North Woolwich

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Area Guide For North Woolwich

North Woolwich is an area that falls under London Borough of Newham and is located in the Eastern part of London. This area is right at the tip of River Thames and Woolwich. The transportation facilities in this area are quite well-established and the population here, over the years, has increased rapidly. 

 
 

Tags

High Population
Cheap Housing
Small Houses
River
Water
River-side

Overview

  • The Neighbors

    Small and affordable flats and houses with one to two bedrooms per house.

  • Ideal for

    Lower middle class and people who prefer cheaper housing.

  • Deal Sealer

    Cheaper housing.

  • Not for

    People who dislike densely populated areas.

  • You will Like

    Sense of community.

North Woolwich Map

Estimated Price: £381,974
Average Asking Price: £423,947
Price change in last one year: £46,475
Average Price Paid: £257,756
Average Rent Rates: £1,613

 
 

Property Prices Breakdown in North Woolwich

Average Price for property in North Woolwich is around £381,974 which varies based on type of property you are interested in and ranges from £466,747 for detached house to around £349,619 for semi-detached. Similarly terraced house is around £342,705 and a flat is worth £389,185. Values have been changing and have risen £4,561 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £10,146 in last 6 months, £46,475 in last 1 year, £78,506 in last 2 years, £89,620 in last 3 years, £89,689 in last 4 years and £97,257 in last 5 years.

Currently average asking price of a property in North Woolwich is around £423,947 based on approximately 143 properties for sale. Same is the case with rental options based on 141 properties up for rent, average asking rent is around £1,613 per month.

Estimated property value in North Woolwich is £381,974. Average asking price is £423,947 while average price paid is £265,862 which is up by £46,475 and Avg. asking rent £1,613.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 Woolwich area. In last 1 year alone average price buyer paid is around £265,862 based on approximately 143 sales in North Woolwich area alone. If you compare it to last 3 years sales of 361 properties where buyers paid around £261,779. 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 £257,756 for 576 and average amount paid for purchase of approx. 778 properties sold in last 7 years comes to about £262,656 per sale.

 
 

Properties For Sale in North Woolwich

 
 

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 £275,000, £376,665 for a 2 bedroom house, £537,500 for a 3 bedroom house, £840,082 for a 4 bedroom house and £465,000 for a 5 bedroom house. For a flat similarly the prices varies from £352,962 for a single bedroom to £402,675 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £685,834. To sum up the asking prices for properties in North Woolwich it comes to around average £351,229 for 1 bedroom property, £401,687 for 2 bedroom, £657,124 for 3 bedroom, £840,082 for 4 bedroom and £465,000 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 £1,018 for 1 bedroom to £1,950 for 2 bedrooms, £1,699 for 3 bedrooms, £1,842 for 4 bedrooms and £2,058 for 5 bedrooms house. But if you are interested in renting a 1 bedroom flat then rent per month can be around £1,183. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £1,501 and £2,714 for 3 bedroom. You should be generally be expecting around average £1,177 rent per month for single bedroom property, £1,508 for 2 bedroom, £2,447 for 3 bedroom, £1,842 for 4 bedroom and approximately £2,058 for a 5 bedroom property in North Woolwich area.

Popular Houses in North Woolwich

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.

Sum it all up

 The Good

- Cheaper Housing
- Sense of Community
- Transportation Facilities

 Best For

- People who prefer cheaper housing
- Young Families

Transportation in North Woolwich

Browse by Streets in North Woolwich