Primrose Hill

Area Guide For Primrose Hill

Primrose Hill is a hill of 78.1 metres located in the northern side of Regent’s Park in London. The hill gives a spectacular picturesque view of central London.  This relatively quiet area, which retains many of its original features, is the most coveted part of the neighbourhood and is home to some of the finest musicians, poets and actors in this country. Primrose Hill offers a good selection of smart lifestyle shops, most of which are situated on a quaint shopping street. Many of the shops are small independent boutiques selling top class fashionable clothes or chic designer furnishings, while the local food shops mainly stock up on organic food and drink.

 
 

Primrose Hill Map

Estimated Price: £1,355,238
Average Asking Price: £2,306,376
Price change in last one year: £157,337
Average Price Paid: £1,101,236
Average Rent Rates: £5,296

 
 

Property Prices Breakdown in Primrose Hill

Average Price for property in Primrose Hill is around £1,355,238 which varies based on type of property you are interested in and ranges from £4,390,792 for detached house to around £2,776,811 for semi-detached. Similarly terraced house is around £2,155,221 and a flat is worth £1,100,237. Values have been changing and have risen £27,787 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £69,291 in last 6 months, £157,337 in last 1 year, £261,713 in last 2 years, £358,191 in last 3 years, £335,251 in last 4 years and £386,729 in last 5 years.

Currently average asking price of a property in Primrose Hill is around £2,306,376 based on approximately 289 properties for sale. Same is the case with rental options based on 1,414 properties up for rent, average asking rent is around £5,296 per month.

Estimated property value in Primrose Hill is £1,355,238. Average asking price is £2,306,376 while average price paid is £1,352,817 which is up by £157,337 and Avg. asking rent £5,296.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 Primrose Hill area. In last 1 year alone average price buyer paid is around £1,352,817 based on approximately 289 sales in Primrose Hill area alone. If you compare it to last 3 years sales of 877 properties where buyers paid around £1,223,948. 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 £1,101,236 for 1,621 and average amount paid for purchase of approx. 2,195 properties sold in last 7 years comes to about £997,419 per sale.

 
 

Properties For Sale in Primrose Hill

 
 

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 £1,597,143, £2,004,283 for a 3 bedroom house, £2,553,742 for a 4 bedroom house and £3,427,272 for a 5 bedroom house. For a flat similarly the prices varies from £705,933 for a single bedroom to £1,424,378 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £2,601,139, £5,012,083 for a 4 bedroom flat and £4,661,100 for a 5 bedroom flat. To sum up the asking prices for properties in Primrose Hill it comes to around average £705,933 for 1 bedroom property, £1,433,205 for 2 bedroom, £2,475,799 for 3 bedroom, £4,028,747 for 4 bedroom and £3,982,495 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 £2,227 for 1 bedroom to £3,292 for 2 bedrooms, £6,205 for 3 bedrooms, £6,526 for 4 bedrooms and £11,307 for 5 bedrooms house. But if you are interested in renting a 1 bedroom flat then rent per month can be around £1,962. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £3,072, £7,337 for 3 bedroom, £8,885 for 4 bedroom and around £7,604 for 5 bedroom flat. You should be generally be expecting around average £1,980 rent per month for single bedroom property, £3,083 for 2 bedroom, £7,162 for 3 bedroom, £8,576 for 4 bedroom and approximately £7,894 for a 5 bedroom property in Primrose Hill area.

Popular Houses in Primrose Hill

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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