Melbourne Grove, London, SE22

Street Guide For Melbourne Grove, London, SE22

 

Melbourne Grove, London, SE22 Map

Estimated Price: £754,488
Average Asking Price: £653,971
Price change in last one year: £86,465
Average Price Paid: £587,979
Average Rent Rates: £1,824

Northwood Dulwich Limited
20 Upland Road, London, SE22 9EF

Free House valuation

 

Property Prices Breakdown in Melbourne Grove, London, SE22

Values have been changing and have risen £4,547 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £15,082 in last 6 months, £86,465 in last 1 year, £166,434 in last 2 years, £194,299 in last 3 years, £192,380 in last 4 years and £212,331 in last 5 years.

Currently average asking price of a property in Melbourne Grove, London, SE22 is around £653,971 based on approximately 5 properties for sale. Same is the case with rental options based on 139 properties up for rent, average asking rent is around £1,824 per month.

Estimated property value in Melbourne Grove, London, SE22 is £754,488. Average asking price is £653,971 while average price paid is £516,959 which is up by £86,465 and Avg. asking rent £1,824.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 Melbourne Grove, London, SE22 area. In last 1 year alone average price buyer paid is around £516,959 based on approximately 5 sales in Melbourne Grove, London, SE22 area alone. If you compare it to last 3 years sales of 22 properties where buyers paid around £595,309. 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 £587,979 for 36 and average amount paid for purchase of approx. 50 properties sold in last 7 years comes to about £548,343 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 £420,000, £651,933 for a 2 bedroom house, £734,232 for a 3 bedroom house, £1,039,437 for a 4 bedroom house and £1,090,625 for a 5 bedroom house. For a flat similarly the prices varies from £341,134 for a single bedroom to £445,926 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £516,661 and £375,000 for a 4 bedroom flat. To sum up the asking prices for properties in Melbourne Grove, London, SE22 it comes to around average £344,055 for 1 bedroom property, £491,147 for 2 bedroom, £657,442 for 3 bedroom, £1,021,479 for 4 bedroom and £1,090,625 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 £1,754 for 2 bedroom to £2,405 for 3 bedroom, £2,911 for 4 bedroom and £3,350 for 5 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £1,201. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £1,569, £1,867 for 3 bedroom and £2,700 for 4 bedroom. You should be generally be expecting around average £1,201 rent per month for single bedroom property, £1,599 for 2 bedroom, £2,136 for 3 bedroom, £2,899 for 4 bedroom and approximately £3,350 for a 5 bedroom property in Melbourne Grove, London, SE22 area.

Popular Houses in Melbourne Grove, London, SE22

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.

Transportation in Melbourne Grove, London, SE22

Areas in and around Melbourne Grove, London, SE22