Faraday Close, London, N7

Street Guide For Faraday Close, London, N7

 

Faraday Close, London, N7 Map

Estimated Price: £577,423
Average Asking Price: £622,946
Price change in last one year: £57,564
Average Price Paid: £438,333
Average Rent Rates: £2,078

 

Property Prices Breakdown in Faraday Close, London, N7

Average Price for property in Faraday Close, London, N7 is around £577,423 which varies based on type of property you are interested in and ranges from £569,897 for semi-detached to around £579,305 for terraced house. Values have been changing and have risen £5,413 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £16,486 in last 6 months, £57,564 in last 1 year, £116,533 in last 2 years, £130,015 in last 3 years, £141,692 in last 4 years and £154,358 in last 5 years.

Currently average asking price of a property in Faraday Close, London, N7 is around £622,946 based on approximately 1 properties for sale. Same is the case with rental options based on 423 properties up for rent, average asking rent is around £2,078 per month.

Estimated property value in Faraday Close, London, N7 is £577,423. Average asking price is £622,946 while average price paid is £480,000 which is up by £57,564 and Avg. asking rent £2,078.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 Faraday Close, London, N7 area. In last 1 year alone average price buyer paid is around £480,000 based on approximately 1 sales in Faraday Close, London, N7 area alone. If you compare it to last 3 years sales of 2 properties where buyers paid around £489,999. 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 £438,333 for 3 and average amount paid for purchase of approx. 3 properties sold in last 7 years comes to about £438,333 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 £394,667, £701,658 for a 2 bedroom house, £781,242 for a 3 bedroom house, £1,637,843 for a 4 bedroom house and £1,868,500 for a 5 bedroom house. For a flat similarly the prices varies from £439,602 for a single bedroom to £557,278 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £725,830 and £1,014,999 for a 4 bedroom flat. To sum up the asking prices for properties in Faraday Close, London, N7 it comes to around average £438,226 for 1 bedroom property, £565,154 for 2 bedroom, £747,995 for 3 bedroom, £1,489,547 for 4 bedroom and £1,868,500 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 £1,138 for 1 bedroom to £1,776 for 2 bedroom, £2,400 for 3 bedroom and £3,040 for 4 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £1,505. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £1,988, £2,351 for 3 bedroom, £2,951 for 4 bedroom and around £3,900 for 5 bedroom flat. You should be generally be expecting around average £1,419 rent per month for single bedroom property, £1,973 for 2 bedroom, £2,361 for 3 bedroom, £3,006 for 4 bedroom and approximately £3,900 for a 5 bedroom property in Faraday Close, London, N7 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.

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