Commonwealth Way, London, SE2

Street Guide For Commonwealth Way, London, SE2

 
 

Commonwealth Way, London, SE2 Map

Estimated Price: £268,535
Average Asking Price: £261,791
Price change in last one year: £21,994
Average Price Paid: £179,843
Average Rent Rates: £974

Ram Estate Agent
713 Cranbrook Road, Gants Hill, Ilford, Essex, IG2

Free House valuation

 

Property Prices Breakdown in Commonwealth Way, London, SE2

Values have been changing and have risen £1,589 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £4,932 in last 6 months, £21,994 in last 1 year, £44,678 in last 2 years, £53,692 in last 3 years, £56,179 in last 4 years and £63,041 in last 5 years.

Currently average asking price of a property in Commonwealth Way, London, SE2 is around £261,791 based on approximately 2 properties for sale. Same is the case with rental options based on 20 properties up for rent, average asking rent is around £974 per month.

Estimated property value in Commonwealth Way, London, SE2 is £268,535. Average asking price is £261,791 while average price paid is £122,500 which is up by £21,994 and Avg. asking rent £974.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 Commonwealth Way, London, SE2 area. In last 1 year alone average price buyer paid is around £122,500 based on approximately 2 sales in Commonwealth Way, London, SE2 area alone. If you compare it to last 3 years sales of 6 properties where buyers paid around £174,791. 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 £179,843 for 8 and average amount paid for purchase of approx. 12 properties sold in last 7 years comes to about £179,062 per sale.

 
 
 
 

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 £180,000, £235,000 for a 2 bedroom house, £328,999 for a 3 bedroom house and £375,000 for a 5 bedroom house. For a flat similarly the prices varies from £210,000 for a single bedroom to £187,498 for a 2 bedroom Flat. To sum up the asking prices for properties in Commonwealth Way, London, SE2 it comes to around average £195,000 for 1 bedroom property, £203,332 for 2 bedroom, £328,999 for 3 bedroom and £375,000 for 5 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 £550 for 1 bedroom to £1,101 for 2 bedroom, £1,499 for 3 bedroom and £2,084 for 4 bedroom. But if you are interested in renting a 2 bedroom flat then rent per month can be around £949. You should be generally be expecting around average £550 rent per month for single bedroom property, £1,025 for 2 bedroom, £1,499 for 3 bedroom and approximately £2,084 for 4 bedroom property in Commonwealth Way, London, SE2 area.

Popular Houses in Commonwealth Way, London, SE2

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.

Transportation in Commonwealth Way, London, SE2

Areas in and around Commonwealth Way, London, SE2