Crystal Palace

A Town on the Rise

Area Guide For Crystal Palace

Crystal Palace is one of those prime locations in London, which have drawn a lot of interest in the last few years, primarily due to the major regeneration work being carried out here. The area has seen major improvements in the transportation infrastructure and is an affordable place for young professionals and families.

 
 

Tags

Schools
Pubs
Restaurants
Houses
Park life
Shops
Transportation

Overview

  • The Neighbors

    Victorian houses dominate the residential premises, many of which have been developed into flats. There are also many detached and semi detached 1930 style buildings in Norwood New Town.

  • Ideal for

    Young Professionals, Families.

  • Deal Sealer

    Park land, Restaurants, Pubs.

  • Not for

    People looking for really posh areas.

  • You will Like

    Upper Norwood Library, Crystal Palace Museum, Crystal Palace Football Club, The Triangle, Crystal Palace National Sports Centre.

Crystal Palace Map

Estimated Price: £367,980
Average Asking Price: £466,512
Price change in last one year: £40,411
Average Price Paid: £271,250
Average Rent Rates: £1,276

 
 

Property Prices Breakdown in Crystal Palace

Average Price for property in Crystal Palace is around £367,980 which varies based on type of property you are interested in and ranges from £829,457 for detached house to around £554,422 for semi-detached. Similarly terraced house is around £435,549 and a flat is worth £281,138. Values have been changing and have risen £2,181 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £7,208 in last 6 months, £40,411 in last 1 year, £75,504 in last 2 years, £90,760 in last 3 years, £92,689 in last 4 years and £98,197 in last 5 years.

Currently average asking price of a property in Crystal Palace is around £466,512 based on approximately 677 properties for sale. Same is the case with rental options based on 138 properties up for rent, average asking rent is around £1,276 per month.

Estimated property value in Crystal Palace is £367,980. Average asking price is £466,512 while average price paid is £320,852 which is up by £40,411 and Avg. asking rent £1,276.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 Crystal Palace area. In last 1 year alone average price buyer paid is around £320,852 based on approximately 677 sales in Crystal Palace area alone. If you compare it to last 3 years sales of 1,952 properties where buyers paid around £282,014. 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 £271,250 for 2,794 and average amount paid for purchase of approx. 3,520 properties sold in last 7 years comes to about £262,018 per sale.

 
 

Properties For Sale in Crystal Palace

 
 

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 £325,000, £445,817 for a 2 bedroom house, £479,844 for a 3 bedroom house, £804,248 for a 4 bedroom house and £969,989 for a 5 bedroom house. For a flat similarly the prices varies from £237,593 for a single bedroom to £324,567 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £408,797. To sum up the asking prices for properties in Crystal Palace it comes to around average £239,493 for 1 bedroom property, £327,999 for 2 bedroom, £449,739 for 3 bedroom, £804,248 for 4 bedroom and £969,989 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 £820 for 1 bedroom to £1,362 for 2 bedrooms, £2,022 for 3 bedrooms, £2,061 for 4 bedrooms and £3,224 for 5 bedrooms house. But if you are interested in renting a 1 bedroom flat then rent per month can be around £1,029. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £1,302 and £1,260 for 3 bedroom. You should be generally be expecting around average £1,002 rent per month for single bedroom property, £1,307 for 2 bedroom, £1,750 for 3 bedroom, £2,061 for 4 bedroom and approximately £3,224 for a 5 bedroom property in Crystal Palace area.

Popular Houses in Crystal Palace

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 Crystal Palace

Sum it all up

 The Good

- Good Pubs and Restaurants
- Good Transportation
- Park life
- Sporting Facilities
- Architecture
- Relatively Low Prices
- Spacious Houses

 Best For

- City Workers
- Young Professionals
- Families

 The Bad

 - Expensive

Transportation in Crystal Palace

Browse by Streets in Crystal Palace