Area Guide For Purley

Purley is a district of South London within the London Borough of Croydon. The location is very convenient for commuters needing to access Central London. Purley has earned a reputation for providing spacious homes in a less urban environment while still retaining convenient links to inner London. For this reason it has become home to some of the highest earners in the UK, including celebrities such as Francis Rossi, lead singer of Status Quo.


Purley Map

Estimated Price: £534,945
Average Asking Price: £752,799
Price change in last one year: £37,532
Average Price Paid: £385,011
Average Rent Rates: £1,507


Property Prices Breakdown in Purley

Average Price for property in Purley is around £534,945 which varies based on type of property you are interested in and ranges from £779,123 for detached house to around £470,012 for semi-detached. Similarly terraced house is around £350,773 and a flat is worth £252,898. Values have been changing and have risen £4,356 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £6,748 in last 6 months, £37,532 in last 1 year, £80,495 in last 2 years, £86,365 in last 3 years, £84,793 in last 4 years and £93,931 in last 5 years.

Currently average asking price of a property in Purley is around £752,799 based on approximately 356 properties for sale. Same is the case with rental options based on 68 properties up for rent, average asking rent is around £1,507 per month.

Estimated property value in Purley is £534,945. Average asking price is £752,799 while average price paid is £417,622 which is up by £37,532 and Avg. asking rent £1,507.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 Purley area. In last 1 year alone average price buyer paid is around £417,622 based on approximately 356 sales in Purley area alone. If you compare it to last 3 years sales of 1,034 properties where buyers paid around £389,928. 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 £385,011 for 1,660 and average amount paid for purchase of approx. 2,240 properties sold in last 7 years comes to about £377,971 per sale.


Properties For Sale in Purley


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 £107,500, £262,500 for a 2 bedroom house, £461,733 for a 3 bedroom house, £729,365 for a 4 bedroom house and £1,082,141 for a 5 bedroom house. For a flat similarly the prices varies from £169,939 for a single bedroom to £271,111 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £422,492 and £650,000 for a 4 bedroom flat. To sum up the asking prices for properties in Purley it comes to around average £158,586 for 1 bedroom property, £270,250 for 2 bedroom, £453,614 for 3 bedroom, £726,190 for 4 bedroom and £1,082,141 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 £531 for 1 bedroom to £1,248 for 2 bedrooms, £1,392 for 3 bedrooms, £1,925 for 4 bedrooms and £2,375 for 5 bedrooms house. But if you are interested in renting a 1 bedroom flat then rent per month can be around £853. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £1,260 and £1,837 for 3 bedroom. You should be generally be expecting around average £741 rent per month for single bedroom property, £1,259 for 2 bedroom, £1,570 for 3 bedroom, £1,925 for 4 bedroom and approximately £2,375 for a 5 bedroom property in Purley area.

Popular Houses in Purley

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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