Nunhead

Area Guide For Nunhead

Nunhead is a place in the London Borough of Southwark, London. Traditionally a working-class area and, with the adjacent neighbourhoods, is currently going through a lengthy process of gentrification. Nunhead has some fine examples of late Victorian / early Edwardian properties; these can be seen on both Carden Road and Tresco Road. Much of the area has great views over the city and has great links from Nunhead station or from Queen's road Peckham to the north, Honour Oak Park to the south, and Brockley to the east, all on the Overground line.

 
 

Nunhead Map

Estimated Price: £441,356
Average Asking Price: £488,434
Price change in last one year: £43,552
Average Price Paid: £325,018
Average Rent Rates: £1,515

 
 

Property Prices Breakdown in Nunhead

Average Price for property in Nunhead is around £441,356 which varies based on type of property you are interested in and ranges from £657,676 for detached house to around £588,034 for semi-detached. Similarly terraced house is around £535,511 and a flat is worth £334,161. Values have been changing and have risen £4,688 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £14,198 in last 6 months, £43,552 in last 1 year, £91,100 in last 2 years, £104,885 in last 3 years, £108,454 in last 4 years and £118,303 in last 5 years.

Currently average asking price of a property in Nunhead is around £488,434 based on approximately 267 properties for sale. Same is the case with rental options based on 41 properties up for rent, average asking rent is around £1,515 per month.

Estimated property value in Nunhead is £441,356. Average asking price is £488,434 while average price paid is £397,376 which is up by £43,552 and Avg. asking rent £1,515.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 Nunhead area. In last 1 year alone average price buyer paid is around £397,376 based on approximately 267 sales in Nunhead area alone. If you compare it to last 3 years sales of 858 properties where buyers paid around £347,317. 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 £325,018 for 1,307 and average amount paid for purchase of approx. 1,651 properties sold in last 7 years comes to about £311,784 per sale.

 
 

Properties For Sale in Nunhead

 
 

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 £463,325, £620,137 for a 3 bedroom house and £683,729 for a 4 bedroom house. For a flat similarly the prices varies from £297,582 for a single bedroom to £406,915 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £432,292 and £383,317 for a 4 bedroom flat. To sum up the asking prices for properties in Nunhead it comes to around average £297,582 for 1 bedroom property, £414,437 for 2 bedroom, £565,871 for 3 bedroom and £623,647 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 £1,499 for 1 bedroom to £1,746 for 2 bedrooms, £2,235 for 3 bedrooms, £2,347 for 4 bedrooms and £2,947 for 5 bedrooms house. But if you are interested in renting a 1 bedroom flat then rent per month can be around £1,134. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £1,458 and £1,352 for 3 bedroom. You should be generally be expecting around average £1,162 rent per month for single bedroom property, £1,489 for 2 bedroom, £2,014 for 3 bedroom, £2,346 for 4 bedroom and approximately £2,947 for a 5 bedroom property in Nunhead area.

Popular Houses in Nunhead

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.

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