Penzance Place, London, W11

Street Guide For Penzance Place, London, W11

 
 

Penzance Place, London, W11 Map

Estimated Price: £2,171,226
Average Asking Price: £2,019,137
Price change in last one year: £254,143
Average Price Paid: £2,149,166
Average Rent Rates: £4,054

Karan Fossils
229 High Street, Acton, London, W3 9BY
Sycamore Associates LLP
36a Notting Hill Gate, London W11 3HX

Free House valuation

 

Property Prices Breakdown in Penzance Place, London, W11

Average Price for property in Penzance Place, London, W11 is around £2,171,226 which varies based on type of property you are interested in and ranges from £3,354,388 for terraced house to around £1,185,258 for a flat. Values have been changing and have risen £26,646 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £74,742 in last 6 months, £254,143 in last 1 year, £452,616 in last 2 years, £554,981 in last 3 years, £597,760 in last 4 years and £652,646 in last 5 years.

Currently average asking price of a property in Penzance Place, London, W11 is around £2,019,137 based on approximately 0 properties for sale. Same is the case with rental options based on 592 properties up for rent, average asking rent is around £4,054 per month.

Estimated property value in Penzance Place, London, W11 is £2,171,226. Average asking price is £2,019,137 while average price paid is £3,112,500 which is up by £554,981 and Avg. asking rent £4,054.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 Penzance Place, London, W11 area. In last 3 years alone average price buyer paid is around £3,112,500 based on approximately 1 sales in Penzance Place, London, W11 area alone. If you compare it to last 5 years sales of 3 properties where buyers paid around £2,149,166. It has been same for some time now for e.g. if you take an average of amount paid in last 7 years, it comes to around £1,824,375 for 4 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 £995,000, £1,437,500 for a 2 bedroom house, £1,941,805 for a 3 bedroom house, £4,691,250 for a 4 bedroom house and £4,963,000 for a 5 bedroom house. For a flat similarly the prices varies from £880,708 for a single bedroom to £1,291,277 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £2,077,896, £4,917,667 for a 4 bedroom flat and £5,400,000 for a 5 bedroom flat. To sum up the asking prices for properties in Penzance Place, London, W11 it comes to around average £882,232 for 1 bedroom property, £1,301,190 for 2 bedroom, £2,026,862 for 3 bedroom, £4,788,286 for 4 bedroom and £5,087,857 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 £2,533 for 1 bedroom to £4,940 for 2 bedrooms, £6,208 for 3 bedrooms, £9,759 for 4 bedrooms and £15,058 for 5 bedrooms house. But if you are interested in renting a 1 bedroom flat then rent per month can be around £2,313. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £2,982, £3,805 for 3 bedroom and £9,208 for 4 bedroom. You should be generally be expecting around average £2,340 rent per month for single bedroom property, £3,301 for 2 bedroom, £4,756 for 3 bedroom, £9,701 for 4 bedroom and approximately £15,058 for a 5 bedroom property in Penzance Place, London, W11 area.

Popular Houses in Penzance Place, London, W11

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 Penzance Place, London, W11