Area Guide For London

London is the capital city of England and the United Kingdom, the largest metropolitan area in the United Kingdom, and the largest urban zone in the European Union by most measures. Located on the River Thames, London has been a major settlement for two millennia, its history going back to its founding by the Romans, who named it Londinium. London's ancient core, the City of London, largely retains its square-mile mediaeval boundaries. Since at least the 19th century, the name London has also referred to the metropolis developed around this core. The bulk of this conurbation forms the London region and the Greater London administrative area, governed by the elected Mayor of London and the London Assembly. London is a leading global city, with strengths in the arts, commerce, education, entertainment, fashion, finance, healthcare, media, professional services, research and development, tourism and transport all contributing to its prominence.


London Map

Estimated Price: £633,488
Average Asking Price: £965,950
Price change in last one year: £60,743
Average Price Paid: £469,829
Average Rent Rates: £3,109


Property Prices Breakdown in London

Average Price for property in London is around £633,488 which varies based on type of property you are interested in and ranges from £1,131,939 for detached house to around £668,731 for semi-detached. Similarly terraced house is around £672,019 and a flat is worth £525,502. Values have been changing and have risen £3,773 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £7,389 in last 6 months, £60,743 in last 1 year, £113,422 in last 2 years, £135,760 in last 3 years, £139,037 in last 4 years and £143,893 in last 5 years.

Currently average asking price of a property in London is around £965,950 based on approximately 79,996 properties for sale. Same is the case with rental options based on 61,022 properties up for rent, average asking rent is around £3,109 per month.

Estimated property value in London is £633,488. Average asking price is £965,950 while average price paid is £544,272 which is up by £60,743 and Avg. asking rent £3,109.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 London area. In last 1 year alone average price buyer paid is around £544,272 based on approximately 79,996 sales in London area alone. If you compare it to last 3 years sales of 246,243 properties where buyers paid around £495,926. 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 £469,829 for 397,473 and average amount paid for purchase of approx. 523,227 properties sold in last 7 years comes to about £447,181 per sale.


Properties For Sale in London


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 £431,089, £588,224 for a 2 bedroom house, £643,163 for a 3 bedroom house, £1,104,730 for a 4 bedroom house and £1,764,036 for a 5 bedroom house. For a flat similarly the prices varies from £478,800 for a single bedroom to £700,963 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £1,390,671, £2,864,934 for a 4 bedroom flat and £5,458,946 for a 5 bedroom flat. To sum up the asking prices for properties in London it comes to around average £476,694 for 1 bedroom property, £687,406 for 2 bedroom, £960,799 for 3 bedroom, £1,335,753 for 4 bedroom and £1,990,171 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 £1,504 for 1 bedroom to £2,745 for 2 bedrooms, £3,044 for 3 bedrooms, £4,321 for 4 bedrooms and £6,307 for 5 bedrooms house. But if you are interested in renting a 1 bedroom flat then rent per month can be around £1,826. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £2,588, £4,711 for 3 bedroom, £7,743 for 4 bedroom and around £12,485 for 5 bedroom flat. You should be generally be expecting around average £1,795 rent per month for single bedroom property, £2,602 for 2 bedroom, £4,121 for 3 bedroom, £5,501 for 4 bedroom and approximately £7,563 for a 5 bedroom property in London area.

Popular Houses in London

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 London

Transportation in London

Areas in and around London