Hackney

A vibrant district for those who fancy performing arts and cultural diversity

Area Guide For Hackney

With a rich history, several tourist attractions, a great art scene, an active street life and cheaper housing, Hackney is home to young families, budding artists, fashionistas and performers, showcasing a multicultural vibrancy not found in other districts of London.

 
 

Tags

Street Life
Art and Music
Vibrant
Young Families

Overview

  • The Neighbors

    Vibrant and bustling street life with young families, budding talents and creative individuals.

  • Ideal for

    Those looking to appreciate the art and music scene or become part of it.

  • Deal Sealer

    Good transport links, several parks and the famous Broadway Market.

  • Not for

    People averse to adventure and looking for a more modern and contemporary neighbourhood.

  • You will Like

    Cultural diversity and the art scene.

Hackney Map

Estimated Price: £529,691
Average Asking Price: £620,221
Price change in last one year: £68,178
Average Price Paid: £392,930
Average Rent Rates: £1,868

 
 

Property Prices Breakdown in Hackney

Average Price for property in Hackney is around £529,691 which varies based on type of property you are interested in and ranges from £971,623 for detached house to around £936,779 for semi-detached. Similarly terraced house is around £730,656 and a flat is worth £426,069. Values have been changing and have risen £7,868 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £18,237 in last 6 months, £68,178 in last 1 year, £113,667 in last 2 years, £132,064 in last 3 years, £138,897 in last 4 years and £148,263 in last 5 years.

Currently average asking price of a property in Hackney is around £620,221 based on approximately 694 properties for sale. Same is the case with rental options based on 470 properties up for rent, average asking rent is around £1,868 per month.

Estimated property value in Hackney is £529,691. Average asking price is £620,221 while average price paid is £487,261 which is up by £68,178 and Avg. asking rent £1,868.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 Hackney area. In last 1 year alone average price buyer paid is around £487,261 based on approximately 694 sales in Hackney area alone. If you compare it to last 3 years sales of 2,180 properties where buyers paid around £428,257. 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 £392,930 for 3,760 and average amount paid for purchase of approx. 4,815 properties sold in last 7 years comes to about £371,121 per sale.

 
 

Properties For Sale in Hackney

 
 

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 £400,000, £613,745 for a 2 bedroom house, £954,402 for a 3 bedroom house, £1,204,080 for a 4 bedroom house and £1,283,571 for a 5 bedroom house. For a flat similarly the prices varies from £374,653 for a single bedroom to £502,321 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £676,783 and £499,982 for a 4 bedroom flat. To sum up the asking prices for properties in Hackney it comes to around average £375,000 for 1 bedroom property, £514,260 for 2 bedroom, £743,255 for 3 bedroom, £1,122,838 for 4 bedroom and £1,283,571 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 £1,400 for 1 bedroom to £1,823 for 2 bedrooms, £2,443 for 3 bedrooms, £3,072 for 4 bedrooms and £3,857 for 5 bedrooms house. But if you are interested in renting a 1 bedroom flat then rent per month can be around £1,355. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £1,869, £2,303 for 3 bedroom, £2,419 for 4 bedroom and around £3,207 for 5 bedroom flat. You should be generally be expecting around average £1,362 rent per month for single bedroom property, £1,862 for 2 bedroom, £2,339 for 3 bedroom, £2,855 for 4 bedroom and approximately £3,532 for a 5 bedroom property in Hackney area.

Popular Houses in Hackney

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 Hackney

Sum it all up

 The Good

- Young community
- Cheaper housing
- Cultural diversity
- Great art and music scene
- Served by lots of bus routes
- Several parks

 Best For

- Singles
- Artists
- Performers
- Students
- Young families

 The Bad

- Housing prices increasing
- No Tube Station
- Some areas are not so safe
- Can be noisy

Transportation in Hackney

Browse by Streets in Hackney