Barbican

Area Guide For Barbican

Barbican residential area built during the 1960s and the 1970s in the City of London. An area once devastated by World War II bombings and today densely populated. Neighbouring amongst the Barbican Arts Centre, the Museum of London, the Guildhall School of Music and Drama, Barbican public library and the City of London School for Girls, forming the Barbican Complex. The Minister for the Arts, Tessa Blackstone, announced in September 2001 that the Barbican complex was to be Grade II listed. It has been designated a site of special architectural interest for its scale, its cohesion and the ambition of the project. The complex is architecturally important as it is one of London's principal examples of concrete brutalist architecture and considered a landmark.

 
 

Barbican Map

Estimated Price: £832,240
Average Asking Price: £1,589,182
Price change in last one year: £96,601
Average Price Paid: £615,660
Average Rent Rates: £2,838

 
 

Property Prices Breakdown in Barbican

Average Price for property in Barbican is around £832,240 which varies based on type of property you are interested in and ranges from £658,100 for detached house to around £7,271,851 for semi-detached. Similarly terraced house is around £1,703,006 and a flat is worth £814,995. Values have been changing and have risen £936 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £3,529 in last 6 months, £96,601 in last 1 year, £151,849 in last 2 years, £228,899 in last 3 years, £195,945 in last 4 years and £224,931 in last 5 years.

Currently average asking price of a property in Barbican is around £1,589,182 based on approximately 87 properties for sale. Same is the case with rental options based on 125 properties up for rent, average asking rent is around £2,838 per month.

Estimated property value in Barbican is £832,240. Average asking price is £1,589,182 while average price paid is £776,514 which is up by £96,601 and Avg. asking rent £2,838.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 Barbican area. In last 1 year alone average price buyer paid is around £776,514 based on approximately 87 sales in Barbican area alone. If you compare it to last 3 years sales of 290 properties where buyers paid around £692,195. 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 £615,660 for 575 and average amount paid for purchase of approx. 718 properties sold in last 7 years comes to about £585,596 per sale.

 
 

Properties For Sale in Barbican

 
 

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 £805,000, £1,700,000 for a 2 bedroom house and £3,600,000 for a 4 bedroom house. For a flat similarly the prices varies from £786,966 for a single bedroom to £1,541,331 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £4,426,667 and £8,525,000 for a 4 bedroom flat. To sum up the asking prices for properties in Barbican it comes to around average £787,341 for 1 bedroom property, £1,558,961 for 2 bedroom, £4,426,667 for 3 bedroom and £6,883,333 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 £2,492 for 1 bedroom to £6,717 for 2 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £2,406. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £4,511 and £3,385 for 3 bedroom. You should be generally be expecting around average £2,409 rent per month for single bedroom property, £4,607 for 2 bedroom and approximately £3,386 for 3 bedroom property in Barbican area.

Popular Houses in Barbican

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 Barbican

Transportation in Barbican

Browse by Streets in Barbican