Values have been changing and have risen £1,589 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £5,528 in last 6 months, £17,375 in last 1 year, £35,339 in last 2 years, £35,760 in last 3 years, £37,227 in last 4 years and £36,697 in last 5 years.
Currently average asking price of a property in Wallace Road, Grays, RM17 is around £222,522 based on approximately 3 properties for sale. Same is the case with rental options based on 21 properties up for rent, average asking rent is around £895 per month.
Estimated property value in Wallace Road, Grays, RM17 is £212,743. Average asking price is £222,522 while average price paid is £230,333 which is up by £17,375 and Avg. asking rent £895.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 Wallace Road, Grays, RM17 area. In last 1 year alone average price buyer paid is around £230,333 based on approximately 3 sales in Wallace Road, Grays, RM17 area alone. If you compare it to last 3 years sales of 6 properties where buyers paid around £199,165. 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 £194,124 for 8 and average amount paid for purchase of approx. 13 properties sold in last 7 years comes to about £192,922 per sale.