Summerstown

Area Guide For Summerstown

Summerstown is a district of South West London located in the boundary between the London Borough of Wandsworth and Merton. The area is home to Wimbledon Stadium, a dog racing track that also hosts speedway, stock car and other racing events.

 
 

Summerstown Map

Estimated Price: £494,300
Average Asking Price: £648,597
Price change in last one year: £50,425
Average Price Paid: £358,782
Average Rent Rates: £1,807

 
 

Property Prices Breakdown in Summerstown

Average Price for property in Summerstown is around £494,300 which varies based on type of property you are interested in and ranges from £900,291 for detached house to around £636,545 for semi-detached. Similarly terraced house is around £612,568 and a flat is worth £380,482. Values have been changing and have risen £49 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £912 in last 6 months, £50,425 in last 1 year, £98,950 in last 2 years, £129,903 in last 3 years, £142,160 in last 4 years and £145,625 in last 5 years.

Currently average asking price of a property in Summerstown is around £648,597 based on approximately 194 properties for sale. Same is the case with rental options based on 469 properties up for rent, average asking rent is around £1,807 per month.

Estimated property value in Summerstown is £494,300. Average asking price is £648,597 while average price paid is £482,632 which is up by £50,425 and Avg. asking rent £1,807.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 Summerstown area. In last 1 year alone average price buyer paid is around £482,632 based on approximately 194 sales in Summerstown area alone. If you compare it to last 3 years sales of 594 properties where buyers paid around £394,082. 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 £358,782 for 1,067 and average amount paid for purchase of approx. 1,354 properties sold in last 7 years comes to about £345,026 per sale.

 
 

Properties For Sale in Summerstown

 
 

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 £390,990, £524,524 for a 2 bedroom house, £649,539 for a 3 bedroom house, £874,086 for a 4 bedroom house and £1,129,576 for a 5 bedroom house. For a flat similarly the prices varies from £339,801 for a single bedroom to £491,650 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £563,297 and £581,246 for a 4 bedroom flat. To sum up the asking prices for properties in Summerstown it comes to around average £345,489 for 1 bedroom property, £498,146 for 2 bedroom, £622,031 for 3 bedroom, £832,743 for 4 bedroom and £1,129,576 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 £1,078 for 1 bedroom to £1,574 for 2 bedrooms, £2,548 for 3 bedrooms, £2,715 for 4 bedrooms and £3,489 for 5 bedrooms house. But if you are interested in renting a 1 bedroom flat then rent per month can be around £1,254. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £1,533, £1,969 for 3 bedroom and £2,443 for 4 bedroom. You should be generally be expecting around average £1,243 rent per month for single bedroom property, £1,539 for 2 bedroom, £2,204 for 3 bedroom, £2,647 for 4 bedroom and approximately £3,489 for a 5 bedroom property in Summerstown area.

Popular Houses in Summerstown

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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