Forest Lane, London, E15

Street Guide For Forest Lane, London, E15

 

Forest Lane, London, E15 Map

Estimated Price: £350,144
Average Asking Price: £388,073
Price change in last one year: £40,954
Average Price Paid: £214,799
Average Rent Rates: £1,670

 

Property Prices Breakdown in Forest Lane, London, E15

Average Price for property in Forest Lane, London, E15 is around £350,144 which varies based on type of property you are interested in and ranges from £478,334 for detached house to around £382,628 for semi-detached. Similarly terraced house is around £389,421 and a flat is worth £344,441. Values have been changing and have risen £4,908 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £11,338 in last 6 months, £40,954 in last 1 year, £70,707 in last 2 years, £74,070 in last 3 years, £76,949 in last 4 years and £87,247 in last 5 years.

Currently average asking price of a property in Forest Lane, London, E15 is around £388,073 based on approximately 6 properties for sale. Same is the case with rental options based on 396 properties up for rent, average asking rent is around £1,670 per month.

Estimated property value in Forest Lane, London, E15 is £350,144. Average asking price is £388,073 while average price paid is £260,982 which is up by £40,954 and Avg. asking rent £1,670.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 Lane, London, E15 area. In last 1 year alone average price buyer paid is around £260,982 based on approximately 6 sales in Forest Lane, London, E15 area alone. If you compare it to last 3 years sales of 18 properties where buyers paid around £221,244. 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 £214,799 for 23 and average amount paid for purchase of approx. 29 properties sold in last 7 years comes to about £213,082 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 £300,000, £359,957 for a 2 bedroom house, £411,878 for a 3 bedroom house, £563,662 for a 4 bedroom house and £538,332 for a 5 bedroom house. For a flat similarly the prices varies from £318,494 for a single bedroom to £379,847 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £392,929. To sum up the asking prices for properties in Forest Lane, London, E15 it comes to around average £318,141 for 1 bedroom property, £378,409 for 2 bedroom, £406,088 for 3 bedroom, £563,662 for 4 bedroom and £538,332 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 £809 for 1 bedroom to £1,537 for 2 bedrooms, £1,716 for 3 bedrooms, £2,004 for 4 bedrooms and £2,513 for 5 bedrooms house. But if you are interested in renting a 1 bedroom flat then rent per month can be around £1,248. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £1,613, £2,113 for 3 bedroom and £1,819 for 4 bedroom. You should be generally be expecting around average £1,224 rent per month for single bedroom property, £1,603 for 2 bedroom, £1,950 for 3 bedroom, £1,965 for 4 bedroom and approximately £2,513 for a 5 bedroom property in Forest Lane, London, E15 area.

Popular Houses in Forest Lane, London, E15

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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Areas in and around Forest Lane, London, E15