Park Road, London, NW8

Street Guide For Park Road, London, NW8

 

Park Road, London, NW8 Map

Estimated Price: £1,952,836
Average Asking Price: £2,802,342
Price change in last one year: £214,991
Average Price Paid: £1,406,021
Average Rent Rates: £5,755

 

Property Prices Breakdown in Park Road, London, NW8

Average Price for property in Park Road, London, NW8 is around £1,952,836 e.g. average price for a flat is around 1,952,836. Values have been changing and have risen £38,198 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £93,443 in last 6 months, £214,991 in last 1 year, £358,694 in last 2 years, £488,624 in last 3 years, £464,939 in last 4 years and £540,677 in last 5 years.

Currently average asking price of a property in Park Road, London, NW8 is around £2,802,342 based on approximately 7 properties for sale. Same is the case with rental options based on 2,399 properties up for rent, average asking rent is around £5,755 per month.

Estimated property value in Park Road, London, NW8 is £1,952,836. Average asking price is £2,802,342 while average price paid is £1,812,142 which is up by £214,991 and Avg. asking rent £5,755.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 Road, London, NW8 area. In last 1 year alone average price buyer paid is around £1,812,142 based on approximately 7 sales in Park Road, London, NW8 area alone. If you compare it to last 3 years sales of 15 properties where buyers paid around £1,754,733. 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 £1,406,021 for 23 and average amount paid for purchase of approx. 40 properties sold in last 7 years comes to about £1,221,962 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 £3,000,000, £1,394,500 for a 2 bedroom house, £2,549,994 for a 3 bedroom house, £3,857,655 for a 4 bedroom house and £6,943,438 for a 5 bedroom house. For a flat similarly the prices varies from £623,083 for a single bedroom to £1,441,347 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £2,340,380, £4,190,842 for a 4 bedroom flat and £4,716,666 for a 5 bedroom flat. To sum up the asking prices for properties in Park Road, London, NW8 it comes to around average £645,506 for 1 bedroom property, £1,438,382 for 2 bedroom, £2,352,097 for 3 bedroom, £4,042,759 for 4 bedroom and £6,141,800 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 £2,024 for 1 bedroom to £3,493 for 2 bedrooms, £6,435 for 3 bedrooms, £10,672 for 4 bedrooms and £11,551 for 5 bedrooms house. But if you are interested in renting a 1 bedroom flat then rent per month can be around £1,934. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £3,077, £6,096 for 3 bedroom, £8,343 for 4 bedroom and around £7,281 for 5 bedroom flat. You should be generally be expecting around average £1,940 rent per month for single bedroom property, £3,101 for 2 bedroom, £6,120 for 3 bedroom, £9,091 for 4 bedroom and approximately £8,109 for a 5 bedroom property in Park Road, London, NW8 area.

Popular Houses in Park Road, London, NW8

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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Areas in and around Park Road, London, NW8