Forest Gate

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Area Guide For Forest Gate

Forest Gate is a famous residential area in London and falls under the London Borough of Newham. This area is 7 miles away from Charing Cross. The four borders of this particular area are Manor Park, Stratford, Westfield Stratford City and Olympic Park. The Green Street runs in the Southern part of this area and recently it has experienced several resedential developments.

 
 

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Houses
Leisure
Music
Transport
Sports
Arts
Entertainment

Overview

  • The Neighbors

    Double front Victorian three to four bedroom houses.

  • Ideal for

    Upper middle class and upper class families.

  • Deal Sealer

    Developed areas nearby.

  • Not for

    People who enjoy peace and quiet.

  • You will Like

    Closeness to Art and Culture.

Forest Gate Map

Estimated Price: £359,296
Average Asking Price: £385,668
Price change in last one year: £46,541
Average Price Paid: £250,825
Average Rent Rates: £1,327

 
 

Property Prices Breakdown in Forest Gate

Average Price for property in Forest Gate is around £359,296 which varies based on type of property you are interested in and ranges from £566,510 for detached house to around £486,859 for semi-detached. Similarly terraced house is around £377,669 and a flat is worth £248,468. Values have been changing and have risen £5,154 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £11,852 in last 6 months, £46,541 in last 1 year, £76,527 in last 2 years, £87,333 in last 3 years, £86,492 in last 4 years and £93,661 in last 5 years.

Currently average asking price of a property in Forest Gate is around £385,668 based on approximately 634 properties for sale. Same is the case with rental options based on 128 properties up for rent, average asking rent is around £1,327 per month.

Estimated property value in Forest Gate is £359,296. Average asking price is £385,668 while average price paid is £296,963 which is up by £46,541 and Avg. asking rent £1,327.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 Forest Gate area. In last 1 year alone average price buyer paid is around £296,963 based on approximately 634 sales in Forest Gate area alone. If you compare it to last 3 years sales of 1,634 properties where buyers paid around £264,666. 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 £250,825 for 2,564 and average amount paid for purchase of approx. 3,536 properties sold in last 7 years comes to about £244,598 per sale.

 
 

Properties For Sale in Forest Gate

 
 

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 £250,000, £338,967 for a 2 bedroom house, £396,366 for a 3 bedroom house, £468,228 for a 4 bedroom house and £576,919 for a 5 bedroom house. For a flat similarly the prices varies from £197,700 for a single bedroom to £240,621 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £318,737 and £495,000 for a 4 bedroom flat. To sum up the asking prices for properties in Forest Gate it comes to around average £201,723 for 1 bedroom property, £274,741 for 2 bedroom, £391,276 for 3 bedroom, £469,716 for 4 bedroom and £576,919 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 £542 for 1 bedroom to £1,332 for 2 bedrooms, £1,647 for 3 bedrooms, £1,736 for 4 bedrooms and £2,074 for 5 bedrooms house. But if you are interested in renting a 1 bedroom flat then rent per month can be around £936. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £1,217, £1,468 for 3 bedroom and £1,452 for 4 bedroom. You should be generally be expecting around average £848 rent per month for single bedroom property, £1,254 for 2 bedroom, £1,566 for 3 bedroom, £1,716 for 4 bedroom and approximately £2,074 for a 5 bedroom property in Forest Gate area.

Popular Houses in Forest Gate

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 Forest Gate

Sum it all up

 The Good

- Culture
- Art
- Music
- Sports
- Bigger Houses

 Best For

- People who are close to culture and music
- People who like to have bigger houses

Transportation in Forest Gate

Browse by Streets in Forest Gate