Hackney Wick

The Fashion Capital

Area Guide For Hackney Wick

Hackney Wick is an area that is situated right in between the boundaries of London Borough of Hackney and London Borough of Tower Hamlets. This area is also located in the Eastern part of London. It is considered to be an inner-city developed area and is situated 5 miles northeast Charing Cross. It also has Hackney Central right on the Western end. The Hackney Central is the historic centre of Hackney Borough. 

 
 

Tags

Art
Fashion
Trend
Galleries
Culture
Railway
Transportation
Bus Services

Overview

  • The Neighbors

    Most houses are small in size and newly built after the developments that have taken place in 2012.

  • Ideal for

    Artists and people who are attached to the upcoming fashion trends.

  • Deal Sealer

    Considered to be the most fashionable area in London.

  • Not for

    Older community.

  • You will Like

    The new constructions and developments that have taken place.

Hackney Wick Map

Estimated Price: £402,637
Average Asking Price: £441,867
Price change in last one year: £45,620
Average Price Paid: £295,990
Average Rent Rates: £1,694

 
 

Property Prices Breakdown in Hackney Wick

Average Price for property in Hackney Wick is around £402,637 which varies based on type of property you are interested in and ranges from £639,920 for detached house to around £619,903 for semi-detached. Similarly terraced house is around £522,967 and a flat is worth £365,441. Values have been changing and have risen £4,163 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £7,447 in last 6 months, £45,620 in last 1 year, £78,741 in last 2 years, £94,369 in last 3 years, £94,796 in last 4 years and £102,049 in last 5 years.

Currently average asking price of a property in Hackney Wick is around £441,867 based on approximately 324 properties for sale. Same is the case with rental options based on 165 properties up for rent, average asking rent is around £1,694 per month.

Estimated property value in Hackney Wick is £402,637. Average asking price is £441,867 while average price paid is £346,857 which is up by £45,620 and Avg. asking rent £1,694.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 Wick area. In last 1 year alone average price buyer paid is around £346,857 based on approximately 324 sales in Hackney Wick area alone. If you compare it to last 3 years sales of 989 properties where buyers paid around £314,010. 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 £295,990 for 1,525 and average amount paid for purchase of approx. 1,924 properties sold in last 7 years comes to about £288,942 per sale.

 
 

Properties For Sale in Hackney Wick

 
 

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 2 bedroom is around £653,333, £616,429 for a 3 bedroom house, £1,051,999 for a 4 bedroom house and £1,475,000 for a 5 bedroom house. For a flat similarly the prices varies from £307,368 for a single bedroom to £391,098 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £415,235 and £350,000 for a 4 bedroom flat. To sum up the asking prices for properties in Hackney Wick it comes to around average £307,368 for 1 bedroom property, £416,892 for 2 bedroom, £465,534 for 3 bedroom, £934,999 for 4 bedroom and £1,475,000 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 £966 for 1 bedroom to £1,942 for 2 bedrooms, £2,630 for 3 bedrooms, £3,124 for 4 bedrooms and £3,250 for 5 bedrooms house. But if you are interested in renting a 1 bedroom flat then rent per month can be around £1,235. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £1,710, £2,100 for 3 bedroom, £2,622 for 4 bedroom and around £2,383 for 5 bedroom flat. You should be generally be expecting around average £1,217 rent per month for single bedroom property, £1,732 for 2 bedroom, £2,287 for 3 bedroom, £2,981 for 4 bedroom and approximately £2,816 for a 5 bedroom property in Hackney Wick area.

Popular Houses in Hackney Wick

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 Wick

Sum it all up

 The Good

- Newer structures and buildings
- Employment opportunities
- Houses available for sale
- Trendy

 Best For

- Artists
- People who love to remain in style
- Commuters

 The Bad

- Noise
- Traffic
- Pollution

Transportation in Hackney Wick

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