Somerset Square, London, W14

Street Guide For Somerset Square, London, W14

 
 

Somerset Square, London, W14 Map

Estimated Price: £3,069,650
Average Asking Price: £1,660,613
Price change in last one year: £313,285
Average Price Paid: £2,680,500
Average Rent Rates: £3,294

Karan Fossils
229 High Street, Acton, London, W3 9BY

Free House valuation

 

Property Prices Breakdown in Somerset Square, London, W14

Average Price for property in Somerset Square, London, W14 is around £3,069,650 which varies based on type of property you are interested in and ranges from £2,061,520 for detached house to around £5,570,443 for terraced house. Similarly flat is around £1,725,962. Values have been changing and have risen £33,865 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £95,578 in last 6 months, £313,285 in last 1 year, £637,333 in last 2 years, £791,089 in last 3 years, £830,085 in last 4 years and £871,790 in last 5 years.

Currently average asking price of a property in Somerset Square, London, W14 is around £1,660,613 based on approximately 3 properties for sale. Same is the case with rental options based on 833 properties up for rent, average asking rent is around £3,294 per month.

Estimated property value in Somerset Square, London, W14 is £3,069,650. Average asking price is £1,660,613 while average price paid is £3,990,000 which is up by £313,285 and Avg. asking rent £3,294.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 Somerset Square, London, W14 area. In last 1 year alone average price buyer paid is around £3,990,000 based on approximately 3 sales in Somerset Square, London, W14 area alone. If you compare it to last 3 years sales of 7 properties where buyers paid around £2,750,000. 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 £2,680,500 for 10 and average amount paid for purchase of approx. 12 properties sold in last 7 years comes to about £2,469,166 per sale.

 
 
 
 

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 £878,195, £1,741,900 for a 2 bedroom house, £1,974,211 for a 3 bedroom house, £1,784,167 for a 4 bedroom house and £2,918,333 for a 5 bedroom house. For a flat similarly the prices varies from £818,719 for a single bedroom to £1,210,479 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £2,273,757, £2,087,095 for a 4 bedroom flat and £8,592,857 for a 5 bedroom flat. To sum up the asking prices for properties in Somerset Square, London, W14 it comes to around average £822,023 for 1 bedroom property, £1,233,584 for 2 bedroom, £2,229,977 for 3 bedroom, £1,976,939 for 4 bedroom and £4,336,964 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 £2,111 for 1 bedroom to £3,323 for 2 bedrooms, £3,196 for 3 bedrooms, £4,792 for 4 bedrooms and £20,944 for 5 bedrooms house. But if you are interested in renting a 1 bedroom flat then rent per month can be around £1,740. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £2,545, £4,278 for 3 bedroom, £5,868 for 4 bedroom and around £8,558 for 5 bedroom flat. You should be generally be expecting around average £1,779 rent per month for single bedroom property, £2,606 for 2 bedroom, £4,141 for 3 bedroom, £5,519 for 4 bedroom and approximately £20,089 for a 5 bedroom property in Somerset Square, London, W14 area.

Popular Houses in Somerset Square, London, W14

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.

Transportation in Somerset Square, London, W14

Areas in and around Somerset Square, London, W14