Bethnal Green

A ‘raw’ neighbourhood with cheap housing and artsy tenants

Area Guide For Bethnal Green

Located in the London Borough of Tower Hamlets, Bethnal Green was once London’s poorest neighbourhood but has since recovered as a residential area with a lot of diversity when it comes to both residents and properties.

 
 

Tags

Affordable
Pubs
Shopping
Artists

Overview

  • The Neighbors

    Something for every budget, from council flats to converted warehouses, lofts and terraces.

  • Ideal for

    Youngsters, professionals and Bangladeshi community.

  • Deal Sealer

    Excellent transportation links.

  • Not for

    People looking for more posh and traditional neighbourhoods.

  • You will Like

    Recreational facilities and Parks.

Bethnal Green Map

Estimated Price: £457,433
Average Asking Price: £547,527
Price change in last one year: £47,648
Average Price Paid: £354,132
Average Rent Rates: £2,163

 
 

Property Prices Breakdown in Bethnal Green

Average Price for property in Bethnal Green is around £457,433 which varies based on type of property you are interested in and ranges from £736,580 for detached house to around £664,400 for semi-detached. Similarly terraced house is around £696,120 and a flat is worth £421,138. Values have been changing and have risen £3,605 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £6,972 in last 6 months, £47,648 in last 1 year, £90,951 in last 2 years, £99,924 in last 3 years, £104,621 in last 4 years and £116,434 in last 5 years.

Currently average asking price of a property in Bethnal Green is around £547,527 based on approximately 424 properties for sale. Same is the case with rental options based on 450 properties up for rent, average asking rent is around £2,163 per month.

Estimated property value in Bethnal Green is £457,433. Average asking price is £547,527 while average price paid is £428,624 which is up by £47,648 and Avg. asking rent £2,163.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 Bethnal Green area. In last 1 year alone average price buyer paid is around £428,624 based on approximately 424 sales in Bethnal Green area alone. If you compare it to last 3 years sales of 1,295 properties where buyers paid around £378,253. 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 £354,132 for 2,015 and average amount paid for purchase of approx. 2,662 properties sold in last 7 years comes to about £337,371 per sale.

 
 

Properties For Sale in Bethnal Green

 
 

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 £475,000, £596,421 for a 2 bedroom house, £801,989 for a 3 bedroom house, £524,995 for a 4 bedroom house and £1,500,000 for a 5 bedroom house. For a flat similarly the prices varies from £418,454 for a single bedroom to £530,453 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £652,089, £498,332 for a 4 bedroom flat and £800,000 for a 5 bedroom flat. To sum up the asking prices for properties in Bethnal Green it comes to around average £420,548 for 1 bedroom property, £536,298 for 2 bedroom, £673,504 for 3 bedroom, £500,998 for 4 bedroom and £1,266,667 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 £1,640 for 1 bedroom to £1,913 for 2 bedroom, £2,810 for 3 bedroom and £3,083 for 4 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £1,637. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £2,122, £2,594 for 3 bedroom, £3,247 for 4 bedroom and around £737 for 5 bedroom flat. You should be generally be expecting around average £1,637 rent per month for single bedroom property, £2,112 for 2 bedroom, £2,679 for 3 bedroom, £3,211 for 4 bedroom and approximately £737 for a 5 bedroom property in Bethnal Green area.

Popular Houses in Bethnal Green

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 Bethnal Green

Sum it all up

 The Good

- Recreation and Parks
 - Good transport links
- Several pubs
- Cheap housing
- Cultural mix

 Best For

- Singles
- Young couples
- Students
- Working professionals
- South Asians

 The Bad

- Rundown areas
- Not a lot of up-market shops
- Not traditional London

Transportation in Bethnal Green

Browse by Streets in Bethnal Green