Norwood Road, London, SE24

Street Guide For Norwood Road, London, SE24

 
 

Norwood Road, London, SE24 Map

Estimated Price: £450,815
Average Asking Price: £668,399
Price change in last one year: £51,600
Average Price Paid: £306,102
Average Rent Rates: £2,020

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

Free House valuation

 

Property Prices Breakdown in Norwood Road, London, SE24

Average Price for property in Norwood Road, London, SE24 is around £450,815 which varies based on type of property you are interested in and ranges from £791,293 for detached house to around £628,774 for semi-detached. Similarly terraced house is around £576,896 and a flat is worth £413,437. Values have been changing and have risen £4,440 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £12,183 in last 6 months, £51,600 in last 1 year, £97,787 in last 2 years, £113,427 in last 3 years, £116,981 in last 4 years and £128,870 in last 5 years.

Currently average asking price of a property in Norwood Road, London, SE24 is around £668,399 based on approximately 19 properties for sale. Same is the case with rental options based on 58 properties up for rent, average asking rent is around £2,020 per month.

Estimated property value in Norwood Road, London, SE24 is £450,815. Average asking price is £668,399 while average price paid is £369,137 which is up by £51,600 and Avg. asking rent £2,020.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 Norwood Road, London, SE24 area. In last 1 year alone average price buyer paid is around £369,137 based on approximately 19 sales in Norwood Road, London, SE24 area alone. If you compare it to last 3 years sales of 59 properties where buyers paid around £331,115. 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 £306,102 for 86 and average amount paid for purchase of approx. 136 properties sold in last 7 years comes to about £288,445 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 £588,400, £813,926 for a 3 bedroom house, £1,093,333 for a 4 bedroom house and £1,343,328 for a 5 bedroom house. For a flat similarly the prices varies from £339,678 for a single bedroom to £488,135 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £577,980 and £649,975 for a 4 bedroom flat. To sum up the asking prices for properties in Norwood Road, London, SE24 it comes to around average £339,678 for 1 bedroom property, £501,328 for 2 bedroom, £726,539 for 3 bedroom, £982,494 for 4 bedroom and £1,343,328 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 £833 for 1 bedroom to £1,993 for 2 bedrooms, £2,342 for 3 bedrooms, £3,337 for 4 bedrooms and £4,216 for 5 bedrooms house. But if you are interested in renting a 1 bedroom flat then rent per month can be around £1,214. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £1,656 and £1,968 for 3 bedroom. You should be generally be expecting around average £1,132 rent per month for single bedroom property, £1,672 for 2 bedroom, £2,104 for 3 bedroom, £3,337 for 4 bedroom and approximately £4,216 for a 5 bedroom property in Norwood Road, London, SE24 area.

Popular Houses in Norwood Road, London, SE24

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 Norwood Road, London, SE24

Areas in and around Norwood Road, London, SE24