Park Lane, London, N9

Street Guide For Park Lane, London, N9

 

Park Lane, London, N9 Map

Estimated Price: £338,378
Average Asking Price: £276,073
Price change in last one year: £36,491
Average Price Paid: £263,814
Average Rent Rates: £1,111

 

Property Prices Breakdown in Park Lane, London, N9

Average Price for property in Park Lane, London, N9 is around £338,378 which varies based on type of property you are interested in and ranges from £339,540 for semi-detached to around £310,466 for terraced house. Values have been changing and have risen £2,373 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £6,509 in last 6 months, £36,491 in last 1 year, £66,531 in last 2 years, £75,604 in last 3 years, £76,128 in last 4 years and £85,521 in last 5 years.

Currently average asking price of a property in Park Lane, London, N9 is around £276,073 based on approximately 1 properties for sale. Same is the case with rental options based on 91 properties up for rent, average asking rent is around £1,111 per month.

Estimated property value in Park Lane, London, N9 is £338,378. Average asking price is £276,073 while average price paid is £255,000 which is up by £36,491 and Avg. asking rent £1,111.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 Park Lane, London, N9 area. In last 1 year alone average price buyer paid is around £255,000 based on approximately 1 sales in Park Lane, London, N9 area alone. If you compare it to last 3 years sales of 5 properties where buyers paid around £272,900. 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 £263,814 for 7 and average amount paid for purchase of approx. 7 properties sold in last 7 years comes to about £263,814 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 £277,213, £326,239 for a 3 bedroom house, £389,367 for a 4 bedroom house and £516,667 for a 5 bedroom house. For a flat similarly the prices varies from £145,992 for a single bedroom to £222,553 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £232,498. To sum up the asking prices for properties in Park Lane, London, N9 it comes to around average £145,992 for 1 bedroom property, £237,022 for 2 bedroom, £319,543 for 3 bedroom, £389,367 for 4 bedroom and £516,667 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 £583 for 1 bedroom to £1,237 for 2 bedroom, £1,801 for 3 bedroom and £1,705 for 4 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £821. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £1,201 and £1,342 for 3 bedroom. You should be generally be expecting around average £764 rent per month for single bedroom property, £1,205 for 2 bedroom, £1,656 for 3 bedroom and approximately £1,705 for 4 bedroom property in Park Lane, London, N9 area.

Popular Houses in Park Lane, London, N9

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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