Vine Street, Romford, RM7

Street Guide For Vine Street, Romford, RM7

 
 

Vine Street, Romford, RM7 Map

Estimated Price: £289,460
Average Asking Price: £266,393
Price change in last one year: £26,349
Average Price Paid: £233,213
Average Rent Rates: £1,185

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

Free House valuation

 

Property Prices Breakdown in Vine Street, Romford, RM7

Average Price for property in Vine Street, Romford, RM7 is around £289,460 which varies based on type of property you are interested in and ranges from £266,075 for semi-detached to around £292,211 for terraced house. Values have been changing and have risen £3,390 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £10,390 in last 6 months, £26,349 in last 1 year, £50,263 in last 2 years, £51,288 in last 3 years, £52,701 in last 4 years and £53,116 in last 5 years.

Currently average asking price of a property in Vine Street, Romford, RM7 is around £266,393 based on approximately 2 properties for sale. Same is the case with rental options based on 29 properties up for rent, average asking rent is around £1,185 per month.

Estimated property value in Vine Street, Romford, RM7 is £289,460. Average asking price is £266,393 while average price paid is £290,000 which is up by £26,349 and Avg. asking rent £1,185.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 Vine Street, Romford, RM7 area. In last 1 year alone average price buyer paid is around £290,000 based on approximately 2 sales in Vine Street, Romford, RM7 area alone. If you compare it to last 3 years sales of 4 properties where buyers paid around £251,248. 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 £233,213 for 7 and average amount paid for purchase of approx. 11 properties sold in last 7 years comes to about £224,763 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 £276,667, £308,329 for a 3 bedroom house, £342,727 for a 4 bedroom house and £400,000 for a 5 bedroom house. For a flat similarly the prices varies from £143,832 for a single bedroom to £213,200 for a 2 bedroom Flat. To sum up the asking prices for properties in Vine Street, Romford, RM7 it comes to around average £143,832 for 1 bedroom property, £227,846 for 2 bedroom, £308,329 for 3 bedroom, £342,727 for 4 bedroom and £400,000 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 £1,300 for 1 bedroom to £1,148 for 2 bedrooms, £1,349 for 3 bedrooms, £1,349 for 4 bedrooms and £1,499 for 5 bedrooms house. But if you are interested in renting a 1 bedroom flat then rent per month can be around £839. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £1,029. You should be generally be expecting around average £931 rent per month for single bedroom property, £1,037 for 2 bedroom, £1,349 for 3 bedroom, £1,349 for 4 bedroom and approximately £1,499 for a 5 bedroom property in Vine Street, Romford, RM7 area.

Popular Houses in Vine Street, Romford, RM7

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 Vine Street, Romford, RM7