Great Russell Street, London, WC1B

Street Guide For Great Russell Street, London, WC1B

 

Great Russell Street, London, WC1B Map

Estimated Price: £1,353,573
Average Asking Price: £1,153,534
Price change in last one year: £3,764
Average Price Paid: £1,285,000
Average Rent Rates: £3,130

 

Property Prices Breakdown in Great Russell Street, London, WC1B

Average Price for property in Great Russell Street, London, WC1B is around £1,353,573 which varies based on type of property you are interested in and ranges from £2,372,904 for terraced house to around £1,127,055 for a flat. Values have been changing and have risen £4,804 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £5,333 in last 6 months, £3,764 in last 1 year, £224,885 in last 2 years, £220,643 in last 3 years, £269,033 in last 4 years and £298,868 in last 5 years.

Currently average asking price of a property in Great Russell Street, London, WC1B is around £1,153,534 based on approximately 2 properties for sale. Same is the case with rental options based on 429 properties up for rent, average asking rent is around £3,130 per month.

Estimated property value in Great Russell Street, London, WC1B is £1,353,573. Average asking price is £1,153,534 while average price paid is £980,000 which is up by £3,764 and Avg. asking rent £3,130.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 Great Russell Street, London, WC1B area. In last 1 year alone average price buyer paid is around £980,000 based on approximately 2 sales in Great Russell Street, London, WC1B area alone. If you compare it to last 3 years sales of 5 properties where buyers paid around £1,285,000. 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 £1,285,000 for 5 and average amount paid for purchase of approx. 9 properties sold in last 7 years comes to about £1,171,444 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 £499,950, £1,646,667 for a 2 bedroom house, £2,145,000 for a 3 bedroom house, £4,625,000 for a 4 bedroom house and £2,555,000 for a 5 bedroom house. For a flat similarly the prices varies from £629,056 for a single bedroom to £1,155,881 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £1,704,231, £1,956,666 for a 4 bedroom flat and £1,700,000 for a 5 bedroom flat. To sum up the asking prices for properties in Great Russell Street, London, WC1B it comes to around average £626,421 for 1 bedroom property, £1,183,147 for 2 bedroom, £1,763,000 for 3 bedroom, £3,024,000 for 4 bedroom and £2,384,000 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 £2,197 for 1 bedroom to £2,817 for 2 bedroom and £4,830 for 3 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £2,090. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £3,018, £4,063 for 3 bedroom and £4,556 for 4 bedroom. You should be generally be expecting around average £2,099 rent per month for single bedroom property, £3,015 for 2 bedroom, £4,194 for 3 bedroom and approximately £4,556 for 4 bedroom property in Great Russell Street, London, WC1B area.

Popular Houses in Great Russell Street, London, WC1B

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.

Transportation in Great Russell Street, London, WC1B

Areas in and around Great Russell Street, London, WC1B