Mercer Street, London, WC2H

Street Guide For Mercer Street, London, WC2H

 

Mercer Street, London, WC2H Map

Estimated Price: £1,391,394
Average Asking Price: £2,168,154
Price change in last one year: £10,374
Average Price Paid: £1,272,372
Average Rent Rates: £4,621

 

Property Prices Breakdown in Mercer Street, London, WC2H

Average Price for property in Mercer Street, London, WC2H is around £1,391,394 which varies based on type of property you are interested in and ranges from £2,842,703 for terraced house to around £847,152 for a flat. Values have been changing and have risen £744 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £12,858 in last 6 months, £10,374 in last 1 year, £253,342 in last 2 years, £259,153 in last 3 years, £303,937 in last 4 years and £348,671 in last 5 years.

Currently average asking price of a property in Mercer Street, London, WC2H is around £2,168,154 based on approximately 0 properties for sale. Same is the case with rental options based on 275 properties up for rent, average asking rent is around £4,621 per month.

Estimated property value in Mercer Street, London, WC2H is £1,391,394. Average asking price is £2,168,154 while average price paid is £1,272,372 which is up by £259,153 and Avg. asking rent £4,621.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 Mercer Street, London, WC2H area. In last 3 years alone average price buyer paid is around £1,272,372 based on approximately 2 sales in Mercer Street, London, WC2H area alone. If you compare it to last 5 years sales of 2 properties where buyers paid around £1,272,372. It has been same for some time now for e.g. if you take an average of amount paid in last 7 years, it comes to around £973,248 for 3 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 £599,950, £2,064,929 for a 2 bedroom house, £2,850,000 for a 3 bedroom house and £4,400,000 for a 4 bedroom house. For a flat similarly the prices varies from £1,056,444 for a single bedroom to £2,283,854 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £3,648,031 and £5,712,500 for a 4 bedroom flat. To sum up the asking prices for properties in Mercer Street, London, WC2H it comes to around average £1,048,435 for 1 bedroom property, £2,257,880 for 2 bedroom, £3,579,629 for 3 bedroom and £5,450,000 for 4 bedroom.

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 £2,308 for 1 bedroom to £4,535 for 2 bedroom, £8,580 for 3 bedroom and £18,742 for 5 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £2,701. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £4,484, £6,825 for 3 bedroom, £16,689 for 4 bedroom and around £16,033 for 5 bedroom flat. You should be generally be expecting around average £2,684 rent per month for single bedroom property, £4,491 for 2 bedroom, £7,099 for 3 bedroom, £16,689 for 4 bedroom and approximately £17,839 for a 5 bedroom property in Mercer Street, London, WC2H area.

Popular Houses in Mercer Street, London, WC2H

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.

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