Grove Terrace, London, NW5

Street Guide For Grove Terrace, London, NW5

 
 

Grove Terrace, London, NW5 Map

Estimated Price: £2,360,114
Average Asking Price: £921,642
Price change in last one year: £250,872
Average Price Paid: £1,945,875
Average Rent Rates: £2,667

Karan Fossils
229 High Street, Acton, London, W3 9BY

Free House valuation

 

Property Prices Breakdown in Grove Terrace, London, NW5

Average Price for property in Grove Terrace, London, NW5 is around £2,360,114 which varies based on type of property you are interested in and ranges from £2,556,520 for detached house to around £4,029,600 for semi-detached. Similarly terraced house is around £2,546,769 and a flat is worth £1,053,746. Values have been changing and have risen £44,730 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £119,763 in last 6 months, £250,872 in last 1 year, £452,376 in last 2 years, £615,994 in last 3 years, £594,011 in last 4 years and £667,557 in last 5 years.

Currently average asking price of a property in Grove Terrace, London, NW5 is around £921,642 based on approximately 1 properties for sale. Same is the case with rental options based on 205 properties up for rent, average asking rent is around £2,667 per month.

Estimated property value in Grove Terrace, London, NW5 is £2,360,114. Average asking price is £921,642 while average price paid is £2,050,000 which is up by £250,872 and Avg. asking rent £2,667.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 Grove Terrace, London, NW5 area. In last 1 year alone average price buyer paid is around £2,050,000 based on approximately 1 sales in Grove Terrace, London, NW5 area alone. If you compare it to last 3 years sales of 6 properties where buyers paid around £1,932,000. 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 £1,945,875 for 8 and average amount paid for purchase of approx. 8 properties sold in last 7 years comes to about £1,945,875 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 2 bedroom is around £873,738, £1,305,373 for a 3 bedroom house, £1,947,490 for a 4 bedroom house and £1,650,455 for a 5 bedroom house. For a flat similarly the prices varies from £436,874 for a single bedroom to £615,796 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £898,174, £1,520,825 for a 4 bedroom flat and £2,709,000 for a 5 bedroom flat. To sum up the asking prices for properties in Grove Terrace, London, NW5 it comes to around average £436,874 for 1 bedroom property, £631,669 for 2 bedroom, £982,199 for 3 bedroom, £1,787,491 for 4 bedroom and £1,981,250 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 £1,300 for 1 bedroom to £2,261 for 2 bedrooms, £3,495 for 3 bedrooms, £4,038 for 4 bedrooms and £6,446 for 5 bedrooms house. But if you are interested in renting a 1 bedroom flat then rent per month can be around £1,550. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £2,035, £3,696 for 3 bedroom, £3,737 for 4 bedroom and around £3,467 for 5 bedroom flat. You should be generally be expecting around average £1,546 rent per month for single bedroom property, £2,045 for 2 bedroom, £3,644 for 3 bedroom, £3,938 for 4 bedroom and approximately £5,453 for a 5 bedroom property in Grove Terrace, London, NW5 area.

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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