Pennington Way, London, SE12

Street Guide For Pennington Way, London, SE12

 
 

Pennington Way, London, SE12 Map

Estimated Price: £332,106
Average Asking Price: £412,001
Price change in last one year: £39,008
Average Price Paid: £222,349
Average Rent Rates: £1,247

Ram Estate Agent
713 Cranbrook Road, Gants Hill, Ilford, Essex, IG2

Free House valuation

 

Property Prices Breakdown in Pennington Way, London, SE12

Average Price for property in Pennington Way, London, SE12 is around £332,106 which varies based on type of property you are interested in and ranges from £389,492 for detached house to around £376,553 for semi-detached. Similarly terraced house is around £330,704 and a flat is worth £144,306. Values have been changing and have risen £3,414 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £9,839 in last 6 months, £39,008 in last 1 year, £71,147 in last 2 years, £82,988 in last 3 years, £82,450 in last 4 years and £88,784 in last 5 years.

Currently average asking price of a property in Pennington Way, London, SE12 is around £412,001 based on approximately 2 properties for sale. Same is the case with rental options based on 70 properties up for rent, average asking rent is around £1,247 per month.

Estimated property value in Pennington Way, London, SE12 is £332,106. Average asking price is £412,001 while average price paid is £256,275 which is up by £39,008 and Avg. asking rent £1,247.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 Pennington Way, London, SE12 area. In last 1 year alone average price buyer paid is around £256,275 based on approximately 2 sales in Pennington Way, London, SE12 area alone. If you compare it to last 3 years sales of 10 properties where buyers paid around £237,055. 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 £222,349 for 18 and average amount paid for purchase of approx. 24 properties sold in last 7 years comes to about £219,408 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 £368,738, £416,285 for a 3 bedroom house, £597,654 for a 4 bedroom house and £450,000 for a 5 bedroom house. For a flat similarly the prices varies from £187,494 for a single bedroom to £267,635 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £262,500. To sum up the asking prices for properties in Pennington Way, London, SE12 it comes to around average £187,494 for 1 bedroom property, £286,017 for 2 bedroom, £406,964 for 3 bedroom, £597,654 for 4 bedroom and £450,000 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 £429 for 1 bedroom to £1,232 for 2 bedroom, £1,510 for 3 bedroom and £1,863 for 4 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £831. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £1,239 and £1,433 for 3 bedroom. You should be generally be expecting around average £781 rent per month for single bedroom property, £1,238 for 2 bedroom, £1,489 for 3 bedroom and approximately £1,863 for 4 bedroom property in Pennington Way, London, SE12 area.

Popular Houses in Pennington Way, London, SE12

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 Pennington Way, London, SE12