Palace Gate, London, W8

Street Guide For Palace Gate, London, W8

 
 

Palace Gate, London, W8 Map

Estimated Price: £2,467,826
Average Asking Price: £3,438,967
Price change in last one year: £218,093
Average Price Paid: £2,006,788
Average Rent Rates: £5,312

Interlet International
14 Abingdon Road, London, W8 6AF

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Property Prices Breakdown in Palace Gate, London, W8

Average Price for property in Palace Gate, London, W8 is around £2,467,826 e.g. average price for a flat is around 2,467,826. Values have been changing and have risen £21,321 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £62,810 in last 6 months, £218,093 in last 1 year, £483,451 in last 2 years, £635,788 in last 3 years, £688,372 in last 4 years and £742,963 in last 5 years.

Currently average asking price of a property in Palace Gate, London, W8 is around £3,438,967 based on approximately 2 properties for sale. Same is the case with rental options based on 1,098 properties up for rent, average asking rent is around £5,312 per month.

Estimated property value in Palace Gate, London, W8 is £2,467,826. Average asking price is £3,438,967 while average price paid is £1,737,499 which is up by £218,093 and Avg. asking rent £5,312.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 Palace Gate, London, W8 area. In last 1 year alone average price buyer paid is around £1,737,499 based on approximately 2 sales in Palace Gate, London, W8 area alone. If you compare it to last 3 years sales of 12 properties where buyers paid around £2,162,499. 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 £2,006,788 for 19 and average amount paid for purchase of approx. 26 properties sold in last 7 years comes to about £1,691,191 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 £650,000, £2,225,000 for a 2 bedroom house, £4,777,273 for a 3 bedroom house, £5,823,077 for a 4 bedroom house and £7,599,947 for a 5 bedroom house. For a flat similarly the prices varies from £1,049,649 for a single bedroom to £1,587,692 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £2,737,499, £4,690,206 for a 4 bedroom flat and £14,424,833 for a 5 bedroom flat. To sum up the asking prices for properties in Palace Gate, London, W8 it comes to around average £1,038,547 for 1 bedroom property, £1,639,088 for 2 bedroom, £3,044,862 for 3 bedroom, £5,181,117 for 4 bedroom and £9,237,920 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 £3,401 for 1 bedroom to £5,163 for 2 bedrooms, £8,494 for 3 bedrooms, £10,566 for 4 bedrooms and £14,777 for 5 bedrooms house. But if you are interested in renting a 1 bedroom flat then rent per month can be around £2,785. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £3,993, £7,598 for 3 bedroom, £10,873 for 4 bedroom and around £16,913 for 5 bedroom flat. You should be generally be expecting around average £2,826 rent per month for single bedroom property, £4,110 for 2 bedroom, £7,744 for 3 bedroom, £10,807 for 4 bedroom and approximately £16,379 for a 5 bedroom property in Palace Gate, London, W8 area.

Popular Houses in Palace Gate, London, W8

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 Palace Gate, London, W8

Areas in and around Palace Gate, London, W8