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Aveley House Prices Aveley House Prices

The average house price in Aveley is £270,000 using HM Land Registry data.

The average property price increased by £62,103 (20.33%) over the last 5 years and increased by £12,412 (3.49%) over the last 12 months.

Over the last year, there were 77 residential property sales – a decrease of 38 transactions (-49.35%) relative to the previous year. The majority of house sales (31) were in the £380,000 - £440,000 range. Then came properties in the £320,000 - £380,000 range, where 14 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 52 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-10,866 (-2%).

In April 2024, there were 17 new estate agency instructions, 23 agreed home sales and 10 property price reductions.

Neighbouring Areas: Purfleet-on-Thames

Postcodes Covered: RM15

5-Year Average Property Prices in Aveley

20.33%

Property prices in Aveley increased by 20.33% in last 5 years.

The trend shows the general price tendency over the last 5 years, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Average Property Prices in Aveley Over the Last Year

3.49%

Property prices in Aveley increased by 3.49% in last 12 months.

The trend shows the general price tendency over the last 12 months, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Property Market Heat Gauge for Aveley - April 2024

Our Property Market Heat Gauge looks at how long properties in your postcode district have been on the open market before being changed to sold 'Subject to Contract' ('STC') or 'Under Offer' on Rightmove (the UK's leading property portal).

At 41 to 60 days, the broad evidence suggests that the market is reasonably slow moving. Although some sellers in your postcode may be willing to wait up to 9 weeks, this data would suggest that estate agents may be overvaluing properties. In such scenarios, some vendors may either choose to wait for the market to pick up (which may result in relisting the property at a later date).Others simply reduce the price to a level that will entice more buyer interest or approach a sell house fast or auction company like Property Solvers.

Please note that this is not an indicator of how quickly property sales are taking to complete (i.e. to go through the whole conveyancing process). This measurement also does not take into account the risk of home sales falling through.

No. of New Instructions Over the Last 12 Months in Aveley

Using local estate agency reported data, this chart illustrates the number of properties that have come on to the market.

No. of Agreed Home Sales Over the Last 12 Months in Aveley

Using local estate agency reported data, this chart illustrates the number of property sales agreed. Note that these figures are not fully reflective of properties completed (sold and registered as such at HM Land Registry).

No. of Properties with Price Reductions in Aveley

Using local estate agency reported data, this chart illustrates the number of properties which have been seen their prices dropped (typically due to a lack of buyer interest).

Average Annual House Prices in the Aveley since 1995

Using HM Land Registry data, this chart displays average annual house prices in the Aveley area since 1995.

Recent Property Sales in Aveley

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
28 Grange Road, Aveley, South Ockendon, Thurrock, RM15 4ER£415,000£415,000£0005 Oct 202308 Mar 2024155 Days
48 Grange Road, Aveley, South Ockendon, Thurrock, RM15 4ER£325,000£315,000-£10,00025 Oct 202308 Mar 2024135 Days
35 Nethan Drive, Aveley, South Ockendon, Thurrock, RM15 4RT£475,000£475,000£0022 Feb 202311 Dec 2023292 Days
71 Purfleet Road, Aveley, South Ockendon, Thurrock, RM15 4DS£625,000£605,000-£20,00007 Nov 202230 Nov 2023388 Days
37 Ravel Road, Aveley, South Ockendon, Thurrock, RM15 4NL£425,000£418,000-£7,00023 Jun 202321 Nov 2023151 Days
15 Alfred Road, Aveley, South Ockendon, Thurrock, RM15 4SU£490,000£480,000-£10,00012 Jun 202320 Nov 2023161 Days
11 Teviot Avenue, Aveley, South Ockendon, Thurrock, RM15 4QB£360,000£360,000£0002 Jun 202317 Nov 2023168 Days
22 Hall Avenue, Aveley, South Ockendon, Thurrock, RM15 4LB£375,000£366,000-£9,00010 Nov 202227 Oct 2023351 Days
80 Hall Road, Aveley, South Ockendon, Thurrock, RM15 4HR£425,000£425,000£0001 Jun 202313 Oct 2023134 Days
78 Hall Avenue, Aveley, South Ockendon, Thurrock, RM15 4LD£375,000£372,500-£2,50021 Mar 202309 Oct 2023202 Days
27 Nare Road, Aveley, South Ockendon, Thurrock, RM15 4RB£375,000£375,000£0006 Jun 202306 Oct 2023122 Days
28 Central Avenue, Aveley, South Ockendon, Thurrock, RM15 4JH£425,000£415,000-£10,00028 Mar 202303 Oct 2023189 Days
61 High Street, Aveley, South Ockendon, Thurrock, RM15 4AX£320,000£315,000-£5,00024 May 202329 Sep 2023128 Days
2 Ship Lane, Aveley, South Ockendon, Thurrock, RM15 4HB£325,000£305,000-£20,00008 Jun 202328 Sep 2023112 Days
22 Davis Road, Aveley, South Ockendon, Thurrock, RM15 4ST£375,000£375,000£0008 Mar 202321 Aug 2023166 Days
50 Usk Road, Aveley, South Ockendon, Thurrock, RM15 4PA£400,000£400,000£0013 Jun 202318 Aug 202366 Days
32 Ravel Gardens, Aveley, South Ockendon, Thurrock, RM15 4NH£449,995£447,500-£2,49504 May 202315 Aug 2023103 Days
33 Rowan Grove, Aveley, South Ockendon, Thurrock, RM15 4SW£550,000£533,000-£17,00017 Jan 202303 Aug 2023198 Days
17 Dacre Crescent, Aveley, South Ockendon, Thurrock, RM15 4TP£365,000£355,000-£10,00030 Apr 202302 Aug 202394 Days
1 Lowlands Road, Aveley, South Ockendon, Thurrock, RM15 4ED£540,000£530,000-£10,00026 Jan 202328 Jul 2023183 Days

Most Expensive Streets in Aveley

PostcodeStreetAreaAverageNo. of Sales
RM15 4EAPurfleet RoadAveley£566,5004
RM15 4DSPurfleet RoadAveley£527,5006
RM15 4SRMill RoadAveley£498,3758
RM15 4SWRowan GroveAveley£492,5559
RM15 4DRPurfleet RoadAveley£439,1666
RM15 4EBBlenheim GardensAveley£424,96414
RM15 4TAChichester CloseAveley£410,6663
RM15 4HSHall RoadAveley£410,0005
RM15 4ELManor CloseAveley£391,4995
RM15 4EUGarden MewsAveley£386,0004

Least Expensive Streets in Aveley

PostcodeStreetAreaAverageNo. of Sales
RM15 4QAPinfoldsTeviot Avenue£162,2005
RM15 4QHWaymansTeviot Avenue£166,4005
RM15 4AFLyn HouseHigh Street, Aveley£166,4005
RM15 4QLMeresmansTeviot Avenue£168,7504
RM15 4QSFranklynsTeviot Avenue£173,7508
RM15 4DQRegent CourtAveley£177,4005
RM15 4QPHaywardsTeviot Avenue£184,3754
RM15 4TTDacre CrescentAveley£224,1666
RM15 4BEHigh StreetAveley£265,2504
RM15 4DYMeadow DriveAveley£269,50014

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