Old Oak Common

Area Guide For Old Oak Common

Old Oak Common is an area of London, between Harlesden and Acton known for its railway depots. The new proposed regeneration scheme with 5 billion pounds supporting it for the area of Old Oak Common has proposed new homes, offices, retail outlets, and a proposed football stadium.

 
 

Old Oak Common Map

Estimated Price: £450,948
Average Asking Price: £608,060
Price change in last one year: £49,155
Average Price Paid: £327,597
Average Rent Rates: £1,719

 
 

Property Prices Breakdown in Old Oak Common

Average Price for property in Old Oak Common is around £450,948 which varies based on type of property you are interested in and ranges from £609,200 for detached house to around £585,872 for semi-detached. Similarly terraced house is around £527,081 and a flat is worth £335,257. Values have been changing and have risen £10,627 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £27,992 in last 6 months, £49,155 in last 1 year, £89,371 in last 2 years, £116,025 in last 3 years, £116,321 in last 4 years and £132,936 in last 5 years.

Currently average asking price of a property in Old Oak Common is around £608,060 based on approximately 16 properties for sale. Same is the case with rental options based on 22 properties up for rent, average asking rent is around £1,719 per month.

Estimated property value in Old Oak Common is £450,948. Average asking price is £608,060 while average price paid is £431,030 which is up by £49,155 and Avg. asking rent £1,719.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 Old Oak Common area. In last 1 year alone average price buyer paid is around £431,030 based on approximately 16 sales in Old Oak Common area alone. If you compare it to last 3 years sales of 65 properties where buyers paid around £366,714. 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 £327,597 for 114 and average amount paid for purchase of approx. 159 properties sold in last 7 years comes to about £307,753 per sale.

 
 

Properties For Sale in Old Oak Common

 
 

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 £691,650, £714,133 for a 3 bedroom house and £722,500 for a 4 bedroom house. For a flat similarly the prices varies from £269,950 for a single bedroom to £337,990 for a 2 bedroom Flat. To sum up the asking prices for properties in Old Oak Common it comes to around average £269,950 for 1 bedroom property, £530,895 for 2 bedroom, £714,133 for 3 bedroom and £722,500 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 £1,549 for 2 bedroom to £2,204 for 3 bedroom and £2,354 for 4 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £1,130. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £1,534. You should be generally be expecting around average £1,130 rent per month for single bedroom property, £1,538 for 2 bedroom, £2,204 for 3 bedroom and approximately £2,354 for 4 bedroom property in Old Oak Common area.

Popular Houses in Old Oak Common

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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