Melrose Avenue, London, NW2

Street Guide For Melrose Avenue, London, NW2

 
 

Melrose Avenue, London, NW2 Map

Estimated Price: £644,249
Average Asking Price: £725,991
Price change in last one year: £71,490
Average Price Paid: £504,199
Average Rent Rates: £1,885

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118 Fortune Green Road, West Hampstead

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Property Prices Breakdown in Melrose Avenue, London, NW2

Average Price for property in Melrose Avenue, London, NW2 is around £644,249 which varies based on type of property you are interested in and ranges from £787,850 for detached house to around £959,923 for semi-detached. Similarly terraced house is around £890,946 and a flat is worth £451,220. Values have been changing and have risen £13,376 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £35,561 in last 6 months, £71,490 in last 1 year, £121,876 in last 2 years, £168,673 in last 3 years, £162,498 in last 4 years and £184,446 in last 5 years.

Currently average asking price of a property in Melrose Avenue, London, NW2 is around £725,991 based on approximately 10 properties for sale. Same is the case with rental options based on 508 properties up for rent, average asking rent is around £1,885 per month.

Estimated property value in Melrose Avenue, London, NW2 is £644,249. Average asking price is £725,991 while average price paid is £610,485 which is up by £71,490 and Avg. asking rent £1,885.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 Melrose Avenue, London, NW2 area. In last 1 year alone average price buyer paid is around £610,485 based on approximately 10 sales in Melrose Avenue, London, NW2 area alone. If you compare it to last 3 years sales of 42 properties where buyers paid around £538,030. 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 £504,199 for 61 and average amount paid for purchase of approx. 75 properties sold in last 7 years comes to about £489,882 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 £249,950, £471,132 for a 2 bedroom house, £572,816 for a 3 bedroom house, £979,812 for a 4 bedroom house and £1,024,919 for a 5 bedroom house. For a flat similarly the prices varies from £352,178 for a single bedroom to £466,375 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £579,682, £610,825 for a 4 bedroom flat and £1,395,000 for a 5 bedroom flat. To sum up the asking prices for properties in Melrose Avenue, London, NW2 it comes to around average £348,246 for 1 bedroom property, £466,804 for 2 bedroom, £576,249 for 3 bedroom, £946,267 for 4 bedroom and £1,034,922 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 £922 for 1 bedroom to £1,579 for 2 bedrooms, £2,572 for 3 bedrooms, £3,429 for 4 bedrooms and £4,461 for 5 bedrooms house. But if you are interested in renting a 1 bedroom flat then rent per month can be around £1,282. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £1,743, £2,226 for 3 bedroom, £4,935 for 4 bedroom and around £5,691 for 5 bedroom flat. You should be generally be expecting around average £1,244 rent per month for single bedroom property, £1,732 for 2 bedroom, £2,329 for 3 bedroom, £4,068 for 4 bedroom and approximately £4,768 for a 5 bedroom property in Melrose Avenue, London, NW2 area.

Popular Houses in Melrose Avenue, London, NW2

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 Melrose Avenue, London, NW2

Areas in and around Melrose Avenue, London, NW2