Covent Garden

London’s Prime Shopping and Entertainment District

Area Guide For Covent Garden

One of London‘s main shopping and entertainment districts, Covent Garden is a major tourist destinations. The affluent district has a peculiar distinctness to it, which is reflected in its unique house designs and architecture. It is home to some of London’s most famous attractions and hosts a famous Market Piazza, known for its quirky craft stalls, boutiques and restaurants.

 
 

Tags

Schools
Pubs
Houses
Park life
Shops
Transportation

Overview

  • The Neighbors

    Majority of the homes in Covent Garden are red brick flats on top of commercial shops and premises. You can also find warehouse conversions, tenement flats and some independent scattered around various streets enclosed in this area.

  • Ideal for

    Upper Class Families, Young Professionals, Businessmen

  • Deal Sealer

    A great shopping and eating paradise, Major tourist attraction

  • Not for

    Lower, Middle and Working Class

  • You will Like

    Transport, Places, Range of Houses

Covent Garden Map

Estimated Price: £1,060,192
Average Asking Price: £2,139,209
Price change in last one year: £2,967
Average Price Paid: £946,318
Average Rent Rates: £4,386

 
 

Property Prices Breakdown in Covent Garden

Average Price for property in Covent Garden is around £1,060,192 which varies based on type of property you are interested in and ranges from £2,714,556 for detached house to around £1,365,719 for semi-detached. Similarly terraced house is around £2,402,574 and a flat is worth £1,016,193. Values have been changing and have risen £3,788 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £4,207 in last 6 months, £2,967 in last 1 year, £177,364 in last 2 years, £174,022 in last 3 years, £212,186 in last 4 years and £235,716 in last 5 years.

Currently average asking price of a property in Covent Garden is around £2,139,209 based on approximately 51 properties for sale. Same is the case with rental options based on 265 properties up for rent, average asking rent is around £4,386 per month.

Estimated property value in Covent Garden is £1,060,192. Average asking price is £2,139,209 while average price paid is £1,357,142 which is up by £2,967 and Avg. asking rent £4,386.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 Covent Garden area. In last 1 year alone average price buyer paid is around £1,357,142 based on approximately 51 sales in Covent Garden area alone. If you compare it to last 3 years sales of 226 properties where buyers paid around £1,161,969. 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 £946,318 for 423 and average amount paid for purchase of approx. 530 properties sold in last 7 years comes to about £880,612 per sale.

 
 

Properties For Sale in Covent Garden

 
 

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 £599,950, £2,237,500 for a 2 bedroom house, £2,850,000 for a 3 bedroom house and £5,000,000 for a 4 bedroom house. For a flat similarly the prices varies from £908,027 for a single bedroom to £2,263,656 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £3,293,521 and £6,033,333 for a 4 bedroom flat. To sum up the asking prices for properties in Covent Garden it comes to around average £898,400 for 1 bedroom property, £2,262,242 for 2 bedroom, £3,244,241 for 3 bedroom and £5,775,000 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 £2,308 for 1 bedroom to £4,435 for 2 bedroom, £8,288 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 £2,610. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £4,417, £6,796 for 3 bedroom, £16,689 for 4 bedroom and around £16,033 for 5 bedroom flat. You should be generally be expecting around average £2,597 rent per month for single bedroom property, £4,419 for 2 bedroom, £6,995 for 3 bedroom, £16,689 for 4 bedroom and approximately £17,550 for a 5 bedroom property in Covent Garden area.

Popular Houses in Covent Garden

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 Covent Garden

Sum it all up

 The Good

- Places
- Access to Amenities
- Transport
- Architecture
- Markets
- Museums

 Best For

- Upper Class Families
- Professionals
- Businessmen

 The Bad

- Some streets are quite pricey
- Park Life

Transportation in Covent Garden

Browse by Streets in Covent Garden