Union Street, London, SE1

Street Guide For Union Street, London, SE1

 
 

Union Street, London, SE1 Map

Estimated Price: £611,542
Average Asking Price: £1,259,355
Price change in last one year: £55,047
Average Price Paid: £475,590
Average Rent Rates: £2,362

Smith & Brown London
142 Norwood Rd, London SE24 9AY

Free House valuation

 

Property Prices Breakdown in Union Street, London, SE1

Values have been changing and have risen £4,138 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £13,866 in last 6 months, £55,047 in last 1 year, £114,370 in last 2 years, £140,832 in last 3 years, £133,587 in last 4 years and £157,393 in last 5 years.

Currently average asking price of a property in Union Street, London, SE1 is around £1,259,355 based on approximately 1 properties for sale. Same is the case with rental options based on 1,012 properties up for rent, average asking rent is around £2,362 per month.

Estimated property value in Union Street, London, SE1 is £611,542. Average asking price is £1,259,355 while average price paid is £675,000 which is up by £55,047 and Avg. asking rent £2,362.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 Union Street, London, SE1 area. In last 1 year alone average price buyer paid is around £675,000 based on approximately 1 sales in Union Street, London, SE1 area alone. If you compare it to last 3 years sales of 2 properties where buyers paid around £602,500. 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 £475,590 for 5 and average amount paid for purchase of approx. 9 properties sold in last 7 years comes to about £387,883 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 £707,425, £1,376,625 for a 2 bedroom house, £1,508,398 for a 3 bedroom house, £1,258,749 for a 4 bedroom house and £1,399,998 for a 5 bedroom house. For a flat similarly the prices varies from £734,623 for a single bedroom to £1,156,125 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £2,131,218, £4,883,105 for a 4 bedroom flat and £2,970,000 for a 5 bedroom flat. To sum up the asking prices for properties in Union Street, London, SE1 it comes to around average £733,898 for 1 bedroom property, £1,168,548 for 2 bedroom, £2,044,232 for 3 bedroom, £3,809,222 for 4 bedroom and £2,381,249 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 £1,609 for 1 bedroom to £2,537 for 2 bedroom, £3,195 for 3 bedroom and £3,497 for 4 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £1,838. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £2,495, £4,062 for 3 bedroom and £3,488 for 4 bedroom. You should be generally be expecting around average £1,824 rent per month for single bedroom property, £2,497 for 2 bedroom, £3,936 for 3 bedroom and approximately £3,490 for 4 bedroom property in Union Street, London, SE1 area.

Popular Houses in Union Street, London, SE1

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 Union Street, London, SE1

Areas in and around Union Street, London, SE1