Values have been changing and have risen £4,010 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £12,287 in last 6 months, £68,001 in last 1 year, £128,128 in last 2 years, £140,943 in last 3 years, £143,057 in last 4 years and £158,380 in last 5 years.
Currently average asking price of a property in Rope Street, London, SE16 is around £582,204 based on approximately 11 properties for sale. Same is the case with rental options based on 369 properties up for rent, average asking rent is around £1,754 per month.
Estimated property value in Rope Street, London, SE16 is £613,816. Average asking price is £582,204 while average price paid is £543,217 which is up by £68,001 and Avg. asking rent £1,754.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 Rope Street, London, SE16 area. In last 1 year alone average price buyer paid is around £543,217 based on approximately 11 sales in Rope Street, London, SE16 area alone. If you compare it to last 3 years sales of 36 properties where buyers paid around £505,663. 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 £471,801 for 51 and average amount paid for purchase of approx. 67 properties sold in last 7 years comes to about £428,559 per sale.