Kennington Lane, London, SE11

Street Guide For Kennington Lane, London, SE11

 
 

Kennington Lane, London, SE11 Map

Estimated Price: £528,493
Average Asking Price: £644,122
Price change in last one year: £56,843
Average Price Paid: £443,768
Average Rent Rates: £1,959

Ram Estate Agent
713 Cranbrook Road, Gants Hill, Ilford, Essex, IG2

Free House valuation

 

Property Prices Breakdown in Kennington Lane, London, SE11

Values have been changing and have risen £3,584 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £11,529 in last 6 months, £56,843 in last 1 year, £107,546 in last 2 years, £131,144 in last 3 years, £128,241 in last 4 years and £141,103 in last 5 years.

Currently average asking price of a property in Kennington Lane, London, SE11 is around £644,122 based on approximately 7 properties for sale. Same is the case with rental options based on 114 properties up for rent, average asking rent is around £1,959 per month.

Estimated property value in Kennington Lane, London, SE11 is £528,493. Average asking price is £644,122 while average price paid is £628,714 which is up by £56,843 and Avg. asking rent £1,959.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 Kennington Lane, London, SE11 area. In last 1 year alone average price buyer paid is around £628,714 based on approximately 7 sales in Kennington Lane, London, SE11 area alone. If you compare it to last 3 years sales of 27 properties where buyers paid around £478,681. 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 £443,768 for 43 and average amount paid for purchase of approx. 58 properties sold in last 7 years comes to about £404,310 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 £499,000, £770,750 for a 2 bedroom house, £1,241,359 for a 3 bedroom house, £1,251,667 for a 4 bedroom house and £1,475,000 for a 5 bedroom house. For a flat similarly the prices varies from £442,369 for a single bedroom to £651,069 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £869,947 and £1,010,000 for a 4 bedroom flat. To sum up the asking prices for properties in Kennington Lane, London, SE11 it comes to around average £443,178 for 1 bedroom property, £654,899 for 2 bedroom, £1,006,132 for 3 bedroom, £1,155,000 for 4 bedroom and £1,475,000 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 £1,901 for 2 bedroom to £3,070 for 3 bedroom and £2,817 for 4 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £1,484. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £2,033, £2,548 for 3 bedroom and £2,726 for 4 bedroom. You should be generally be expecting around average £1,484 rent per month for single bedroom property, £2,025 for 2 bedroom, £2,643 for 3 bedroom and approximately £2,771 for 4 bedroom property in Kennington Lane, London, SE11 area.

Popular Houses in Kennington Lane, London, SE11

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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Areas in and around Kennington Lane, London, SE11