Cranbrook House Prices, London
Cranbrook is an area, located in the borough Redbridge.
Cranbrook House Prices
![Cranbrook house prices chart Cranbrook house prices chart](https://image.howtoestate.com/@howtoestate-website-images/charts/house-prices-area-478.webp)
As of June, 2024, the average house prices in Cranbrook are as follows:
- studio – £5,001 (0%)
- 1 bedroom flat – £225,000 (5.88%)
- 2 bedroom flat – £350,000 (-6.35%)
- 3 bedroom flat – £575,000 (1.58%)
- 4 bedroom flat – £750,000 (0.88%)
- 5 bedroom flat – £725,000 (-3.07%)
Keep in mind that these are simply the average rates for Cranbrook house prices, so you can find quality properties for more or less than these numbers. In addition to this month’s sold house prices in Cranbrook, let’s explore how sales are trending this year.
Selling Trends
- As of June, 2024, the average Cranbrook house price is £650,000, high by 1.96% as of £637,500 in May, 2024.
- Currently, there are 31 houses for sale and an average of 2 property sales per month. Demand in the real estate market is low, so that price may fall.
Check back next month for updated Cranbrook house prices.
Cranbrook House Prices Growth
![Cranbrook house price growth Cranbrook house price growth](https://image.howtoestate.com/@howtoestate-website-images/charts/house-prices-growth-area-478.webp)
The average house price in Cranbrook over the last 5 years is as follows:
- 2019-06 – £347,290
- 2020-06 – £313,718 (-9.67%)
- 2021-06 – £374,446 (19.36%)
- 2022-06 – £349,949 (-6.54%)
- 2023-06 – £416,320 (18.97%)
- 2024-06 – £427,469 (2.68%)
Sold house prices in Cranbrook have increased from June, 2023 to June, 2024. Compared to June, 2019, house prices are now up 23%. Thanks to this overall increase, many sellers are generating attractive profits.
In addition to checking the average Cranbrook house prices, it’s also wise to keep an eye on house rent prices in Cranbrook. If you aren’t quite ready to buy or want to purchase an investment property, it’s a good idea to stay up-to-date on the latest rent rates!
Check back to HowToEstate soon for updated prices on renting, buying, and selling property in Cranbrook.