Westcombe Park

Area Guide For Westcombe Park

Westcombe Park is a largely residential area of Blackheath in the London Borough of Greenwhich, South East London.  Here in Westcombe Park and along Shooters Hill are huge, leafy Victorian villas, houses tend to get smaller towards the station and river.

 
 

Westcombe Park Map

Estimated Price: £697,915
Average Asking Price: £899,268
Price change in last one year: £67,862
Average Price Paid: £498,761
Average Rent Rates: £1,970

 
 

Property Prices Breakdown in Westcombe Park

Average Price for property in Westcombe Park is around £697,915 which varies based on type of property you are interested in and ranges from £1,458,278 for detached house to around £1,213,987 for semi-detached. Similarly terraced house is around £751,229 and a flat is worth £442,910. Values have been changing and have risen £4,594 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £16,574 in last 6 months, £67,862 in last 1 year, £140,162 in last 2 years, £155,857 in last 3 years, £155,595 in last 4 years and £180,497 in last 5 years.

Currently average asking price of a property in Westcombe Park is around £899,268 based on approximately 133 properties for sale. Same is the case with rental options based on 54 properties up for rent, average asking rent is around £1,970 per month.

Estimated property value in Westcombe Park is £697,915. Average asking price is £899,268 while average price paid is £585,168 which is up by £67,862 and Avg. asking rent £1,970.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 Westcombe Park area. In last 1 year alone average price buyer paid is around £585,168 based on approximately 133 sales in Westcombe Park area alone. If you compare it to last 3 years sales of 388 properties where buyers paid around £538,491. 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 £498,761 for 637 and average amount paid for purchase of approx. 811 properties sold in last 7 years comes to about £488,128 per sale.

 
 

Properties For Sale in Westcombe Park

 
 

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 £260,000, £738,738 for a 3 bedroom house, £1,482,917 for a 4 bedroom house and £1,695,000 for a 5 bedroom house. For a flat similarly the prices varies from £376,000 for a single bedroom to £431,386 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £357,475. To sum up the asking prices for properties in Westcombe Park it comes to around average £356,666 for 1 bedroom property, £431,386 for 2 bedroom, £611,650 for 3 bedroom, £1,482,917 for 4 bedroom and £1,695,000 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 £1,784 for 2 bedroom to £1,675 for 3 bedroom, £3,315 for 4 bedroom and £7,000 for 5 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £1,408. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £1,662 and £2,262 for 3 bedroom. You should be generally be expecting around average £1,408 rent per month for single bedroom property, £1,672 for 2 bedroom, £2,066 for 3 bedroom, £3,315 for 4 bedroom and approximately £7,000 for a 5 bedroom property in Westcombe Park area.

Popular Houses in Westcombe Park

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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