Balham

A relaxed and friendly neighbourhood with modern facilities

Area Guide For Balham

Being close to Clapham, Balham shares nearly the same features and is a pretty friendly neighbourhood. With three commons in the vicinity, lots of restaurants and good connectivity, it is no surprise that Balham attracts young professionals and families.

 
 

Tags

Friendly
Family
Good Transport
Reasonable Rent

Overview

  • The Neighbors

    Relatively cheap housing and a casual atmosphere.

  • Ideal for

    Youngsters and families

  • Deal Sealer

    Lots of restaurants, pubs and shops.

  • Not for

    People looking for a more happening and bustling neighbourhood.

  • You will Like

    Easy commute and three commons.

Balham Map

Estimated Price: £845,417
Average Asking Price: £827,002
Price change in last one year: £87,871
Average Price Paid: £590,389
Average Rent Rates: £2,217

 
 

Property Prices Breakdown in Balham

Average Price for property in Balham is around £845,417 which varies based on type of property you are interested in and ranges from £2,005,758 for detached house to around £1,516,015 for semi-detached. Similarly terraced house is around £1,067,726 and a flat is worth £530,054. Values have been changing and have risen £316 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £1,346 in last 6 months, £87,871 in last 1 year, £165,897 in last 2 years, £220,671 in last 3 years, £244,658 in last 4 years and £246,313 in last 5 years.

Currently average asking price of a property in Balham is around £827,002 based on approximately 644 properties for sale. Same is the case with rental options based on 427 properties up for rent, average asking rent is around £2,217 per month.

Estimated property value in Balham is £845,417. Average asking price is £827,002 while average price paid is £737,609 which is up by £87,871 and Avg. asking rent £2,217.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 Balham area. In last 1 year alone average price buyer paid is around £737,609 based on approximately 644 sales in Balham area alone. If you compare it to last 3 years sales of 2,250 properties where buyers paid around £639,834. 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 £590,389 for 3,784 and average amount paid for purchase of approx. 4,848 properties sold in last 7 years comes to about £565,443 per sale.

 
 

Properties For Sale in Balham

 
 

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 £395,808, £684,987 for a 2 bedroom house, £888,782 for a 3 bedroom house, £1,131,301 for a 4 bedroom house and £1,500,623 for a 5 bedroom house. For a flat similarly the prices varies from £397,861 for a single bedroom to £567,271 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £662,109, £937,475 for a 4 bedroom flat and £1,450,000 for a 5 bedroom flat. To sum up the asking prices for properties in Balham it comes to around average £397,615 for 1 bedroom property, £580,958 for 2 bedroom, £782,680 for 3 bedroom, £1,114,447 for 4 bedroom and £1,498,598 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 £1,227 for 1 bedroom to £1,856 for 2 bedrooms, £3,368 for 3 bedrooms, £3,786 for 4 bedrooms and £3,929 for 5 bedrooms house. But if you are interested in renting a 1 bedroom flat then rent per month can be around £1,596. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £2,020, £2,772 for 3 bedroom and £2,684 for 4 bedroom. You should be generally be expecting around average £1,567 rent per month for single bedroom property, £2,001 for 2 bedroom, £2,961 for 3 bedroom, £3,602 for 4 bedroom and approximately £3,929 for a 5 bedroom property in Balham area.

Popular Houses in Balham

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 Balham

Sum it all up

 The Good

Casual and Friendly
Great transport links
Lots of pubs and bars
Access to three Commons
Lots of greenery and open space
Lowest council tax

 Best For

Families
Young Couples

 The Bad

Can be too calm and slow for some people
Rising house prices

Transportation in Balham

Browse by Streets in Balham