Parliament Hill

Area Guide For Parliament Hill

Parliament Hill is an area of open parkland in the South East corner of Hampstead Heath in North West London. Famous for its iconic views over the city of London, originally this was once a defence point during the English Civil Was, named after the troops loyal to Parliament. Parliament Hill is renowned as a cross-country running venue and hosted the 2009 English National Championships. It is a popular place that is used by walkers, runners and kite flyers.

 
 

Parliament Hill Map

Estimated Price: £1,283,829
Average Asking Price: £1,391,616
Price change in last one year: £154,218
Average Price Paid: £870,223
Average Rent Rates: £3,162

 
 

Property Prices Breakdown in Parliament Hill

Average Price for property in Parliament Hill is around £1,283,829 which varies based on type of property you are interested in and ranges from £3,655,291 for detached house to around £2,771,511 for semi-detached. Similarly terraced house is around £1,880,979 and a flat is worth £741,987. Values have been changing and have risen £16,982 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £46,762 in last 6 months, £154,218 in last 1 year, £268,099 in last 2 years, £303,559 in last 3 years, £326,176 in last 4 years and £349,224 in last 5 years.

Currently average asking price of a property in Parliament Hill is around £1,391,616 based on approximately 163 properties for sale. Same is the case with rental options based on 153 properties up for rent, average asking rent is around £3,162 per month.

Estimated property value in Parliament Hill is £1,283,829. Average asking price is £1,391,616 while average price paid is £1,078,489 which is up by £154,218 and Avg. asking rent £3,162.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 Parliament Hill area. In last 1 year alone average price buyer paid is around £1,078,489 based on approximately 163 sales in Parliament Hill area alone. If you compare it to last 3 years sales of 535 properties where buyers paid around £959,792. 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 £870,223 for 978 and average amount paid for purchase of approx. 1,288 properties sold in last 7 years comes to about £845,094 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 £824,975, £2,450,000 for a 2 bedroom house, £3,315,000 for a 3 bedroom house, £2,792,500 for a 4 bedroom house and £3,300,000 for a 5 bedroom house. For a flat similarly the prices varies from £526,673 for a single bedroom to £845,622 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £1,301,053, £1,495,000 for a 4 bedroom flat and £2,483,333 for a 5 bedroom flat. To sum up the asking prices for properties in Parliament Hill it comes to around average £547,980 for 1 bedroom property, £912,471 for 2 bedroom, £1,588,759 for 3 bedroom, £2,648,333 for 4 bedroom and £2,891,667 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 £4,599 for 1 bedroom to £4,355 for 2 bedrooms, £5,140 for 3 bedrooms, £7,259 for 4 bedrooms and £9,479 for 5 bedrooms house. But if you are interested in renting a 1 bedroom flat then rent per month can be around £1,690. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £2,130, £5,540 for 3 bedroom and £2,939 for 4 bedroom. You should be generally be expecting around average £1,927 rent per month for single bedroom property, £2,258 for 2 bedroom, £5,356 for 3 bedroom, £6,081 for 4 bedroom and approximately £9,479 for a 5 bedroom property in Parliament Hill area.

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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