Mile End

The Perfect Place for Leisure Activities

Area Guide For Mile End

Mile End is a district located in East London. This area is a part of London Borough of Tower Hamlets. Mile End is located only 3.6 miles away from Charing Cross. Mile End is considered to be one of the oldest suburbs in the history of City of London. During the 18th Century Mile End Town became a part of the metropolitan area of London.

 
 

Tags

Sports
Leisure
Football
Public Housing

Overview

  • The Neighbors

    Newly built houses and flats with two to three bedrooms each.

  • Ideal for

    People who enjoy leisure activities.

  • Deal Sealer

    Public Housing.

  • Not for

    People who dislike small houses.

  • You will Like

    Leisure activities.

Mile End Map

Estimated Price: £568,562
Average Asking Price: £423,244
Price change in last one year: £64,442
Average Price Paid: £290,127
Average Rent Rates: £1,515

 
 

Property Prices Breakdown in Mile End

Average Price for property in Mile End is around £568,562 which varies based on type of property you are interested in and ranges from £867,016 for detached house to around £610,311 for semi-detached. Similarly terraced house is around £651,786 and a flat is worth £552,467. Values have been changing and have risen £5,657 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £10,524 in last 6 months, £64,442 in last 1 year, £115,295 in last 2 years, £138,214 in last 3 years, £141,161 in last 4 years and £146,452 in last 5 years.

Currently average asking price of a property in Mile End is around £423,244 based on approximately 275 properties for sale. Same is the case with rental options based on 189 properties up for rent, average asking rent is around £1,515 per month.

Estimated property value in Mile End is £568,562. Average asking price is £423,244 while average price paid is £351,185 which is up by £64,442 and Avg. asking rent £1,515.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 Mile End area. In last 1 year alone average price buyer paid is around £351,185 based on approximately 275 sales in Mile End area alone. If you compare it to last 3 years sales of 893 properties where buyers paid around £305,178. 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 £290,127 for 1,348 and average amount paid for purchase of approx. 1,643 properties sold in last 7 years comes to about £282,787 per sale.

 
 

Properties For Sale in Mile End

 
 

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 2 bedroom is around £532,500, £612,500 for a 3 bedroom house, £699,950 for a 4 bedroom house and £1,000,000 for a 5 bedroom house. For a flat similarly the prices varies from £365,449 for a single bedroom to £388,329 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £433,172 and £480,000 for a 4 bedroom flat. To sum up the asking prices for properties in Mile End it comes to around average £365,449 for 1 bedroom property, £414,542 for 2 bedroom, £467,330 for 3 bedroom, £589,975 for 4 bedroom and £1,000,000 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 £803 for 1 bedroom to £1,927 for 2 bedrooms, £2,330 for 3 bedrooms, £2,736 for 4 bedrooms and £2,752 for 5 bedrooms house. But if you are interested in renting a 1 bedroom flat then rent per month can be around £1,073. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £1,741, £2,188 for 3 bedroom and £1,449 for 4 bedroom. You should be generally be expecting around average £1,031 rent per month for single bedroom property, £1,764 for 2 bedroom, £2,228 for 3 bedroom, £1,985 for 4 bedroom and approximately £2,752 for a 5 bedroom property in Mile End area.

Popular Houses in Mile End

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 Mile End

Sum it all up

 The Good

- Sporting Activities
- Leisure Activities
- Public Housing

 Best For

- People above the age of 30
- Singles
- Young Couples

Transportation in Mile End

Browse by Streets in Mile End