Redbridge (London Borough)

Area Guide For Redbridge (London Borough)

 
 

Redbridge (London Borough) Map

Estimated Price: £383,335
Average Asking Price: £447,089
Price change in last one year: £18,483
Average Price Paid: £315,726
Average Rent Rates: £1,321

 
 

Property Prices Breakdown in Redbridge (London Borough)

Average Price for property in Redbridge (London Borough) is around £383,335 which varies based on type of property you are interested in and ranges from £750,679 for detached house to around £485,180 for semi-detached. Similarly terraced house is around £370,755 and a flat is worth £248,060. Values have been changing and have risen £905 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £1,126 in last 6 months, £18,483 in last 1 year, £65,978 in last 2 years, £82,950 in last 3 years, £83,273 in last 4 years and £87,677 in last 5 years.

Currently average asking price of a property in Redbridge (London Borough) is around £447,089 based on approximately 2,801 properties for sale. Same is the case with rental options based on 800 properties up for rent, average asking rent is around £1,321 per month.

Estimated property value in Redbridge (London Borough) is £383,335. Average asking price is £447,089 while average price paid is £352,661 which is up by £18,483 and Avg. asking rent £1,321.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 Redbridge (London Borough) area. In last 1 year alone average price buyer paid is around £352,661 based on approximately 2,801 sales in Redbridge (London Borough) area alone. If you compare it to last 3 years sales of 8,131 properties where buyers paid around £327,199. 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 £315,726 for 12,998 and average amount paid for purchase of approx. 2,801 properties sold in last 7 years comes to about £352,661 per sale.

 
 
 
 
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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