Spitalfields

An Arty Cosmopolitan Town

Area Guide For Spitalfields

It is a very historic and trendy town with decent educational and transport facilities. Spitalfields is one of the most famous shopping and dining destinations in the capital, and is also known for its wonderful art galleries. The houses here are slightly expensive, but the facilities available here and the great architecture makes it all worthwhile.

 
 

Tags

Schools
Pubs
Houses
Park life
Shops
Transportation

Overview

  • The Neighbors

    There are a lot of 17 century houses and warehouse loft-style style period houses standing above the shops and overlooking the streets in Spitalfields.

  • Ideal for

    Middle and Upper Class Families, Young Professionals

  • Deal Sealer

    A great shopping destination

  • Not for

    People who are more inclined towards rural surroundings

  • You will Like

    Transport, Places, Range of Houses

Spitalfields Map

Estimated Price: £706,378
Average Asking Price: £890,465
Price change in last one year: £78,109
Average Price Paid: £486,722
Average Rent Rates: £2,394

 
 

Property Prices Breakdown in Spitalfields

Average Price for property in Spitalfields is around £706,378 which varies based on type of property you are interested in and ranges from £1,050,955 for detached house to around £824,428 for semi-detached. Similarly terraced house is around £834,563 and a flat is worth £689,355. Values have been changing and have risen £6,857 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £12,755 in last 6 months, £78,109 in last 1 year, £139,749 in last 2 years, £167,530 in last 3 years, £171,099 in last 4 years and £177,509 in last 5 years.

Currently average asking price of a property in Spitalfields is around £890,465 based on approximately 421 properties for sale. Same is the case with rental options based on 416 properties up for rent, average asking rent is around £2,394 per month.

Estimated property value in Spitalfields is £706,378. Average asking price is £890,465 while average price paid is £554,201 which is up by £78,109 and Avg. asking rent £2,394.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 Spitalfields area. In last 1 year alone average price buyer paid is around £554,201 based on approximately 421 sales in Spitalfields area alone. If you compare it to last 3 years sales of 669 properties where buyers paid around £529,430. 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 £486,722 for 932 and average amount paid for purchase of approx. 1,133 properties sold in last 7 years comes to about £463,688 per sale.

 
 

Properties For Sale in Spitalfields

 
 

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 £609,500, £1,334,750 for a 2 bedroom house, £2,431,667 for a 3 bedroom house, £2,531,667 for a 4 bedroom house and £899,995 for a 5 bedroom house. For a flat similarly the prices varies from £581,467 for a single bedroom to £852,866 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £1,191,515, £708,738 for a 4 bedroom flat and £735,000 for a 5 bedroom flat. To sum up the asking prices for properties in Spitalfields it comes to around average £582,246 for 1 bedroom property, £860,897 for 2 bedroom, £1,267,442 for 3 bedroom, £1,489,993 for 4 bedroom and £789,998 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 £1,825 for 1 bedroom to £6,514 for 2 bedroom and £3,035 for 3 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £1,889. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £2,372, £2,767 for 3 bedroom, £2,880 for 4 bedroom and around £3,012 for 5 bedroom flat. You should be generally be expecting around average £1,888 rent per month for single bedroom property, £2,459 for 2 bedroom, £2,840 for 3 bedroom, £2,880 for 4 bedroom and approximately £3,012 for a 5 bedroom property in Spitalfields area.

Popular Houses in Spitalfields

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.

Sold Properties in Spitalfields

Sum it all up

 The Good

- Good Schools
- Places
- Access to Amenities
- Transport
- Ranges of Houses
- Architecture

 Best For

- Upper and Middle Class Families
- Professionals

 The Bad

- Some streets are quite pricey
- Park Life

Transportation in Spitalfields

Browse by Streets in Spitalfields