Poplar

A developing neighbourhood with up and coming neighbours

Area Guide For Poplar

Located in the London Borough of Tower Hamlets, Poplar was hard hit during the World War II and it was not until the nearby Docklands started developing that Poplar remerged in the London property market. Affordable property and reasonable faciliaties attract low-income and middle-class families to the neighbourhood.

 
 

Tags

Developing
Transportation
Parks
DLR

Overview

  • The Neighbors

    Mainly council and ex-council flats and dwellings along with modern constructions.

  • Ideal for

    Families and professionals.

  • Deal Sealer

    Developed areas nearby.

  • Not for

    People looking for posh localities.

  • You will Like

    Parks around the neighbourhood.

Poplar Map

Estimated Price: £519,818
Average Asking Price: £557,951
Price change in last one year: £54,008
Average Price Paid: £378,384
Average Rent Rates: £2,464

 
 

Property Prices Breakdown in Poplar

Average Price for property in Poplar is around £519,818 which varies based on type of property you are interested in and ranges from £659,406 for detached house to around £561,615 for semi-detached. Similarly terraced house is around £568,416 and a flat is worth £513,095. Values have been changing and have risen £5,853 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £13,135 in last 6 months, £54,008 in last 1 year, £106,965 in last 2 years, £117,230 in last 3 years, £121,778 in last 4 years and £123,474 in last 5 years.

Currently average asking price of a property in Poplar is around £557,951 based on approximately 1,718 properties for sale. Same is the case with rental options based on 2,126 properties up for rent, average asking rent is around £2,464 per month.

Estimated property value in Poplar is £519,818. Average asking price is £557,951 while average price paid is £442,974 which is up by £54,008 and Avg. asking rent £2,464.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 Poplar area. In last 1 year alone average price buyer paid is around £442,974 based on approximately 1,718 sales in Poplar area alone. If you compare it to last 3 years sales of 5,171 properties where buyers paid around £394,620. 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 £378,384 for 8,714 and average amount paid for purchase of approx. 11,503 properties sold in last 7 years comes to about £374,135 per sale.

 
 

Properties For Sale in Poplar

 
 

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 £460,000, £480,260 for a 2 bedroom house, £697,079 for a 3 bedroom house, £837,394 for a 4 bedroom house and £763,750 for a 5 bedroom house. For a flat similarly the prices varies from £418,188 for a single bedroom to £591,856 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £860,496 and £2,531,665 for a 4 bedroom flat. To sum up the asking prices for properties in Poplar it comes to around average £419,037 for 1 bedroom property, £588,031 for 2 bedroom, £844,655 for 3 bedroom, £1,639,944 for 4 bedroom and £763,750 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 £1,017 for 1 bedroom to £2,136 for 2 bedrooms, £2,971 for 3 bedrooms, £3,655 for 4 bedrooms and £3,231 for 5 bedrooms house. But if you are interested in renting a 1 bedroom flat then rent per month can be around £1,506. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £2,801, £3,983 for 3 bedroom and £7,944 for 4 bedroom. You should be generally be expecting around average £1,472 rent per month for single bedroom property, £2,772 for 2 bedroom, £3,866 for 3 bedroom, £5,673 for 4 bedroom and approximately £3,231 for a 5 bedroom property in Poplar area.

Popular Houses in Poplar

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.

Sold Properties in Poplar

Sum it all up

 The Good

- Affordable housing
- Good transport links
- Nearby parks
- Good schools
- Diverse community

 Best For

- Young families
- Professionals

 The Bad

- Some areas are rundown
- Not the safest neighbourhood

Transportation in Poplar

Browse by Streets in Poplar