Borough, The

An Affluent Town With Strong Community Spirit

Area Guide For Borough, The

Being the heart of SE1, it is one of London’s most central places, and colourful at that too. There is a wide variety available, both in terms of price and construction, when it comes to the residential premises. Add to it the excellent museums, shops, and transport system, and Borough becomes one of London’s most desired localities.

 
 

Tags

Schools
Pubs
Restaurants
Houses
Park life
Shops
Transportation

Overview

  • The Neighbors

    There is a wide range of residential property available in this suburb. Majority of the residential premises are period houses, but there are also a number of flats and new building blocks.

  • Ideal for

    Young Professionals, Families, First time buyers, city workers, commuters and students.

  • Deal Sealer

    Borough Market, The Cut, Thames Walk, Transport.

  • Not for

    People aiming for rural surroundings.

  • You will Like

    Schools, Gastro Pubs, Bakeries and Museums .

Borough, The Map

Estimated Price: £576,095
Average Asking Price: £1,258,888
Price change in last one year: £55,091
Average Price Paid: £453,115
Average Rent Rates: £2,336

 
 

Property Prices Breakdown in Borough, The

Average Price for property in Borough, The is around £576,095 which varies based on type of property you are interested in and ranges from £714,010 for detached house to around £623,555 for semi-detached. Similarly terraced house is around £673,414 and a flat is worth £571,470. Values have been changing and have risen £4,141 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £13,877 in last 6 months, £55,091 in last 1 year, £114,464 in last 2 years, £140,948 in last 3 years, £133,700 in last 4 years and £157,524 in last 5 years.

Currently average asking price of a property in Borough, The is around £1,258,888 based on approximately 102 properties for sale. Same is the case with rental options based on 1,055 properties up for rent, average asking rent is around £2,336 per month.

Estimated property value in Borough, The is £576,095. Average asking price is £1,258,888 while average price paid is £545,060 which is up by £55,091 and Avg. asking rent £2,336.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 Borough, The area. In last 1 year alone average price buyer paid is around £545,060 based on approximately 102 sales in Borough, The area alone. If you compare it to last 3 years sales of 254 properties where buyers paid around £488,889. 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 £453,115 for 405 and average amount paid for purchase of approx. 618 properties sold in last 7 years comes to about £419,284 per sale.

 
 

Properties For Sale in Borough, The

 
 

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 £707,425, £1,376,625 for a 2 bedroom house, £1,508,398 for a 3 bedroom house, £1,252,222 for a 4 bedroom house and £1,399,998 for a 5 bedroom house. For a flat similarly the prices varies from £734,623 for a single bedroom to £1,154,299 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £2,131,218, £4,883,105 for a 4 bedroom flat and £2,970,000 for a 5 bedroom flat. To sum up the asking prices for properties in Borough, The it comes to around average £733,898 for 1 bedroom property, £1,166,795 for 2 bedroom, £2,044,232 for 3 bedroom, £3,716,035 for 4 bedroom and £2,381,249 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 £1,609 for 1 bedroom to £2,523 for 2 bedroom, £3,121 for 3 bedroom and £3,600 for 4 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £1,829. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £2,494, £4,088 for 3 bedroom and £3,475 for 4 bedroom. You should be generally be expecting around average £1,815 rent per month for single bedroom property, £2,496 for 2 bedroom, £3,936 for 3 bedroom and approximately £3,506 for 4 bedroom property in Borough, The area.

Popular Houses in Borough, The

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 Borough, The

Sum it all up

 The Good

- Good Gastro Pubs
- Variety in Housing
- Excellent Schools
- Excellent Transport Infrastructure
- Shops

 Best For

- Young Professionals
- Commuters
- Families
- First Time buyers

 The Bad

- Small Houses
- High Crime Rate

 

Transportation in Borough, The

Browse by Streets in Borough, The