Custom House

The Customized Docks

Area Guide For Custom House

Custom Hous is a district in London and it is named after the Custom House of Royal Victoria Dock. Even though the dock is currently being put to recreational use, it was once considered to be a part of the dominating industry. There are few economic buildings in the area, including the ExCel Exhibition Centre, that helps the area connect to the City of London. This area is considered to be a continuity of Canning Town.

 
 

Tags

Roads
Docks
River
Hotel
Sports
Transport

Overview

  • The Neighbors

    Relatively bigger houses as compared to the rest of London.

  • Ideal for

    Rich families and upper class.

  • Deal Sealer

    River-side, that simply adds to the view.

  • Not for

    People who prefer cheaper housing.

  • You will Like

    Docks.

Custom House Map

Estimated Price: £293,075
Average Asking Price: £311,073
Price change in last one year: £34,745
Average Price Paid: £210,549
Average Rent Rates: £1,540

 
 

Property Prices Breakdown in Custom House

Average Price for property in Custom House is around £293,075 which varies based on type of property you are interested in and ranges from £426,428 for detached house to around £316,392 for semi-detached. Similarly terraced house is around £308,455 and a flat is worth £221,230. Values have been changing and have risen £3,410 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £7,586 in last 6 months, £34,745 in last 1 year, £58,691 in last 2 years, £66,999 in last 3 years, £67,050 in last 4 years and £72,711 in last 5 years.

Currently average asking price of a property in Custom House is around £311,073 based on approximately 86 properties for sale. Same is the case with rental options based on 36 properties up for rent, average asking rent is around £1,540 per month.

Estimated property value in Custom House is £293,075. Average asking price is £311,073 while average price paid is £247,365 which is up by £34,745 and Avg. asking rent £1,540.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 Custom House area. In last 1 year alone average price buyer paid is around £247,365 based on approximately 86 sales in Custom House area alone. If you compare it to last 3 years sales of 221 properties where buyers paid around £222,396. 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 £210,549 for 350 and average amount paid for purchase of approx. 490 properties sold in last 7 years comes to about £206,797 per sale.

 
 

Properties For Sale in Custom House

 
 

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 £257,500, £362,230 for a 3 bedroom house and £427,498 for a 4 bedroom house. For a flat similarly the prices varies from £181,665 for a single bedroom to £193,332 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £298,750. To sum up the asking prices for properties in Custom House it comes to around average £181,665 for 1 bedroom property, £218,999 for 2 bedroom, £347,294 for 3 bedroom and £427,498 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 £501 for 1 bedroom to £1,266 for 2 bedrooms, £1,754 for 3 bedrooms, £1,841 for 4 bedrooms and £2,002 for 5 bedrooms house. But if you are interested in renting a 1 bedroom flat then rent per month can be around £1,030. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £1,356 and £1,378 for 3 bedroom. You should be generally be expecting around average £878 rent per month for single bedroom property, £1,302 for 2 bedroom, £1,707 for 3 bedroom, £1,841 for 4 bedroom and approximately £2,002 for a 5 bedroom property in Custom House area.

Popular Houses in Custom House

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 Custom House

Sum it all up

 The Good

- Beautiful View
- Trading Opportunities
- Economic Centres

 Best For

- People who can afford a posh lifestyle
- Upper Middle Class

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