Finsbury

Area Guide For Finsbury

Islington South and Finsbury is a parliamentary constituency represented in the House of Commons of the Parliament of the United Kingdom. It elects one Member of Parliament (MP) by the first-past-the-post system of election. The seat covers the southern part of the London Borough of Islington, including Barnsbury, Canonbury, parts of Holloway and Kings Cross and the former area of the Metropolitan Borough of Finsbury, which includes Bunhill, Pentonville and Clerkenwell. Its boundaries remained unchanged for the 2010 general election. The constituency is made up of eight electoral wards of the London Borough of Islington: Barnesbury, Bunhill, Caledonian, Canonbury, Clerkenwell, Holloway, St Mary's, St Peter's. Islington was an early stronghold for the Social Democratic Party in which all three sitting Labour MPs defected to the party together with a majority of the Borough Council. However, in the 1983 general election Labour managed to retain the constituency narrowly. The new MP, Chris Smith, was the first MP to come out as gay and was identified with the Labour left, and kept the seat with a slight increase in his majority in 1987. By 1992 the Liberal Democrats had faded and no
 
 

Finsbury Map

Estimated Price: £767,089
Average Asking Price: £929,790
Price change in last one year: £90,034
Average Price Paid: £581,961
Average Rent Rates: £2,561

 
 

Property Prices Breakdown in Finsbury

Average Price for property in Finsbury is around £767,089 which varies based on type of property you are interested in and ranges from £1,624,638 for detached house to around £1,450,351 for semi-detached. Similarly terraced house is around £1,329,814 and a flat is worth £719,722. Values have been changing and have risen £874 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £3,291 in last 6 months, £90,034 in last 1 year, £141,524 in last 2 years, £213,335 in last 3 years, £182,619 in last 4 years and £209,635 in last 5 years.

Currently average asking price of a property in Finsbury is around £929,790 based on approximately 229 properties for sale. Same is the case with rental options based on 578 properties up for rent, average asking rent is around £2,561 per month.

Estimated property value in Finsbury is £767,089. Average asking price is £929,790 while average price paid is £724,635 which is up by £90,034 and Avg. asking rent £2,561.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 Finsbury area. In last 1 year alone average price buyer paid is around £724,635 based on approximately 229 sales in Finsbury area alone. If you compare it to last 3 years sales of 984 properties where buyers paid around £626,243. 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 £581,961 for 1,502 and average amount paid for purchase of approx. 1,910 properties sold in last 7 years comes to about £556,854 per sale.

 
 

Properties For Sale in Finsbury

 
 

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 £609,158, £1,151,250 for a 2 bedroom house, £1,587,990 for a 3 bedroom house, £3,137,500 for a 4 bedroom house and £2,795,000 for a 5 bedroom house. For a flat similarly the prices varies from £669,775 for a single bedroom to £1,045,924 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £1,156,140, £650,000 for a 4 bedroom flat and £1,700,000 for a 5 bedroom flat. To sum up the asking prices for properties in Finsbury it comes to around average £667,100 for 1 bedroom property, £1,050,055 for 2 bedroom, £1,269,785 for 3 bedroom, £2,640,000 for 4 bedroom and £2,638,571 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 £2,710 for 1 bedroom to £3,192 for 2 bedroom, £3,332 for 3 bedroom and £6,478 for 5 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £2,152. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £2,855, £3,691 for 3 bedroom and £3,662 for 4 bedroom. You should be generally be expecting around average £2,174 rent per month for single bedroom property, £2,863 for 2 bedroom, £3,666 for 3 bedroom, £3,662 for 4 bedroom and approximately £6,478 for a 5 bedroom property in Finsbury area.

Popular Houses in Finsbury

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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