Aldgate

The Perfect Community for Families

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Area Guide For Aldgate

Aldgate is currently located in the East End of London. It was the gateway through the London Wall which would pave way from City of London to the Whitechapel. It gets the name from the City ward that is bounded by White Kennet Street in the North. The Southern border includes Crutched Friars. The area also include the likes of Leadenhall and Fenchurch Streets and falls 2.3 miles within the vicinity of Charring Cross.

 
 

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Schools
Family
Buildings
Church
Community

Overview

  • The Neighbors

    High rise buildings and many local industries.

  • Ideal for

    People who want to run local businesses.

  • Deal Sealer

    Good market for people who want to start a business.

  • Not for

    People who like peace and quiet.

  • You will Like

    City gate, City wall and Stepney Historical Trust.

Aldgate Map

Estimated Price: £708,730
Average Asking Price: £913,579
Price change in last one year: £77,681
Average Price Paid: £498,437
Average Rent Rates: £2,257

 
 

Property Prices Breakdown in Aldgate

Average Price for property in Aldgate is around £708,730 which varies based on type of property you are interested in and ranges from £1,096,732 for detached house to around £801,903 for semi-detached. Similarly terraced house is around £818,326 and a flat is worth £695,787. Values have been changing and have risen £6,818 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £12,684 in last 6 months, £77,681 in last 1 year, £138,984 in last 2 years, £166,614 in last 3 years, £170,163 in last 4 years and £176,541 in last 5 years.

Currently average asking price of a property in Aldgate is around £913,579 based on approximately 298 properties for sale. Same is the case with rental options based on 303 properties up for rent, average asking rent is around £2,257 per month.

Estimated property value in Aldgate is £708,730. Average asking price is £913,579 while average price paid is £575,565 which is up by £77,681 and Avg. asking rent £2,257.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 Aldgate area. In last 1 year alone average price buyer paid is around £575,565 based on approximately 298 sales in Aldgate area alone. If you compare it to last 3 years sales of 544 properties where buyers paid around £546,515. 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 £498,437 for 779 and average amount paid for purchase of approx. 1,042 properties sold in last 7 years comes to about £471,248 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 1 bedroom is around £706,000 and £969,500 for a 2 bedroom house. For a flat similarly the prices varies from £681,669 for a single bedroom to £946,622 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £1,908,300 and £1,260,000 for a 4 bedroom flat. To sum up the asking prices for properties in Aldgate it comes to around average £682,371 for 1 bedroom property, £946,879 for 2 bedroom, £1,908,300 for 3 bedroom and £1,260,000 for 4 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 £1,717 for 1 bedroom to £2,188 for 2 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £1,887. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £2,387 and £3,866 for 3 bedroom. You should be generally be expecting around average £1,883 rent per month for single bedroom property, £2,383 for 2 bedroom and approximately £3,866 for 3 bedroom property in Aldgate area.

Popular Houses in Aldgate

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.

Sold Properties in Aldgate

Sum it all up

 The Good

- Good marketing opportunities.
- Well-built buildings

 Best For

- Businessmen
- Families

 The Bad

- Traffic
 

Transportation in Aldgate

Browse by Streets in Aldgate