Norway Gate, London, SE16

Street Guide For Norway Gate, London, SE16

 
 

Norway Gate, London, SE16 Map

Estimated Price: £378,842
Average Asking Price: £582,204
Price change in last one year: £42,984
Average Price Paid: £276,666
Average Rent Rates: £1,754

Ram Estate Agent
713 Cranbrook Road, Gants Hill, Ilford, Essex, IG2

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Property Prices Breakdown in Norway Gate, London, SE16

Average Price for property in Norway Gate, London, SE16 is around £378,842 e.g. average price for a flat is around 378,842. Values have been changing and have risen £2,535 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £7,766 in last 6 months, £42,984 in last 1 year, £80,994 in last 2 years, £89,096 in last 3 years, £90,434 in last 4 years and £100,120 in last 5 years.

Currently average asking price of a property in Norway Gate, London, SE16 is around £582,204 based on approximately 1 properties for sale. Same is the case with rental options based on 369 properties up for rent, average asking rent is around £1,754 per month.

Estimated property value in Norway Gate, London, SE16 is £378,842. Average asking price is £582,204 while average price paid is £355,000 which is up by £42,984 and Avg. asking rent £1,754.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 Norway Gate, London, SE16 area. In last 1 year alone average price buyer paid is around £355,000 based on approximately 1 sales in Norway Gate, London, SE16 area alone. If you compare it to last 3 years sales of 2 properties where buyers paid around £302,500. 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 £276,666 for 3 and average amount paid for purchase of approx. 5 properties sold in last 7 years comes to about £264,790 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 £241,650, £527,500 for a 2 bedroom house, £674,996 for a 3 bedroom house and £946,000 for a 4 bedroom house. For a flat similarly the prices varies from £416,143 for a single bedroom to £582,500 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £899,364 and £1,081,250 for a 4 bedroom flat. To sum up the asking prices for properties in Norway Gate, London, SE16 it comes to around average £412,207 for 1 bedroom property, £581,206 for 2 bedroom, £850,284 for 3 bedroom and £1,006,111 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 £986 for 1 bedroom to £1,866 for 2 bedroom, £2,396 for 3 bedroom and £2,807 for 4 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £1,423. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £1,968 and £2,666 for 3 bedroom. You should be generally be expecting around average £1,339 rent per month for single bedroom property, £1,962 for 2 bedroom, £2,542 for 3 bedroom and approximately £2,807 for 4 bedroom property in Norway Gate, London, SE16 area.

Popular Houses in Norway Gate, London, SE16

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 Norway Gate, London, SE16

Areas in and around Norway Gate, London, SE16