London Fields

Area Guide For London Fields

London Fields is a district in East London, named after a park which is situated within the area. This area is located within the borough of Hackney. The park was first recorded in the year 1540. Back then, however, it was not used as a park but as a field for the farmers so they could grow livestock. London fields is an area which spreads on 31.3 hectres. Charing Cross is also 4.2 miles within the vicinity. 

 
 

Tags

Cricket
Local Business
Newer Housing
Cheap housing

Overview

  • The Neighbors

    The area consists of several housing states most of which are going through a process of regeneration.

  • Ideal for

    Young, middle-classed families.

  • Deal Sealer

    The local businesses.

  • Not for

    People who are looking for a secure neighbourhood.

  • You will Like

    Cricket pitches, sporting facilities and the local industry.

London Fields Map

Estimated Price: £557,316
Average Asking Price: £703,005
Price change in last one year: £65,911
Average Price Paid: £411,007
Average Rent Rates: £1,957

 
 

Property Prices Breakdown in London Fields

Average Price for property in London Fields is around £557,316 which varies based on type of property you are interested in and ranges from £973,615 for detached house to around £925,230 for semi-detached. Similarly terraced house is around £775,867 and a flat is worth £456,321. Values have been changing and have risen £3,757 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £6,693 in last 6 months, £65,911 in last 1 year, £115,035 in last 2 years, £133,444 in last 3 years, £144,761 in last 4 years and £152,408 in last 5 years.

Currently average asking price of a property in London Fields is around £703,005 based on approximately 170 properties for sale. Same is the case with rental options based on 145 properties up for rent, average asking rent is around £1,957 per month.

Estimated property value in London Fields is £557,316. Average asking price is £703,005 while average price paid is £558,595 which is up by £65,911 and Avg. asking rent £1,957.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 London Fields area. In last 1 year alone average price buyer paid is around £558,595 based on approximately 170 sales in London Fields area alone. If you compare it to last 3 years sales of 763 properties where buyers paid around £457,030. 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 £411,007 for 1,406 and average amount paid for purchase of approx. 1,741 properties sold in last 7 years comes to about £394,673 per sale.

 
 

Properties For Sale in London Fields

 
 

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 £670,000, £1,224,993 for a 3 bedroom house, £1,358,328 for a 4 bedroom house and £1,283,571 for a 5 bedroom house. For a flat similarly the prices varies from £413,318 for a single bedroom to £570,442 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £766,082 and £699,950 for a 4 bedroom flat. To sum up the asking prices for properties in London Fields it comes to around average £413,318 for 1 bedroom property, £573,062 for 2 bedroom, £935,154 for 3 bedroom, £1,292,490 for 4 bedroom and £1,283,571 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 £1,760 for 1 bedroom to £1,920 for 2 bedrooms, £2,708 for 3 bedrooms, £3,683 for 4 bedrooms and £3,857 for 5 bedrooms house. But if you are interested in renting a 1 bedroom flat then rent per month can be around £1,519. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £2,027, £2,476 for 3 bedroom and £2,947 for 4 bedroom. You should be generally be expecting around average £1,551 rent per month for single bedroom property, £2,016 for 2 bedroom, £2,549 for 3 bedroom, £3,315 for 4 bedroom and approximately £3,857 for a 5 bedroom property in London Fields area.

Popular Houses in London Fields

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 London Fields

Sum it all up

 The Good

- Sporting facilities
- Regeneration has created more employment opportunities
- Good local businesses 

 Best For

- Young families
- Middle-classed people
- Local businessmen
- Sportsmen

 The Bad

- High crime rate

Transportation in London Fields

Browse by Streets in London Fields