Values have been changing and have risen £472 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £5,175 in last 6 months, £24,959 in last 1 year, £48,352 in last 2 years, £56,148 in last 3 years, £58,936 in last 4 years and £48,876 in last 5 years.
Currently average asking price of a property in Vernon Road, 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 Vernon Road, Ilford, IG3 is £328,994. Average asking price is £428,084 while average price paid is £299,500 which is up by £24,959 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 Vernon Road, Ilford, IG3 area. In last 1 year alone average price buyer paid is around £299,500 based on approximately 3 sales in Vernon Road, Ilford, IG3 area alone. If you compare it to last 3 years sales of 7 properties where buyers paid around £301,071. 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 £289,250 for 10 and average amount paid for purchase of approx. 13 properties sold in last 7 years comes to about £270,961 per sale.