Gospel Oak

Area Guide For Gospel Oak

Gospel Oak is an inner urban area of North London in the London Borough of Camden. From the 1850s many compact terraced houses as well as flats in the later 1970’s were built in Gospel Oak leaving little to no greenery. Average property prices around Gospel Oak are 27.3% above the London average of £510,233.

 
 

Gospel Oak Map

Estimated Price: £983,984
Average Asking Price: £1,103,918
Price change in last one year: £102,371
Average Price Paid: £720,445
Average Rent Rates: £2,762

 
 

Property Prices Breakdown in Gospel Oak

Average Price for property in Gospel Oak is around £983,984 which varies based on type of property you are interested in and ranges from £2,335,435 for detached house to around £2,518,641 for semi-detached. Similarly terraced house is around £1,512,883 and a flat is worth £644,600. Values have been changing and have risen £21,233 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £56,263 in last 6 months, £102,371 in last 1 year, £179,908 in last 2 years, £248,739 in last 3 years, £243,482 in last 4 years and £276,501 in last 5 years.

Currently average asking price of a property in Gospel Oak is around £1,103,918 based on approximately 223 properties for sale. Same is the case with rental options based on 202 properties up for rent, average asking rent is around £2,762 per month.

Estimated property value in Gospel Oak is £983,984. Average asking price is £1,103,918 while average price paid is £866,736 which is up by £102,371 and Avg. asking rent £2,762.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 Gospel Oak area. In last 1 year alone average price buyer paid is around £866,736 based on approximately 223 sales in Gospel Oak area alone. If you compare it to last 3 years sales of 729 properties where buyers paid around £807,717. 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 £720,445 for 1,344 and average amount paid for purchase of approx. 1,800 properties sold in last 7 years comes to about £684,312 per sale.

 
 

Properties For Sale in Gospel Oak

 
 

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 £499,950, £1,188,990 for a 2 bedroom house, £1,560,758 for a 3 bedroom house, £2,071,100 for a 4 bedroom house and £2,398,125 for a 5 bedroom house. For a flat similarly the prices varies from £461,377 for a single bedroom to £676,741 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £936,262, £792,488 for a 4 bedroom flat and £2,025,000 for a 5 bedroom flat. To sum up the asking prices for properties in Gospel Oak it comes to around average £462,583 for 1 bedroom property, £731,236 for 2 bedroom, £1,108,995 for 3 bedroom, £1,677,681 for 4 bedroom and £2,273,750 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 £3,939 for 1 bedroom to £1,849 for 2 bedrooms, £3,386 for 3 bedrooms, £6,094 for 4 bedrooms and £5,742 for 5 bedrooms house. But if you are interested in renting a 1 bedroom flat then rent per month can be around £1,647. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £2,038, £3,182 for 3 bedroom and £3,012 for 4 bedroom. You should be generally be expecting around average £1,811 rent per month for single bedroom property, £2,030 for 2 bedroom, £3,284 for 3 bedroom, £5,620 for 4 bedroom and approximately £5,742 for a 5 bedroom property in Gospel Oak area.

Popular Houses in Gospel Oak

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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