Blackwall

The Colour of River Wall

Area Guide For Blackwall

Blackwall is an area right at the end of East London. It gets its name from the underlying Blackwall tunnel which is passing through the south, under the adjacent River Thames and reaches out to Northern Greenwich. With several landmarks, this place has become a hub for quite a lot of visitors. The schools, transportation and environment has made this area ideal for young families and people who like to travel to other areas within London. Important areas such as Middlesex and Isle of Dogs make up the two borders of Blackwall. You will get to see the public housing located in the Lansbury Estate.

 
 

Tags

Council Housing
Schools
Public Housing
Public Art
Church
Transportation Facilities

Overview

  • The Neighbors

    Blackwall is an area with property prices less than Central London and several public houses such as the ones in Lansbury Estate.

  • Ideal for

    People who are interested in local industry.

  • Deal Sealer

    Ethnic diversity and low housing costs.

  • Not for

    People who like the actual London environment and the busy streets.

  • You will Like

    The peace and quiet.

Blackwall Map

Estimated Price: £394,415
Average Asking Price: £557,394
Price change in last one year: £42,081
Average Price Paid: £289,326
Average Rent Rates: £2,464

 
 

Property Prices Breakdown in Blackwall

Average Price for property in Blackwall is around £394,415 which varies based on type of property you are interested in and ranges from £792,288 for detached house to around £373,890 for semi-detached. Similarly terraced house is around £470,664 and a flat is worth £374,662. Values have been changing and have risen £4,561 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £10,235 in last 6 months, £42,081 in last 1 year, £83,344 in last 2 years, £91,344 in last 3 years, £94,887 in last 4 years and £96,212 in last 5 years.

Currently average asking price of a property in Blackwall is around £557,394 based on approximately 84 properties for sale. Same is the case with rental options based on 2,120 properties up for rent, average asking rent is around £2,464 per month.

Estimated property value in Blackwall is £394,415. Average asking price is £557,394 while average price paid is £293,718 which is up by £42,081 and Avg. asking rent £2,464.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 Blackwall area. In last 1 year alone average price buyer paid is around £293,718 based on approximately 84 sales in Blackwall area alone. If you compare it to last 3 years sales of 225 properties where buyers paid around £302,025. 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 £289,326 for 340 and average amount paid for purchase of approx. 470 properties sold in last 7 years comes to about £281,705 per sale.

 
 

Properties For Sale in Blackwall

 
 

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 £460,000, £480,260 for a 2 bedroom house, £697,079 for a 3 bedroom house, £837,394 for a 4 bedroom house and £763,750 for a 5 bedroom house. For a flat similarly the prices varies from £418,188 for a single bedroom to £591,856 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £860,496 and £2,531,665 for a 4 bedroom flat. To sum up the asking prices for properties in Blackwall it comes to around average £419,037 for 1 bedroom property, £588,031 for 2 bedroom, £844,655 for 3 bedroom, £1,639,944 for 4 bedroom and £763,750 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 £1,017 for 1 bedroom to £2,136 for 2 bedrooms, £2,971 for 3 bedrooms, £3,655 for 4 bedrooms and £3,231 for 5 bedrooms house. But if you are interested in renting a 1 bedroom flat then rent per month can be around £1,506. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £2,801, £3,983 for 3 bedroom and £7,944 for 4 bedroom. You should be generally be expecting around average £1,472 rent per month for single bedroom property, £2,772 for 2 bedroom, £3,866 for 3 bedroom, £5,673 for 4 bedroom and approximately £3,231 for a 5 bedroom property in Blackwall area.

Popular Houses in Blackwall

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 Blackwall

Sum it all up

 The Good

- Family friendly
- Less street crime
- Good transportation facilities

 Best For

- Local industry workers
- Students
- Commuters

 The Bad

- Smaller houses
- Far from economic centres

Transportation in Blackwall

Browse by Streets in Blackwall