Charing Cross

Area Guide For Charing Cross

Charing Cross denotes the junction of Strand, Whitehall and Cockspur Street, just south of Trafalgar Square in central London. It gives its name to several local landmarks, including Charing Cross railway station one of the main London rail terminals. Charing Cross is the busiest and most important stations in London, linking to the commuter belt south of the city. A walk heading north up Charing Cross Road leads to Soho, the Embankment is a stone’s throw away while the Strand has shops, restaurants, cafes and bars. Though primarily a commercial area, there are a few residences dotted around, mostly studio flats or one bedroom apartments available to let at extortionate prices.

 
 

Charing Cross Map

Estimated Price: £1,375,338
Average Asking Price: £2,942,857
Price change in last one year: £10,033
Average Price Paid: £1,245,055
Average Rent Rates: £5,783

 
 

Property Prices Breakdown in Charing Cross

Values have been changing and have risen £720 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £12,437 in last 6 months, £10,033 in last 1 year, £245,033 in last 2 years, £250,652 in last 3 years, £293,966 in last 4 years and £337,233 in last 5 years.

Currently average asking price of a property in Charing Cross is around £2,942,857 based on approximately 16 properties for sale. Same is the case with rental options based on 112 properties up for rent, average asking rent is around £5,783 per month.

Estimated property value in Charing Cross is £1,375,338. Average asking price is £2,942,857 while average price paid is £2,115,944 which is up by £10,033 and Avg. asking rent £5,783.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 Charing Cross area. In last 1 year alone average price buyer paid is around £2,115,944 based on approximately 16 sales in Charing Cross area alone. If you compare it to last 3 years sales of 85 properties where buyers paid around £1,563,782. 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 £1,245,055 for 142 and average amount paid for purchase of approx. 170 properties sold in last 7 years comes to about £1,159,665 per sale.

 
 

Properties For Sale in Charing Cross

 
 

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 2 bedroom is around £2,237,500. For a flat similarly the prices varies from £1,196,000 for a single bedroom to £2,343,542 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £4,777,778 and £6,950,000 for a 4 bedroom flat. To sum up the asking prices for properties in Charing Cross it comes to around average £1,196,000 for 1 bedroom property, £2,335,385 for 2 bedroom, £4,777,778 for 3 bedroom and £6,950,000 for 4 bedroom.

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 £2,156 for 1 bedroom to £5,525 for 2 bedroom, £6,608 for 3 bedroom and £19,067 for 5 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £2,630. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £5,018, £6,690 for 3 bedroom, £18,727 for 4 bedroom and around £16,033 for 5 bedroom flat. You should be generally be expecting around average £2,601 rent per month for single bedroom property, £5,096 for 2 bedroom, £6,682 for 3 bedroom, £18,727 for 4 bedroom and approximately £17,550 for a 5 bedroom property in Charing Cross area.

Popular Houses in Charing Cross

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.

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