Back Lane, London, NW3

Street Guide For Back Lane, London, NW3

 

Back Lane, London, NW3 Map

Estimated Price: £1,772,468
Average Asking Price: £2,346,925
Price change in last one year: £185,012
Average Price Paid: £1,600,000
Average Rent Rates: £5,412

 

Property Prices Breakdown in Back Lane, London, NW3

Average Price for property in Back Lane, London, NW3 is around £1,772,468 which varies based on type of property you are interested in and ranges from £1,313,184 for detached house to around £1,289,785 for semi-detached. Similarly terraced house is around £1,869,984 and a flat is worth £1,574,988. Values have been changing and have risen £38,373 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £101,683 in last 6 months, £185,012 in last 1 year, £325,143 in last 2 years, £449,541 in last 3 years, £440,036 in last 4 years and £499,708 in last 5 years.

Currently average asking price of a property in Back Lane, London, NW3 is around £2,346,925 based on approximately 0 properties for sale. Same is the case with rental options based on 1,376 properties up for rent, average asking rent is around £5,412 per month.

Estimated property value in Back Lane, London, NW3 is £1,772,468. Average asking price is £2,346,925 while average price paid is £1,600,000 which is up by £449,541 and Avg. asking rent £5,412.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 Back Lane, London, NW3 area. In last 3 years alone average price buyer paid is around £1,600,000 based on approximately 1 sales in Back Lane, London, NW3 area alone. If you compare it to last 5 years sales of 1 properties where buyers paid around £1,600,000. It has been same for some time now for e.g. if you take an average of amount paid in last 7 years, it comes to around £1,078,333 for 3 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 £499,950, £1,413,883 for a 2 bedroom house, £2,577,500 for a 3 bedroom house, £2,782,293 for a 4 bedroom house and £4,018,274 for a 5 bedroom house. For a flat similarly the prices varies from £580,383 for a single bedroom to £1,000,692 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £1,646,505, £2,981,128 for a 4 bedroom flat and £3,131,238 for a 5 bedroom flat. To sum up the asking prices for properties in Back Lane, London, NW3 it comes to around average £579,297 for 1 bedroom property, £1,025,319 for 2 bedroom, £1,777,799 for 3 bedroom, £2,884,327 for 4 bedroom and £3,826,482 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 £2,609 for 1 bedroom to £3,311 for 2 bedrooms, £4,903 for 3 bedrooms, £13,114 for 4 bedrooms and £10,279 for 5 bedrooms house. But if you are interested in renting a 1 bedroom flat then rent per month can be around £2,016. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £3,078, £4,496 for 3 bedroom, £6,035 for 4 bedroom and around £9,182 for 5 bedroom flat. You should be generally be expecting around average £2,060 rent per month for single bedroom property, £3,100 for 2 bedroom, £4,554 for 3 bedroom, £8,777 for 4 bedroom and approximately £10,113 for a 5 bedroom property in Back Lane, London, NW3 area.

Popular Houses in Back Lane, London, NW3

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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