The Drive, London, E18

Street Guide For The Drive, London, E18

 
 

The Drive, London, E18 Map

Estimated Price: £613,167
Average Asking Price: £570,118
Price change in last one year: £72,499
Average Price Paid: £430,887
Average Rent Rates: £1,377

Ram Estate Agent
713 Cranbrook Road, Gants Hill, Ilford, Essex, IG2

Free House valuation

 

Property Prices Breakdown in The Drive, London, E18

Average Price for property in The Drive, London, E18 is around £613,167 which varies based on type of property you are interested in and ranges from £2,495,685 for detached house to around £540,586 for terraced house. Similarly flat is around £359,209. Values have been changing and have risen £8,611 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £19,695 in last 6 months, £72,499 in last 1 year, £126,843 in last 2 years, £137,071 in last 3 years, £140,995 in last 4 years and £152,081 in last 5 years.

Currently average asking price of a property in The Drive, London, E18 is around £570,118 based on approximately 13 properties for sale. Same is the case with rental options based on 66 properties up for rent, average asking rent is around £1,377 per month.

Estimated property value in The Drive, London, E18 is £613,167. Average asking price is £570,118 while average price paid is £285,576 which is up by £72,499 and Avg. asking rent £1,377.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, London, E18 area. In last 1 year alone average price buyer paid is around £285,576 based on approximately 13 sales in The Drive, London, E18 area alone. If you compare it to last 3 years sales of 21 properties where buyers paid around £384,642. 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 £430,887 for 34 and average amount paid for purchase of approx. 39 properties sold in last 7 years comes to about £408,504 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 2 bedroom is around £580,000, £533,749 for a 3 bedroom house, £701,842 for a 4 bedroom house and £994,500 for a 5 bedroom house. For a flat similarly the prices varies from £238,569 for a single bedroom to £338,862 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £424,000. To sum up the asking prices for properties in The Drive, London, E18 it comes to around average £238,569 for 1 bedroom property, £358,957 for 2 bedroom, £507,619 for 3 bedroom, £701,842 for 4 bedroom and £994,500 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 £1,564 for 2 bedroom to £1,599 for 3 bedroom, £2,076 for 4 bedroom and £2,600 for 5 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £980. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £1,311 and £1,674 for 3 bedroom. You should be generally be expecting around average £980 rent per month for single bedroom property, £1,351 for 2 bedroom, £1,659 for 3 bedroom, £2,076 for 4 bedroom and approximately £2,600 for a 5 bedroom property in The Drive, London, E18 area.

Popular Houses in The Drive, London, E18

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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Areas in and around The Drive, London, E18