Southmere Drive, London, SE2

Street Guide For Southmere Drive, London, SE2

 
 

Southmere Drive, London, SE2 Map

Estimated Price: £163,251
Average Asking Price: £261,791
Price change in last one year: £13,882
Average Price Paid: £117,547
Average Rent Rates: £974

Ram Estate Agent
713 Cranbrook Road, Gants Hill, Ilford, Essex, IG2

Free House valuation

 

Property Prices Breakdown in Southmere Drive, London, SE2

Average Price for property in Southmere Drive, London, SE2 is around £163,251 e.g. average price for a flat is around 163,251. Values have been changing and have risen £1,004 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £3,115 in last 6 months, £13,882 in last 1 year, £28,199 in last 2 years, £33,890 in last 3 years, £35,462 in last 4 years and £39,794 in last 5 years.

Currently average asking price of a property in Southmere Drive, London, SE2 is around £261,791 based on approximately 0 properties for sale. Same is the case with rental options based on 20 properties up for rent, average asking rent is around £974 per month.

Estimated property value in Southmere Drive, London, SE2 is £163,251. Average asking price is £261,791 while average price paid is £142,000 which is up by £33,890 and Avg. asking rent £974.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 Southmere Drive, London, SE2 area. In last 3 years alone average price buyer paid is around £142,000 based on approximately 1 sales in Southmere Drive, London, SE2 area alone. If you compare it to last 5 years sales of 23 properties where buyers paid around £117,547. It has been same for some time now for e.g. if you take an average of amount paid in last 7 years, it comes to around £117,547 for 23 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 £180,000, £235,000 for a 2 bedroom house, £328,999 for a 3 bedroom house and £375,000 for a 5 bedroom house. For a flat similarly the prices varies from £210,000 for a single bedroom to £187,498 for a 2 bedroom Flat. To sum up the asking prices for properties in Southmere Drive, London, SE2 it comes to around average £195,000 for 1 bedroom property, £203,332 for 2 bedroom, £328,999 for 3 bedroom and £375,000 for 5 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 £550 for 1 bedroom to £1,101 for 2 bedroom, £1,499 for 3 bedroom and £2,084 for 4 bedroom. But if you are interested in renting a 2 bedroom flat then rent per month can be around £949. You should be generally be expecting around average £550 rent per month for single bedroom property, £1,025 for 2 bedroom, £1,499 for 3 bedroom and approximately £2,084 for 4 bedroom property in Southmere Drive, London, SE2 area.

Popular Houses in Southmere Drive, London, SE2

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 Southmere Drive, London, SE2

Areas in and around Southmere Drive, London, SE2