Mortimer Street, London, W1T

Street Guide For Mortimer Street, London, W1T

 

Mortimer Street, London, W1T Map

Estimated Price: £1,426,278
Average Asking Price: £3,242,832
Price change in last one year: £78,573
Average Price Paid: £403,000
Average Rent Rates: £6,692

 

Property Prices Breakdown in Mortimer Street, London, W1T

Average Price for property in Mortimer Street, London, W1T is around £1,426,278 e.g. average price for a flat is around 1,426,278. Values have been changing and have risen £4,436 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £11,081 in last 6 months, £78,573 in last 1 year, £250,675 in last 2 years, £370,965 in last 3 years, £396,278 in last 4 years and £422,669 in last 5 years.

Currently average asking price of a property in Mortimer Street, London, W1T is around £3,242,832 based on approximately 0 properties for sale. Same is the case with rental options based on 2,974 properties up for rent, average asking rent is around £6,692 per month.

Estimated property value in Mortimer Street, London, W1T is £1,426,278. Average asking price is £3,242,832 while average price paid is £485,000 which is up by £370,965 and Avg. asking rent £6,692.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 Mortimer Street, London, W1T area. In last 3 years alone average price buyer paid is around £485,000 based on approximately 1 sales in Mortimer Street, London, W1T area alone. If you compare it to last 5 years sales of 2 properties where buyers paid around £403,000. 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 £403,000 for 2 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 £1,076,662, £2,042,857 for a 2 bedroom house, £5,083,333 for a 3 bedroom house, £8,210,680 for a 4 bedroom house and £5,646,875 for a 5 bedroom house. For a flat similarly the prices varies from £1,146,987 for a single bedroom to £1,993,097 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £3,461,142, £6,039,265 for a 4 bedroom flat and £9,510,000 for a 5 bedroom flat. To sum up the asking prices for properties in Mortimer Street, London, W1T it comes to around average £1,141,964 for 1 bedroom property, £1,997,804 for 2 bedroom, £3,559,456 for 3 bedroom, £6,797,536 for 4 bedroom and £7,793,056 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 £6,114 for 1 bedroom to £7,142 for 2 bedrooms, £11,013 for 3 bedrooms, £10,647 for 4 bedrooms and £20,904 for 5 bedrooms house. But if you are interested in renting a 1 bedroom flat then rent per month can be around £3,474. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £5,178, £9,689 for 3 bedroom, £18,445 for 4 bedroom and around £65,671 for 5 bedroom flat. You should be generally be expecting around average £3,610 rent per month for single bedroom property, £5,334 for 2 bedroom, £9,849 for 3 bedroom, £16,729 for 4 bedroom and approximately £43,764 for a 5 bedroom property in Mortimer Street, London, W1T area.

Popular Houses in Mortimer Street, London, W1T

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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