Canary Wharf

A Booming business district for the ambitious

Area Guide For Canary Wharf

Despite setbacks in the latter part of the 20th century, the Canary Wharf of today is testament to what human vision and ambition can achieve. Apart from being home to some of UK’s tallest skyscrapers, Canary Wharf now houses major corporations and is an investment hub for the ambitious.

 
 

Tags

Tall Buildings
Business District
Urban
Modern Facilities
Excellent Transport

Overview

  • The Neighbors

    Modern and safe, with several community events organized regularly, a museum and a farm.

  • Ideal for

    Busy professionals and businessmen who value time and conveniences.

  • Deal Sealer

    One of London’s best transportation networks.

  • Not for

    People looking for calmer, less urbanized neighbourhoods.

  • You will Like

    Interconnected shopping malls, great places to eat and a large art collection.

Canary Wharf Map

Estimated Price: £537,685
Average Asking Price: £600,715
Price change in last one year: £57,013
Average Price Paid: £398,678
Average Rent Rates: £2,569

 
 

Property Prices Breakdown in Canary Wharf

Average Price for property in Canary Wharf is around £537,685 which varies based on type of property you are interested in and ranges from £677,193 for detached house to around £564,172 for semi-detached. Similarly terraced house is around £588,478 and a flat is worth £531,750. Values have been changing and have risen £6,178 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £13,866 in last 6 months, £57,013 in last 1 year, £112,916 in last 2 years, £123,752 in last 3 years, £128,550 in last 4 years and £130,340 in last 5 years.

Currently average asking price of a property in Canary Wharf is around £600,715 based on approximately 1,008 properties for sale. Same is the case with rental options based on 1,863 properties up for rent, average asking rent is around £2,569 per month.

Estimated property value in Canary Wharf is £537,685. Average asking price is £600,715 while average price paid is £461,890 which is up by £57,013 and Avg. asking rent £2,569.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 Canary Wharf area. In last 1 year alone average price buyer paid is around £461,890 based on approximately 1,008 sales in Canary Wharf area alone. If you compare it to last 3 years sales of 2,887 properties where buyers paid around £421,102. 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 £398,678 for 5,229 and average amount paid for purchase of approx. 7,191 properties sold in last 7 years comes to about £392,299 per sale.

 
 

Properties For Sale in Canary Wharf

 
 

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 £470,555, £482,294 for a 2 bedroom house, £780,000 for a 3 bedroom house, £917,994 for a 4 bedroom house and £763,750 for a 5 bedroom house. For a flat similarly the prices varies from £443,148 for a single bedroom to £648,296 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £1,183,766 and £3,443,332 for a 4 bedroom flat. To sum up the asking prices for properties in Canary Wharf it comes to around average £443,792 for 1 bedroom property, £642,266 for 2 bedroom, £1,131,277 for 3 bedroom, £2,000,282 for 4 bedroom and £763,750 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 £1,020 for 1 bedroom to £2,150 for 2 bedrooms, £2,929 for 3 bedrooms, £3,536 for 4 bedrooms and £3,231 for 5 bedrooms house. But if you are interested in renting a 1 bedroom flat then rent per month can be around £1,576. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £2,884, £4,258 for 3 bedroom and £11,124 for 4 bedroom. You should be generally be expecting around average £1,537 rent per month for single bedroom property, £2,849 for 2 bedroom, £4,103 for 3 bedroom, £7,330 for 4 bedroom and approximately £3,231 for a 5 bedroom property in Canary Wharf area.

Popular Houses in Canary Wharf

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.

Sum it all up

 The Good

- Excellent Transportation
- Cheaper than central London
- Modern and safe
- Great for shopping
- Fusion of modernisation and culture
 

 Best For

- Professionals
- Corporate presence
- Frequent travelers
- Businessmen
- Busy families
 

 The Bad

- Lack of residential activity
- Can be noisy
- Focused on a busy lifestyle
- Apartments with views are expensive
 

Transportation in Canary Wharf

Browse by Streets in Canary Wharf