North West London

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Area Guide For North West London

Harrow, Brent and Camden roughly make up the North West London area. Brent is one of the most culturally diverse boroughs of London with a high percentage of ethnic minorities as well. Similarly, Camden is known for its markets, where you can find almost anything you need. Even Harrow has a lot of diversity in terms of religions, and the overall cultural diversity of North West London means there are a lot of events throughout the year, including musicals and celebrations.

North West London Map

Estimated Price: £852,176
Average Asking Price: £1,349,690
Price change in last one year: £97,534

Average Price Paid: £672,655
Average Rent Rates: £3,935

Property Prices Breakdown in North West London

Average Price for property in North West London is around £852,176 which varies based on type of property you are interested in and ranges from £2,175,871 for detached house to around £1,019,600 for semi-detached. Similarly terraced house is around £1,009,818 and a flat is worth £647,691. Values have been changing and have risen £20,542 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £54,105 in last 6 months, £97,534 in last 1 year, £168,869 in last 2 years, £229,042 in last 3 years, £224,513 in last 4 years and £248,469 in last 5 years.

Currently average asking price of a property in North West London is around £1,349,690 based on approximately 4,990 properties for sale. Same is the case with rental options based on 8,715 properties up for rent, average asking rent is around £3,935 per month.

Estimated property value in North West London is £852,176. Average asking price is £1,349,690 while average price paid is £766,545 which is up by £97,534 and Avg. asking rent £3,935.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 West London area. In last 1 year alone average price buyer paid is around £766,545 based on approximately 4,990 sales in North West London area alone. If you compare it to last 3 years sales of 15,269 properties where buyers paid around £712,934. 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 £672,655 for 25,718 and average amount paid for purchase of approx. 33,945 properties sold in last 7 years comes to about £633,587 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 £319,733, £865,625 for a 2 bedroom house, £938,332 for a 3 bedroom house, £1,533,719 for a 4 bedroom house and £2,305,354 for a 5 bedroom house. For a flat similarly the prices varies from £471,535 for a single bedroom to £705,281 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £1,442,799, £2,692,048 for a 4 bedroom flat and £3,329,995 for a 5 bedroom flat. To sum up the asking prices for properties in North West London it comes to around average £468,895 for 1 bedroom property, £718,296 for 2 bedroom, £1,273,655 for 3 bedroom, £1,862,950 for 4 bedroom and £2,408,758 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 £1,534 for 1 bedroom to £2,600 for 2 bedrooms, £3,931 for 3 bedrooms, £7,826 for 4 bedrooms and £6,751 for 5 bedrooms house. But if you are interested in renting a 1 bedroom flat then rent per month can be around £1,733. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £2,524, £4,971 for 3 bedroom, £6,727 for 4 bedroom and around £7,393 for 5 bedroom flat. You should be generally be expecting around average £1,718 rent per month for single bedroom property, £2,530 for 2 bedroom, £4,798 for 3 bedroom, £7,160 for 4 bedroom and approximately £7,038 for a 5 bedroom property in North West London area.

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.