Limehouse

Cheaper London

Area Guide For Limehouse

Limehouse is a district in East London, located in the London Borough of Tower Hamlets. It is right in the North of Thames, between the areas of Rotherline and Ratcliff. To the East there is Milwall, home to several football grounds.

 
 

Tags

Business
Cheap housing
Transportation

Overview

  • The Neighbors

    Small flats and houses that are available for cheap.

  • Ideal for

    People who prefer cheaper housing.

  • Deal Sealer

    Transportation.

  • Not for

    People who dislike urban areas.

  • You will Like

    Educational faclities.

Limehouse Map

Estimated Price: £567,491
Average Asking Price: £523,683
Price change in last one year: £59,685
Average Price Paid: £411,457
Average Rent Rates: £2,617

 
 

Property Prices Breakdown in Limehouse

Average Price for property in Limehouse is around £567,491 which varies based on type of property you are interested in and ranges from £643,248 for detached house to around £605,691 for semi-detached. Similarly terraced house is around £658,968 and a flat is worth £557,971. Values have been changing and have risen £6,467 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £14,515 in last 6 months, £59,685 in last 1 year, £118,210 in last 2 years, £129,554 in last 3 years, £134,577 in last 4 years and £136,452 in last 5 years.

Currently average asking price of a property in Limehouse is around £523,683 based on approximately 341 properties for sale. Same is the case with rental options based on 451 properties up for rent, average asking rent is around £2,617 per month.

Estimated property value in Limehouse is £567,491. Average asking price is £523,683 while average price paid is £488,454 which is up by £59,685 and Avg. asking rent £2,617.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 Limehouse area. In last 1 year alone average price buyer paid is around £488,454 based on approximately 341 sales in Limehouse area alone. If you compare it to last 3 years sales of 1,022 properties where buyers paid around £431,331. 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 £411,457 for 1,603 and average amount paid for purchase of approx. 1,985 properties sold in last 7 years comes to about £408,916 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 £365,000, £446,248 for a 2 bedroom house, £754,998 for a 3 bedroom house, £1,375,000 for a 4 bedroom house and £475,000 for a 5 bedroom house. For a flat similarly the prices varies from £400,769 for a single bedroom to £509,001 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £659,096 and £374,996 for a 4 bedroom flat. To sum up the asking prices for properties in Limehouse it comes to around average £399,852 for 1 bedroom property, £506,116 for 2 bedroom, £664,424 for 3 bedroom, £624,997 for 4 bedroom and £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 £997 for 1 bedroom to £1,853 for 2 bedroom, £4,067 for 3 bedroom and £4,197 for 4 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £1,465. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £2,704, £3,913 for 3 bedroom and £10,671 for 4 bedroom. You should be generally be expecting around average £1,433 rent per month for single bedroom property, £2,680 for 2 bedroom, £3,944 for 3 bedroom and approximately £6,923 for 4 bedroom property in Limehouse area.

Popular Houses in Limehouse

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

- Education
- Transport
- Cheaper housing

 Best For

- Newer families
- Commuters

 The Bad

- Traffic
- Noise
- Crime rate

Transportation in Limehouse

Browse by Streets in Limehouse