Average Price for property in Farringdon is around £756,836 which varies based on type of property you are interested in and ranges from £1,407,872 for detached house to around £2,502,798 for semi-detached. Similarly terraced house is around £1,462,464 and a flat is worth £738,714. Values have been changing and have risen £860 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £3,241 in last 6 months, £88,657 in last 1 year, £139,359 in last 2 years, £210,069 in last 3 years, £179,825 in last 4 years and £206,428 in last 5 years.
Currently average asking price of a property in Farringdon is around £1,191,117 based on approximately 103 properties for sale. Same is the case with rental options based on 163 properties up for rent, average asking rent is around £2,900 per month.
Estimated property value in Farringdon is £756,836. Average asking price is £1,191,117 while average price paid is £725,396 which is up by £88,657 and Avg. asking rent £2,900.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 Farringdon area. In last 1 year alone average price buyer paid is around £725,396 based on approximately 103 sales in Farringdon area alone. If you compare it to last 3 years sales of 322 properties where buyers paid around £637,664. 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 £558,773 for 610 and average amount paid for purchase of approx. 906 properties sold in last 7 years comes to about £518,181 per sale.