IG1 is £380,883. Average asking price is £331,638 while average price paid is £269,152 which is up by £24,546 and Avg. asking rent £1,183.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 The Drive, Cranbrook, Ilford, IG1 area. In last 1 year alone average price buyer paid is around £269,152 based on approximately 11 sales in The Drive, Cranbrook, Ilford, IG1 area alone. If you compare it to last 3 years sales of 27 properties where buyers paid around £347,228. 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 £317,123 for 37 and average amount paid for purchase of approx. 45 properties sold in last 7 years comes to about £296,368 per sale.