Homerton

The Musical Hub

Area Guide For Homerton

Homerton is a district in East London which is situated in the London Borough of Hackney. It is right on the Western border of Hackney Central, which is considered to be an important part of London. Right at the South there is Lower Clapton; also known for its ongoing activities. Other borders include Hackney Wick and Leyton; two areas which are full of energy and that have several pubs and places to visit. 

 
 

Tags

Music
Art
Cheap Housing
Hospital
Education
University
School

Overview

  • The Neighbors

    Most people in the neighbourhood are attached to art and live in small houses.

  • Ideal for

    People who are attached to art and music.

  • Deal Sealer

    Considered to be the hub of music with several galleries and studios.

  • Not for

    People who enjoy living in urban areas with a lot of population.

  • You will Like

    The educational and medical facilities in the area.

Homerton Map

Estimated Price: £406,095
Average Asking Price: £456,804
Price change in last one year: £47,193
Average Price Paid: £315,956
Average Rent Rates: £1,676

 
 

Property Prices Breakdown in Homerton

Average Price for property in Homerton is around £406,095 which varies based on type of property you are interested in and ranges from £511,158 for detached house to around £567,953 for semi-detached. Similarly terraced house is around £528,830 and a flat is worth £335,700. Values have been changing and have risen £5,082 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £11,542 in last 6 months, £47,193 in last 1 year, £82,845 in last 2 years, £97,212 in last 3 years, £99,616 in last 4 years and £106,592 in last 5 years.

Currently average asking price of a property in Homerton is around £456,804 based on approximately 269 properties for sale. Same is the case with rental options based on 138 properties up for rent, average asking rent is around £1,676 per month.

Estimated property value in Homerton is £406,095. Average asking price is £456,804 while average price paid is £385,080 which is up by £47,193 and Avg. asking rent £1,676.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 Homerton area. In last 1 year alone average price buyer paid is around £385,080 based on approximately 269 sales in Homerton area alone. If you compare it to last 3 years sales of 662 properties where buyers paid around £335,070. 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 £315,956 for 933 and average amount paid for purchase of approx. 1,142 properties sold in last 7 years comes to about £299,533 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 £400,000, £629,994 for a 2 bedroom house, £578,333 for a 3 bedroom house and £1,061,250 for a 4 bedroom house. For a flat similarly the prices varies from £265,500 for a single bedroom to £352,681 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £466,313 and £374,998 for a 4 bedroom flat. To sum up the asking prices for properties in Homerton it comes to around average £277,727 for 1 bedroom property, £423,990 for 2 bedroom, £481,588 for 3 bedroom and £832,499 for 4 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 £1,070 for 1 bedroom to £1,842 for 2 bedrooms, £2,480 for 3 bedrooms, £3,234 for 4 bedrooms and £3,250 for 5 bedrooms house. But if you are interested in renting a 1 bedroom flat then rent per month can be around £1,132. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £1,682, £2,157 for 3 bedroom, £2,383 for 4 bedroom and around £2,383 for 5 bedroom flat. You should be generally be expecting around average £1,123 rent per month for single bedroom property, £1,714 for 2 bedroom, £2,270 for 3 bedroom, £3,064 for 4 bedroom and approximately £2,816 for a 5 bedroom property in Homerton 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.

Sum it all up

 The Good

- Hub for music
- Cheaper housing
- Good education
- Good health facilities

 Best For

- Families
- People who love art and music

 The Bad

- Fewer economic hubs
- Relatively less facilties for transport as compared to the rest of London

Transportation in Homerton

Browse by Streets in Homerton