Canning Town

Heart of Rock 'n' Roll

Area Guide For Canning Town

Canning Town is a district in East London. This area is a part of the London Borough of Newham. Located right in the Northern part of River Thames, Canning Town became a location for the Rathbone market. Despite the fact that there have been several developments in this area, it is still one of the most deprived areas in UK. The local people suffer from health, educatoin and poverty problems. However, now the government is trying to revamp the area altogether and it is currently going through a lot of significant changes.

 
 

Tags

Poor health
poor education
poverty
low cost housing

Overview

  • The Neighbors

    Low cost housing with poor educational and health facilities.

  • Ideal for

    Labour class and people who want extremely cheap housing.

  • Deal Sealer

    Considered to be heart of music.

  • Not for

    People who want good facilities at all times.

  • You will Like

    Ground of West Ham Football Club and The Royal Oak.

Canning Town Map

Estimated Price: £362,624
Average Asking Price: £450,668
Price change in last one year: £42,805
Average Price Paid: £249,733
Average Rent Rates: £1,699

 
 

Property Prices Breakdown in Canning Town

Average Price for property in Canning Town is around £362,624 which varies based on type of property you are interested in and ranges from £436,593 for detached house to around £336,219 for semi-detached. Similarly terraced house is around £328,070 and a flat is worth £383,177. Values have been changing and have risen £4,201 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £9,345 in last 6 months, £42,805 in last 1 year, £72,305 in last 2 years, £82,539 in last 3 years, £82,603 in last 4 years and £89,576 in last 5 years.

Currently average asking price of a property in Canning Town is around £450,668 based on approximately 498 properties for sale. Same is the case with rental options based on 494 properties up for rent, average asking rent is around £1,699 per month.

Estimated property value in Canning Town is £362,624. Average asking price is £450,668 while average price paid is £282,928 which is up by £42,805 and Avg. asking rent £1,699.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 Canning Town area. In last 1 year alone average price buyer paid is around £282,928 based on approximately 498 sales in Canning Town area alone. If you compare it to last 3 years sales of 1,301 properties where buyers paid around £256,625. 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 £249,733 for 1,877 and average amount paid for purchase of approx. 2,820 properties sold in last 7 years comes to about £255,651 per sale.

 
 

Properties For Sale in Canning Town

 
 

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 £325,500, £378,181 for a 2 bedroom house, £404,968 for a 3 bedroom house, £650,803 for a 4 bedroom house and £465,000 for a 5 bedroom house. For a flat similarly the prices varies from £361,034 for a single bedroom to £441,542 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £827,271. To sum up the asking prices for properties in Canning Town it comes to around average £360,023 for 1 bedroom property, £438,224 for 2 bedroom, £686,503 for 3 bedroom, £650,803 for 4 bedroom and £465,000 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 £694 for 1 bedroom to £1,388 for 2 bedrooms, £1,691 for 3 bedrooms, £1,817 for 4 bedrooms and £2,003 for 5 bedrooms house. But if you are interested in renting a 1 bedroom flat then rent per month can be around £1,227. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £1,621 and £2,852 for 3 bedroom. You should be generally be expecting around average £1,211 rent per month for single bedroom property, £1,613 for 2 bedroom, £2,520 for 3 bedroom, £1,817 for 4 bedroom and approximately £2,003 for a 5 bedroom property in Canning Town area.

Popular Houses in Canning Town

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 Canning Town

Sum it all up

 The Good

- Closeness to music and sports
- Recreational activities have led to more working opportunities

 Best For

- People who love art and culture
- Younger people looking for employment

 The Bad

- Poor health facilities
- Poor educational facilities

 

Transportation in Canning Town

Browse by Streets in Canning Town