Hoxton

Area Guide For Hoxton

Hoxton is a district in the East End of London, in the London Borough of Hackney. During the Tudor times, Hoxton positioned just outside the northeast city wall was still very much untouched and countryside, a large expanse of fields and trees. It was extremely popular with the gentry, ambassadors and wealthy immigrants looking for a better quality of life. By the end of the 17th Century the wealthy estates in Hoxton were being broken up, with many of the large houses being used as mad houses and almshouses for the elderly or infirm. Hoxton’s today seen a new era, with pubs and clubs opening around Hoxton Square to cater to the creative crowed, bringing with it a vibrant arts community, new money and regeneration. Hoxton Street however felt the importance of a real, close-knit London community and with a special heritage holds firmly and brings on its history.

 
 

Hoxton Map

Estimated Price: £517,028
Average Asking Price: £781,042
Price change in last one year: £60,267
Average Price Paid: £419,090
Average Rent Rates: £2,544

 
 

Property Prices Breakdown in Hoxton

Average Price for property in Hoxton is around £517,028 which varies based on type of property you are interested in and ranges from £745,041 for detached house to around £988,814 for semi-detached. Similarly terraced house is around £1,022,170 and a flat is worth £488,598. Values have been changing and have risen £584 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £2,202 in last 6 months, £60,267 in last 1 year, £94,737 in last 2 years, £142,807 in last 3 years, £122,248 in last 4 years and £140,333 in last 5 years.

Currently average asking price of a property in Hoxton is around £781,042 based on approximately 66 properties for sale. Same is the case with rental options based on 78 properties up for rent, average asking rent is around £2,544 per month.

Estimated property value in Hoxton is £517,028. Average asking price is £781,042 while average price paid is £483,650 which is up by £60,267 and Avg. asking rent £2,544.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 Hoxton area. In last 1 year alone average price buyer paid is around £483,650 based on approximately 66 sales in Hoxton area alone. If you compare it to last 3 years sales of 263 properties where buyers paid around £453,194. 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 £419,090 for 396 and average amount paid for purchase of approx. 508 properties sold in last 7 years comes to about £390,113 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 3 bedroom is around £1,350,000. For a flat similarly the prices varies from £458,557 for a single bedroom to £1,201,574 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £771,608. To sum up the asking prices for properties in Hoxton it comes to around average £458,557 for 1 bedroom property, £1,201,574 for 2 bedroom and £812,922 for 3 bedroom.

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 £1,495 for 1 bedroom to £3,878 for 3 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £1,891. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £2,521, £3,556 for 3 bedroom and £3,683 for 5 bedroom. You should be generally be expecting around average £1,873 rent per month for single bedroom property, £2,521 for 2 bedroom, £3,592 for 3 bedroom and approximately £3,683 for 5 bedroom property in Hoxton 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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