The Ridings, Romford Road, Chigwell, IG7

Street Guide For The Ridings, Romford Road, Chigwell, IG7

 
 

The Ridings, Romford Road, Chigwell, IG7 Map

Estimated Price: £209,414
Average Asking Price: £749,951
Price change in last one year: £15,085
Average Price Paid: £168,375
Average Rent Rates: £2,351

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Property Prices Breakdown in The Ridings, Romford Road, Chigwell, IG7

Average Price for property in The Ridings, Romford Road, Chigwell, IG7 is around £209,414 which varies based on type of property you are interested in and ranges from £169,144 for semi-detached to around £210,905 for a flat. Values have been changing and have risen £578 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £3,512 in last 6 months, £15,085 in last 1 year, £27,987 in last 2 years, £36,378 in last 3 years, £38,169 in last 4 years and £34,443 in last 5 years.

Currently average asking price of a property in The Ridings, Romford Road, Chigwell, IG7 is around £749,951 based on approximately 2 properties for sale. Same is the case with rental options based on 58 properties up for rent, average asking rent is around £2,351 per month.

Estimated property value in The Ridings, Romford Road, Chigwell, IG7 is £209,414. Average asking price is £749,951 while average price paid is £200,750 which is up by £15,085 and Avg. asking rent £2,351.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 Ridings, Romford Road, Chigwell, IG7 area. In last 1 year alone average price buyer paid is around £200,750 based on approximately 2 sales in The Ridings, Romford Road, Chigwell, IG7 area alone. If you compare it to last 3 years sales of 10 properties where buyers paid around £170,550. 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 £168,375 for 12 and average amount paid for purchase of approx. 16 properties sold in last 7 years comes to about £161,593 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 £321,250, £401,248 for a 3 bedroom house, £819,674 for a 4 bedroom house and £1,219,000 for a 5 bedroom house. For a flat similarly the prices varies from £208,333 for a single bedroom to £367,009 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £638,571 and £725,000 for a 4 bedroom flat. To sum up the asking prices for properties in The Ridings, Romford Road, Chigwell, IG7 it comes to around average £208,333 for 1 bedroom property, £360,472 for 2 bedroom, £439,882 for 3 bedroom, £813,936 for 4 bedroom and £1,219,000 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 £1,049 for 2 bedroom to £1,503 for 3 bedroom, £2,259 for 4 bedroom and £4,732 for 5 bedroom. But if you are interested in renting a 2 bedroom flat then rent per month can be around £1,638. As the no. of bedroom increase so will the rent e.g. for a 3 bedroom flat it will be around £2,833. You should be generally be expecting around average £1,614 rent per month for 2 bedroom property, £1,810 for 3 bedroom, £2,259 for 4 bedroom and approximately £4,732 for 5 bedroom property in The Ridings, Romford Road, Chigwell, IG7 area.

Popular Houses in The Ridings, Romford Road, Chigwell, IG7

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.

Areas in and around The Ridings, Romford Road, Chigwell, IG7