East Central London

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Area Guide For East Central London

East Central London is a region that comprises of a lot of varying neighbourhoods and areas. Towards the centre you have the vibrant and fast-paced City of London while moving towards the east you will come across areas which are regenerating and rediscovering themselves. Similarly, locations towards central London are more popular with tourists while the eastern part has a mix of different cultures, lots of eating and drinking places along with shopping and entertainment venues.

East Central London Map

Estimated Price: £822,948
Average Asking Price: £1,148,485
Price change in last one year: £103,228

Average Price Paid: £599,977
Average Rent Rates: £2,742

Property Prices Breakdown in East Central London

Average Price for property in East Central London is around £822,948 which varies based on type of property you are interested in and ranges from £1,881,440 for detached house to around £2,077,276 for semi-detached. Similarly terraced house is around £1,432,604 and a flat is worth £802,610. Values have been changing and have risen £2,542 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £9,523 in last 6 months, £103,228 in last 1 year, £154,134 in last 2 years, £225,035 in last 3 years, £196,286 in last 4 years and £222,953 in last 5 years.

Currently average asking price of a property in East Central London is around £1,148,485 based on approximately 466 properties for sale. Same is the case with rental options based on 1,186 properties up for rent, average asking rent is around £2,742 per month.

Estimated property value in East Central London is £822,948. Average asking price is £1,148,485 while average price paid is £762,279 which is up by £103,228 and Avg. asking rent £2,742.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 East Central London area. In last 1 year alone average price buyer paid is around £762,279 based on approximately 466 sales in East Central London area alone. If you compare it to last 3 years sales of 1,741 properties where buyers paid around £653,449. 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 £599,977 for 2,888 and average amount paid for purchase of approx. 3,812 properties sold in last 7 years comes to about £565,265 per sale.

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 £651,429, £1,315,000 for a 2 bedroom house, £1,743,119 for a 3 bedroom house, £3,291,667 for a 4 bedroom house and £3,087,500 for a 5 bedroom house. For a flat similarly the prices varies from £740,201 for a single bedroom to £1,161,899 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £2,101,147 and £6,950,000 for a 4 bedroom flat. To sum up the asking prices for properties in East Central London it comes to around average £737,389 for 1 bedroom property, £1,167,467 for 2 bedroom, £2,019,312 for 3 bedroom, £4,954,545 for 4 bedroom and £3,087,500 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 £5,325 for 2 bedroom and £6,478 for 5 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £2,354. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £3,149, £6,004 for 3 bedroom and £3,553 for 4 bedroom. You should be generally be expecting around average £2,358 rent per month for single bedroom property, £3,215 for 2 bedroom, £6,004 for 3 bedroom, £3,554 for 4 bedroom and approximately £6,478 for a 5 bedroom property in East Central London area.

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.