Earls Court

Area Guide For Earls Court

Earls Court is a district in the Royal Borough of Kensington and Chelsea in central London. Earls Court was once a rural area, covered with green fields and market gardens. During the late 1960s a large transient population of Australia and New Zealand travellers began to use Earls Court as a UK hub and over time it gained the name 'Kangaroo Valley'. It was at the time one of the cheapest areas close to central London, and up until the 1990s remained a somewhat down-at-heel district compared to its more upmarket neighbours to the North and East. Today, while there are still significant numbers of students or other people on temporary visas, many of the Australians and New Zealanders appear to have moved on to now-cheaper areas further North and West. The change in the area's population is largely owed to rocketing property prices and the continued gentrification of the area. The scale of change is illustrated by the economic divide between the eastern and western areas of Earls Court.

 
 

Earls Court Map

Estimated Price: £1,362,846
Average Asking Price: £1,592,838
Price change in last one year: £115,996
Average Price Paid: £1,031,673
Average Rent Rates: £3,133

 
 

Property Prices Breakdown in Earls Court

Average Price for property in Earls Court is around £1,362,846 which varies based on type of property you are interested in and ranges from £6,861,286 for detached house to around £2,324,872 for semi-detached. Similarly terraced house is around £2,681,738 and a flat is worth £1,207,420. Values have been changing and have risen £6,847 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £19,234 in last 6 months, £115,996 in last 1 year, £228,804 in last 2 years, £339,909 in last 3 years, £387,828 in last 4 years and £399,443 in last 5 years.

Currently average asking price of a property in Earls Court is around £1,592,838 based on approximately 205 properties for sale. Same is the case with rental options based on 644 properties up for rent, average asking rent is around £3,133 per month.

Estimated property value in Earls Court is £1,362,846. Average asking price is £1,592,838 while average price paid is £1,213,537 which is up by £115,996 and Avg. asking rent £3,133.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 Earls Court area. In last 1 year alone average price buyer paid is around £1,213,537 based on approximately 205 sales in Earls Court area alone. If you compare it to last 3 years sales of 627 properties where buyers paid around £1,122,160. 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 £1,031,673 for 1,144 and average amount paid for purchase of approx. 1,504 properties sold in last 7 years comes to about £968,486 per sale.

 
 

Properties For Sale in Earls Court

 
 

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 £610,000, £1,507,500 for a 2 bedroom house, £1,758,317 for a 3 bedroom house, £3,746,154 for a 4 bedroom house and £2,895,000 for a 5 bedroom house. For a flat similarly the prices varies from £821,627 for a single bedroom to £1,267,858 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £2,124,026, £4,706,250 for a 4 bedroom flat and £2,950,000 for a 5 bedroom flat. To sum up the asking prices for properties in Earls Court it comes to around average £817,395 for 1 bedroom property, £1,280,147 for 2 bedroom, £2,095,895 for 3 bedroom, £4,111,905 for 4 bedroom and £2,904,167 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 £2,578 for 1 bedroom to £3,065 for 2 bedrooms, £10,030 for 3 bedrooms, £9,405 for 4 bedrooms and £12,237 for 5 bedrooms house. But if you are interested in renting a 1 bedroom flat then rent per month can be around £2,060. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £3,278, £4,282 for 3 bedroom, £5,703 for 4 bedroom and around £15,456 for 5 bedroom flat. You should be generally be expecting around average £2,067 rent per month for single bedroom property, £3,268 for 2 bedroom, £5,468 for 3 bedroom, £7,400 for 4 bedroom and approximately £13,617 for a 5 bedroom property in Earls Court area.

Popular Houses in Earls Court

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.

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