Severn Drive, Cranham, Upminster, RM14

Street Guide For Severn Drive, Cranham, Upminster, RM14

 
 

Severn Drive, Cranham, Upminster, RM14 Map

Estimated Price: £377,613
Average Asking Price: £511,278
Price change in last one year: £33,381
Average Price Paid: £309,399
Average Rent Rates: £1,273

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

Free House valuation

 

Property Prices Breakdown in Severn Drive, Cranham, Upminster, RM14

Average Price for property in Severn Drive, Cranham, Upminster, RM14 is around £377,613 which varies based on type of property you are interested in and ranges from £693,402 for detached house to around £422,679 for semi-detached. Similarly terraced house is around £318,671. Values have been changing and have risen £2,870 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £10,016 in last 6 months, £33,381 in last 1 year, £61,864 in last 2 years, £59,860 in last 3 years, £65,127 in last 4 years and £61,618 in last 5 years.

Currently average asking price of a property in Severn Drive, Cranham, Upminster, RM14 is around £511,278 based on approximately 7 properties for sale. Same is the case with rental options based on 35 properties up for rent, average asking rent is around £1,273 per month.

Estimated property value in Severn Drive, Cranham, Upminster, RM14 is £377,613. Average asking price is £511,278 while average price paid is £362,713 which is up by £33,381 and Avg. asking rent £1,273.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 Severn Drive, Cranham, Upminster, RM14 area. In last 1 year alone average price buyer paid is around £362,713 based on approximately 7 sales in Severn Drive, Cranham, Upminster, RM14 area alone. If you compare it to last 3 years sales of 20 properties where buyers paid around £325,874. 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 £309,399 for 30 and average amount paid for purchase of approx. 37 properties sold in last 7 years comes to about £299,432 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 £386,429, £427,911 for a 3 bedroom house, £629,642 for a 4 bedroom house and £767,950 for a 5 bedroom house. For a flat similarly the prices varies from £268,332 for a 2 bedroom to £230,000 for a 3 bedroom Flat. To sum up the asking prices for properties in Severn Drive, Cranham, Upminster, RM14 it comes to around average £331,922 for 2 bedroom property, £422,257 for 3 bedroom, £629,642 for 4 bedroom and £767,950 for 5 bedroom.

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 £693 for 1 bedroom to £1,473 for 2 bedrooms, £1,403 for 3 bedrooms, £1,798 for 4 bedrooms and £2,700 for 5 bedrooms house. But if you are interested in renting a 1 bedroom flat then rent per month can be around £849. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £1,142 and £1,001 for 3 bedroom. You should be generally be expecting around average £771 rent per month for single bedroom property, £1,184 for 2 bedroom, £1,369 for 3 bedroom, £1,798 for 4 bedroom and approximately £2,700 for a 5 bedroom property in Severn Drive, Cranham, Upminster, RM14 area.

Popular Houses in Severn Drive, Cranham, Upminster, RM14

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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Areas in and around Severn Drive, Cranham, Upminster, RM14