Area Guide For Soho

Soho is a hard place to pin down. The district and its southern subsection Chinatown,  teems with tourists going to West End shows, media professionals marching to work, hungry patrons sampling some of London's best restaurants and people looking to have a long night out at one (or several) of the area's clubs, bars and pubs. But Soho was also home to many historical figures, including Mozart, Karl Marx and The Sex Pistols.


Soho Map

Estimated Price: £1,060,591
Average Asking Price: £1,690,372
Price change in last one year: £58,394
Average Price Paid: £862,783
Average Rent Rates: £3,162


Property Prices Breakdown in Soho

Average Price for property in Soho is around £1,060,591 which varies based on type of property you are interested in and ranges from £1,951,489 for detached house to around £2,552,921 for semi-detached. Similarly terraced house is around £2,458,880 and a flat is worth £937,770. Values have been changing and have risen £3,297 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £8,236 in last 6 months, £58,394 in last 1 year, £186,295 in last 2 years, £275,691 in last 3 years, £294,503 in last 4 years and £314,117 in last 5 years.

Currently average asking price of a property in Soho is around £1,690,372 based on approximately 56 properties for sale. Same is the case with rental options based on 340 properties up for rent, average asking rent is around £3,162 per month.

Estimated property value in Soho is £1,060,591. Average asking price is £1,690,372 while average price paid is £1,124,119 which is up by £58,394 and Avg. asking rent £3,162.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 Soho area. In last 1 year alone average price buyer paid is around £1,124,119 based on approximately 56 sales in Soho area alone. If you compare it to last 3 years sales of 232 properties where buyers paid around £1,062,585. 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 £862,783 for 457 and average amount paid for purchase of approx. 555 properties sold in last 7 years comes to about £826,079 per sale.


Properties For Sale in Soho


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 £950,707, £1,925,417 for a 2 bedroom house, £3,510,000 for a 3 bedroom house and £4,500,000 for a 4 bedroom house. For a flat similarly the prices varies from £1,058,010 for a single bedroom to £1,817,654 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £2,910,886 and £5,915,000 for a 4 bedroom flat. To sum up the asking prices for properties in Soho it comes to around average £1,050,990 for 1 bedroom property, £1,836,954 for 2 bedroom, £2,969,623 for 3 bedroom and £4,971,667 for 4 bedroom.

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 £1,798 for 1 bedroom to £3,304 for 2 bedroom and £7,908 for 3 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £2,575. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £3,445, £5,795 for 3 bedroom and £5,525 for 4 bedroom. You should be generally be expecting around average £2,568 rent per month for single bedroom property, £3,443 for 2 bedroom, £6,204 for 3 bedroom and approximately £5,525 for 4 bedroom property in Soho area.

Popular Houses in Soho

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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