Docklands

Pool of London

Area Guide For Docklands

Docklands is an area which is located in the South Eastern part of East London. This area comprises of boroughs of Southwark, Tower Hamlets, Lewisham, Newham and Greenwich. The docks included in Docklands used to fall under the Port of London. During that time it was considered to be the World's Largest Port. However, this area has now been redevelped by the government and now it is mostly residential. The old communities claim that the area should be named after the old port, but in 1971 the name was changed to Docklands.

 
 

Tags

Densly populated
Tubes
Airport
Ships
Docks

Overview

  • The Neighbors

    Luxury housing with executive flats.

  • Ideal for

    People who want to live a luxurious life in London.

  • Deal Sealer

    Good transport and nicely built houses.

  • Not for

    People who want to live in a house for cheap.

  • You will Like

    Transport system, Riverside South Towers, Wood Warf and Canary Warf

Docklands Map

Estimated Price: £513,341
Average Asking Price: £548,419
Price change in last one year: £52,517
Average Price Paid: £367,924
Average Rent Rates: £2,379

 
 

Property Prices Breakdown in Docklands

Average Price for property in Docklands is around £513,341 which varies based on type of property you are interested in and ranges from £665,831 for detached house to around £536,203 for semi-detached. Similarly terraced house is around £538,401 and a flat is worth £509,374. Values have been changing and have risen £5,691 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £12,772 in last 6 months, £52,517 in last 1 year, £104,012 in last 2 years, £113,994 in last 3 years, £118,415 in last 4 years and £120,065 in last 5 years.

Currently average asking price of a property in Docklands is around £548,419 based on approximately 1,505 properties for sale. Same is the case with rental options based on 2,427 properties up for rent, average asking rent is around £2,379 per month.

Estimated property value in Docklands is £513,341. Average asking price is £548,419 while average price paid is £422,237 which is up by £52,517 and Avg. asking rent £2,379.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 Docklands area. In last 1 year alone average price buyer paid is around £422,237 based on approximately 1,505 sales in Docklands area alone. If you compare it to last 3 years sales of 4,409 properties where buyers paid around £379,037. 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 £367,924 for 7,378 and average amount paid for purchase of approx. 10,188 properties sold in last 7 years comes to about £362,535 per sale.

 
 

Properties For Sale in Docklands

 
 

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 £428,786, £475,037 for a 2 bedroom house, £659,761 for a 3 bedroom house, £729,259 for a 4 bedroom house and £763,750 for a 5 bedroom house. For a flat similarly the prices varies from £409,500 for a single bedroom to £576,485 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £890,970 and £2,531,665 for a 4 bedroom flat. To sum up the asking prices for properties in Docklands it comes to around average £409,943 for 1 bedroom property, £573,009 for 2 bedroom, £868,049 for 3 bedroom, £1,405,162 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 £1,005 for 1 bedroom to £2,124 for 2 bedrooms, £2,826 for 3 bedrooms, £3,548 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 £1,475. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £2,655, £3,812 for 3 bedroom and £7,944 for 4 bedroom. You should be generally be expecting around average £1,446 rent per month for single bedroom property, £2,634 for 2 bedroom, £3,704 for 3 bedroom, £5,558 for 4 bedroom and approximately £3,231 for a 5 bedroom property in Docklands area.

Popular Houses in Docklands

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 Docklands

Sum it all up

 The Good

- Well-built houses and flats
- Diverse population

 Best For

- Commuters
- People who can afford a luxury life
 

 The Bad

- Too expensive
 

Transportation in Docklands

Browse by Streets in Docklands