Average Price for property in Somali Road, London, NW2 is around £1,300,306 which varies based on type of property you are interested in and ranges from £1,315,368 for detached house to around £1,591,394 for semi-detached. Similarly terraced house is around £1,556,799 and a flat is worth £646,478. Values have been changing and have risen £27,068 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £71,962 in last 6 months, £144,666 in last 1 year, £246,627 in last 2 years, £341,326 in last 3 years, £328,824 in last 4 years and £373,238 in last 5 years.
Currently average asking price of a property in Somali Road, London, NW2 is around £725,991 based on approximately 1 properties for sale. Same is the case with rental options based on 508 properties up for rent, average asking rent is around £1,885 per month.
Estimated property value in Somali Road, London, NW2 is £1,300,306. Average asking price is £725,991 while average price paid is £1,340,000 which is up by £144,666 and Avg. asking rent £1,885.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 Somali Road, London, NW2 area. In last 1 year alone average price buyer paid is around £1,340,000 based on approximately 1 sales in Somali Road, London, NW2 area alone. If you compare it to last 3 years sales of 3 properties where buyers paid around £1,135,000. 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 £961,250 for 4 and average amount paid for purchase of approx. 7 properties sold in last 7 years comes to about £893,142 per sale.