Tower Hill

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Area Guide For Tower Hill

Tower Hill is an elevated spot northwest of the Tower of London, within the London Borough of Tower Hamlets. Historically it was the site of countless public executions, although today it is a notable site of Tower Hill Memorial. One of the oldest parts of London, archaeological evidence shows that there was a settlement on the hill in the Bronze Age and much later a Roman village that was burnt down during the Boudica uprising.

 
 

Tower Hill Map

Estimated Price: £802,193
Average Asking Price:
Price change in last one year: £101,979
Average Price Paid: £482,310
Average Rent Rates: £2,145

 
 

Property Prices Breakdown in Tower Hill

Average Price for property in Tower Hill is around £802,193 which varies based on type of property you are interested in and ranges from £595,590 for terraced house to around £805,602 for a flat. Values have been changing and have risen £1,947 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £7,334 in last 6 months, £101,979 in last 1 year, £156,054 in last 2 years, £224,854 in last 3 years, £197,254 in last 4 years and £222,099 in last 5 years.

Currently average asking price of a property in Tower Hill is around £2,145 based on approximately 22 properties for rent.

Buyers are willing to pay high dollar prices to grab these properties because of the recent trend in real estate investment especially in Tower Hill area. In last 1 year alone average price buyer paid is around £617,660 based on approximately 5 sales in Tower Hill area alone. If you compare it to last 3 years sales of 30 properties where buyers paid around £509,588. 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 £482,310 for 52 and average amount paid for purchase of approx. 60 properties sold in last 7 years comes to about £473,952 per sale.

 
 
 
 

But if you are interested in renting a 1 bedroom flat then rent per month can be around £2,277. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £2,914. You should be generally be expecting around average £2,277 rent per month for single bedroom property and approximately £2,914 for 2 bedroom property in Tower Hill area.

Popular Houses in Tower Hill

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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