Old Ford

Area Guide For Old Ford

Old Ford an area in the London Borough of Tower Hamlets adjoining the north part of Bow in east London. Once a part of pre-Roman route that followed the modern Oxford Street, Old Street, through Bethnal Green to Old Ford. Today the Old Ford is again becoming a desirable area because of its Victorian housing streets and improved transport links.

 
 

Old Ford Map

Estimated Price: £439,214
Average Asking Price: £459,763
Price change in last one year: £50,876
Average Price Paid: £335,998
Average Rent Rates: £1,831

 
 

Property Prices Breakdown in Old Ford

Average Price for property in Old Ford is around £439,214 which varies based on type of property you are interested in and ranges from £706,433 for detached house to around £677,506 for semi-detached. Similarly terraced house is around £662,140 and a flat is worth £363,340. Values have been changing and have risen £4,644 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £8,306 in last 6 months, £50,876 in last 1 year, £87,816 in last 2 years, £105,242 in last 3 years, £105,718 in last 4 years and £113,807 in last 5 years.

Currently average asking price of a property in Old Ford is around £459,763 based on approximately 359 properties for sale. Same is the case with rental options based on 166 properties up for rent, average asking rent is around £1,831 per month.

Estimated property value in Old Ford is £439,214. Average asking price is £459,763 while average price paid is £382,553 which is up by £50,876 and Avg. asking rent £1,831.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 Old Ford area. In last 1 year alone average price buyer paid is around £382,553 based on approximately 359 sales in Old Ford area alone. If you compare it to last 3 years sales of 1,044 properties where buyers paid around £356,541. 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 £335,998 for 1,663 and average amount paid for purchase of approx. 2,102 properties sold in last 7 years comes to about £326,696 per sale.

 
 

Properties For Sale in Old Ford

 
 

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 £799,998, £677,500 for a 3 bedroom house, £941,249 for a 4 bedroom house and £1,437,500 for a 5 bedroom house. For a flat similarly the prices varies from £307,315 for a single bedroom to £416,501 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £429,994. To sum up the asking prices for properties in Old Ford it comes to around average £307,315 for 1 bedroom property, £439,511 for 2 bedroom, £500,710 for 3 bedroom, £941,249 for 4 bedroom and £1,437,500 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 £1,005 for 1 bedroom to £2,033 for 2 bedrooms, £2,467 for 3 bedrooms, £2,809 for 4 bedrooms and £1,831 for 5 bedrooms house. But if you are interested in renting a 1 bedroom flat then rent per month can be around £1,146. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £1,703, £2,324 for 3 bedroom and £2,860 for 4 bedroom. You should be generally be expecting around average £1,141 rent per month for single bedroom property, £1,728 for 2 bedroom, £2,374 for 3 bedroom, £2,817 for 4 bedroom and approximately £1,831 for a 5 bedroom property in Old Ford area.

Popular Houses in Old Ford

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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