Cubitt Town

Hub of Cement Making Industry

Area Guide For Cubitt Town

Cubitt Town is located near Isle of Dogs, falls under Tower Hamlets in London. This Town faces Greenwich and falls right on the side of River Thames. The four borders for tihs area include Milwall, Canary Warf, Blue Bridge and Blackwall. 

 
 

Tags

Cement
Industry
Pots
Public Houses

Overview

  • The Neighbors

    Relatively smaller houses, but located in a small area so the population remains dense.

  • Ideal for

    Industrialists and local businessmen.

  • Deal Sealer

    The cement and pot-making industries.

  • Not for

    People who like larger houses.

  • You will Like

    Cheaper market places.

Cubitt Town Map

Estimated Price: £474,889
Average Asking Price: £473,267
Price change in last one year: £50,250
Average Price Paid: £352,909
Average Rent Rates: £1,952

 
 

Property Prices Breakdown in Cubitt Town

Average Price for property in Cubitt Town is around £474,889 which varies based on type of property you are interested in and ranges from £484,578 for detached house to around £522,845 for semi-detached. Similarly terraced house is around £547,110 and a flat is worth £457,596. Values have been changing and have risen £5,445 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £12,221 in last 6 months, £50,250 in last 1 year, £99,523 in last 2 years, £109,073 in last 3 years, £113,305 in last 4 years and £114,885 in last 5 years.

Currently average asking price of a property in Cubitt Town is around £473,267 based on approximately 278 properties for sale. Same is the case with rental options based on 251 properties up for rent, average asking rent is around £1,952 per month.

Estimated property value in Cubitt Town is £474,889. Average asking price is £473,267 while average price paid is £412,857 which is up by £50,250 and Avg. asking rent £1,952.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 Cubitt Town area. In last 1 year alone average price buyer paid is around £412,857 based on approximately 278 sales in Cubitt Town area alone. If you compare it to last 3 years sales of 826 properties where buyers paid around £370,465. 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 £352,909 for 1,268 and average amount paid for purchase of approx. 1,611 properties sold in last 7 years comes to about £351,292 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 2 bedroom is around £478,333, £687,143 for a 3 bedroom house, £883,790 for a 4 bedroom house and £860,000 for a 5 bedroom house. For a flat similarly the prices varies from £342,011 for a single bedroom to £467,180 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £543,047 and £415,000 for a 4 bedroom flat. To sum up the asking prices for properties in Cubitt Town it comes to around average £342,011 for 1 bedroom property, £467,940 for 2 bedroom, £579,071 for 3 bedroom, £805,658 for 4 bedroom and £860,000 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 £856 for 1 bedroom to £1,651 for 2 bedrooms, £2,087 for 3 bedrooms, £3,106 for 4 bedrooms and £3,279 for 5 bedrooms house. But if you are interested in renting a 1 bedroom flat then rent per month can be around £1,351. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £1,864, £3,107 for 3 bedroom and £2,212 for 4 bedroom. You should be generally be expecting around average £1,251 rent per month for single bedroom property, £1,831 for 2 bedroom, £2,916 for 3 bedroom, £2,748 for 4 bedroom and approximately £3,279 for a 5 bedroom property in Cubitt Town 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.

Sum it all up

 The Good

- Cheap
- Employment Opportunities

 Best For

- Labour-class
- Industrialists
- Individuals

 The Bad

- Crime Rate
- Pollution

Transportation in Cubitt Town

Browse by Streets in Cubitt Town