Melville Place, London, N1

Street Guide For Melville Place, London, N1

 

Melville Place, London, N1 Map

Estimated Price: £615,537
Average Asking Price: £837,434
Price change in last one year: £65,394
Average Price Paid: £426,777
Average Rent Rates: £2,417

 

Property Prices Breakdown in Melville Place, London, N1

Average Price for property in Melville Place, London, N1 is around £615,537 e.g. average price for a flat is around 615,537. Values have been changing and have risen £5,093 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £13,022 in last 6 months, £65,394 in last 1 year, £128,243 in last 2 years, £142,412 in last 3 years, £149,006 in last 4 years and £163,515 in last 5 years.

Currently average asking price of a property in Melville Place, London, N1 is around £837,434 based on approximately 1 properties for sale. Same is the case with rental options based on 923 properties up for rent, average asking rent is around £2,417 per month.

Estimated property value in Melville Place, London, N1 is £615,537. Average asking price is £837,434 while average price paid is £635,000 which is up by £65,394 and Avg. asking rent £2,417.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 Melville Place, London, N1 area. In last 1 year alone average price buyer paid is around £635,000 based on approximately 1 sales in Melville Place, London, N1 area alone. If you compare it to last 3 years sales of 7 properties where buyers paid around £470,714. 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 £426,777 for 9 and average amount paid for purchase of approx. 16 properties sold in last 7 years comes to about £382,156 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 £462,480, £857,772 for a 2 bedroom house, £1,351,748 for a 3 bedroom house, £1,562,385 for a 4 bedroom house and £2,202,777 for a 5 bedroom house. For a flat similarly the prices varies from £550,498 for a single bedroom to £753,078 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £963,402 and £1,000,000 for a 4 bedroom flat. To sum up the asking prices for properties in Melville Place, London, N1 it comes to around average £544,026 for 1 bedroom property, £758,090 for 2 bedroom, £1,053,715 for 3 bedroom, £1,471,187 for 4 bedroom and £2,202,777 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 £1,468 for 1 bedroom to £2,819 for 2 bedrooms, £4,256 for 3 bedrooms, £5,261 for 4 bedrooms and £6,500 for 5 bedrooms house. But if you are interested in renting a 1 bedroom flat then rent per month can be around £1,716. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £2,530, £3,439 for 3 bedroom, £3,036 for 4 bedroom and around £3,412 for 5 bedroom flat. You should be generally be expecting around average £1,701 rent per month for single bedroom property, £2,546 for 2 bedroom, £3,653 for 3 bedroom, £4,201 for 4 bedroom and approximately £4,442 for a 5 bedroom property in Melville Place, London, N1 area.

Popular Houses in Melville Place, London, N1

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 Melville Place, London, N1

Areas in and around Melville Place, London, N1