New Street, London, EC2M

Street Guide For New Street, London, EC2M

 

New Street, London, EC2M Map

Estimated Price: £2,590,979
Average Asking Price: £1,460,678
Price change in last one year: £327,609
Average Price Paid: £1,814,159
Average Rent Rates: £2,756

 

Property Prices Breakdown in New Street, London, EC2M

Average Price for property in New Street, London, EC2M is around £2,590,979 e.g. average price for a flat is around 2,590,979. Values have been changing and have risen £17,125 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £60,311 in last 6 months, £327,609 in last 1 year, £533,148 in last 2 years, £737,547 in last 3 years, £648,834 in last 4 years and £737,094 in last 5 years.

Currently average asking price of a property in New Street, London, EC2M is around £1,460,678 based on approximately 2 properties for sale. Same is the case with rental options based on 262 properties up for rent, average asking rent is around £2,756 per month.

Estimated property value in New Street, London, EC2M is £2,590,979. Average asking price is £1,460,678 while average price paid is £1,837,499 which is up by £327,609 and Avg. asking rent £2,756.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 New Street, London, EC2M area. In last 1 year alone average price buyer paid is around £1,837,499 based on approximately 2 sales in New Street, London, EC2M area alone. If you compare it to last 3 years sales of 5 properties where buyers paid around £2,060,149. 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 £1,814,159 for 11 and average amount paid for purchase of approx. 11 properties sold in last 7 years comes to about £1,814,159 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 2 bedroom is around £1,125,000 and £2,700,000 for a 3 bedroom house. For a flat similarly the prices varies from £828,859 for a single bedroom to £1,489,276 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £4,222,500 and £10,166,667 for a 4 bedroom flat. To sum up the asking prices for properties in New Street, London, EC2M it comes to around average £828,859 for 1 bedroom property, £1,465,774 for 2 bedroom, £4,005,000 for 3 bedroom and £10,166,667 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 £21,667 for 2 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £2,600. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £3,744, £3,825 for 3 bedroom and £3,445 for 4 bedroom. You should be generally be expecting around average £2,596 rent per month for single bedroom property, £4,029 for 2 bedroom, £3,825 for 3 bedroom and approximately £3,445 for 4 bedroom property in New Street, London, EC2M area.

Popular Houses in New Street, London, EC2M

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 New Street, London, EC2M

Areas in and around New Street, London, EC2M