Archway

A Relatively Cheap but Peaceful Neighbourhood

Area Guide For Archway

Archway, neighboured by Islington, Muswell Hill and Highgate, is one of the cheaper residential areas in North London and has been pulling more and more middle-class residents over the years. You can easily find grocery shops and small independent stores in the vicinity and the area is well connected in terms of transport as well. The streets in Archway are quiet but nice, and living here is desirable, especially if you want cheaper housing than its neighbours and access to good primary schools.

 
 

Tags

Family Friendly
Schools
Parks
Transportation

Overview

  • The Neighbors

    Some parts are a little shabby but improvements are being made. Most houses you'll find will be converted Victorian builds and council housing.

  • Ideal for

    Families and professionals.

  • Deal Sealer

    Good transport links and cheaper property.

  • Not for

    People looking for a more happening, active and high-end neighbourhood.

  • You will Like

    Proximity to Islington and recreational options.

Archway Map

Estimated Price: £649,592
Average Asking Price: £634,796
Price change in last one year: £73,048
Average Price Paid: £479,224
Average Rent Rates: £1,986

 
 

Property Prices Breakdown in Archway

Average Price for property in Archway is around £649,592 which varies based on type of property you are interested in and ranges from £1,031,415 for detached house to around £1,117,651 for semi-detached. Similarly terraced house is around £977,374 and a flat is worth £451,601. Values have been changing and have risen £6,599 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £17,050 in last 6 months, £73,048 in last 1 year, £136,705 in last 2 years, £154,452 in last 3 years, £163,860 in last 4 years and £180,045 in last 5 years.

Currently average asking price of a property in Archway is around £634,796 based on approximately 286 properties for sale. Same is the case with rental options based on 229 properties up for rent, average asking rent is around £1,986 per month.

Estimated property value in Archway is £649,592. Average asking price is £634,796 while average price paid is £595,530 which is up by £73,048 and Avg. asking rent £1,986.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 Archway area. In last 1 year alone average price buyer paid is around £595,530 based on approximately 286 sales in Archway area alone. If you compare it to last 3 years sales of 971 properties where buyers paid around £505,210. 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 £479,224 for 1,611 and average amount paid for purchase of approx. 2,104 properties sold in last 7 years comes to about £454,466 per sale.

 
 

Properties For Sale in Archway

 
 

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 £55,000, £524,975 for a 2 bedroom house, £773,329 for a 3 bedroom house, £1,097,204 for a 4 bedroom house and £1,459,570 for a 5 bedroom house. For a flat similarly the prices varies from £401,787 for a single bedroom to £505,616 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £588,044 and £1,143,330 for a 5 bedroom flat. To sum up the asking prices for properties in Archway it comes to around average £390,600 for 1 bedroom property, £506,284 for 2 bedroom, £662,158 for 3 bedroom, £1,097,204 for 4 bedroom and £1,396,322 for a 5 bedroom property.

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 £1,193 for 1 bedroom to £1,764 for 2 bedrooms, £2,893 for 3 bedrooms, £3,402 for 4 bedrooms and £4,117 for 5 bedrooms house. But if you are interested in renting a 1 bedroom flat then rent per month can be around £1,395. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £1,735, £2,439 for 3 bedroom, £2,836 for 4 bedroom and around £2,961 for 5 bedroom flat. You should be generally be expecting around average £1,386 rent per month for single bedroom property, £1,737 for 2 bedroom, £2,583 for 3 bedroom, £3,090 for 4 bedroom and approximately £3,250 for a 5 bedroom property in Archway area.

Popular Houses in Archway

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 Archway

Sum it all up

 The Good

- Relatively cheaper housing
- Access to Islington, Muswell Hill and Highgate
- Nearby parks
- Good primary schools
 

 Best For

- Young families
- Professionals

 The Bad

- Not very happening
- No high-end cafes or restaurants
- Can be a little rough around the edges

Transportation in Archway

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