North East London

Area Guide For North East London

The North East London area includes Hackney, Waltham Forest and Redbridge, with major neighbourhoods like Barking, Stratford, Walthamstow and part of Canary Wharf. The area itself is undergoing redevelopment and connectivity is being increased. While some of the best areas and properties are in Central and North London, the North East London region has its uniqueness. There are plenty of places to see, good hotels, restaurants and parks here while property prices are lower than Central London.

 
 

North East London Map

Estimated Price: £470,829
Average Asking Price: £563,449
Price change in last one year: £53,499
Average Price Paid: £369,514
Average Rent Rates: £1,925

 
 

Property Prices Breakdown in North East London

Average Price for property in North East London is around £470,829 which varies based on type of property you are interested in and ranges from £936,926 for detached house to around £598,867 for semi-detached. Similarly terraced house is around £520,568 and a flat is worth £403,994. Values have been changing and have risen £4,696 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £8,737 in last 6 months, £53,499 in last 1 year, £95,715 in last 2 years, £114,742 in last 3 years, £117,188 in last 4 years and £121,581 in last 5 years.

Currently average asking price of a property in North East London is around £563,449 based on approximately 8,278 properties for sale. Same is the case with rental options based on 4,564 properties up for rent, average asking rent is around £1,925 per month.

Estimated property value in North East London is £470,829. Average asking price is £563,449 while average price paid is £439,617 which is up by £53,499 and Avg. asking rent £1,925.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 North East London area. In last 1 year alone average price buyer paid is around £439,617 based on approximately 8,278 sales in North East London area alone. If you compare it to last 3 years sales of 24,343 properties where buyers paid around £394,124. 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 £369,514 for 39,163 and average amount paid for purchase of approx. 52,605 properties sold in last 7 years comes to about £351,670 per sale.

 
 

Properties For Sale in North East London

 
 

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 £376,210, £460,245 for a 2 bedroom house, £529,986 for a 3 bedroom house, £806,916 for a 4 bedroom house and £1,027,784 for a 5 bedroom house. For a flat similarly the prices varies from £407,987 for a single bedroom to £499,594 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £738,902, £592,066 for a 4 bedroom flat and £715,833 for a 5 bedroom flat. To sum up the asking prices for properties in North East London it comes to around average £406,458 for 1 bedroom property, £494,986 for 2 bedroom, £609,983 for 3 bedroom, £779,981 for 4 bedroom and £1,012,055 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 £1,138 for 1 bedroom to £1,888 for 2 bedrooms, £2,305 for 3 bedrooms, £2,723 for 4 bedrooms and £2,906 for 5 bedrooms house. But if you are interested in renting a 1 bedroom flat then rent per month can be around £1,472. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £1,984, £2,548 for 3 bedroom, £2,738 for 4 bedroom and around £2,677 for 5 bedroom flat. You should be generally be expecting around average £1,437 rent per month for single bedroom property, £1,975 for 2 bedroom, £2,445 for 3 bedroom, £2,728 for 4 bedroom and approximately £2,865 for a 5 bedroom property in North East London area.

Popular Houses in North East London

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 North East London

Areas in and around North East London