Victoria Docks

The Redeveloped Docklands

Area Guide For Victoria Docks

Victorian Docks are located further East, compared to London Docklands that are in the South East part of London. It is close to the London Borough of Tower Hamlets. This area comprises of Royal Victoria, Milwall and Royal Albert. This area has recently been redeveloped, which means that there are several new buildings and employment opportunities. The transportation facilities have also improved in the recent developments.

 
 

Tags

Docks
River
Water
Trade

Overview

  • The Neighbors

    Most warehouses are being destroyed and are currently being converted into flats.

  • Ideal for

    Individuals and young families looking for employment opportunities.

  • Deal Sealer

    Cheaper housing.

  • Not for

    People who like to enjoy the peace and quiet.

  • You will Like

    Newer buildings, opportunities and transportation facilities.

Victoria Docks Map

Estimated Price: £393,653
Average Asking Price: £466,510
Price change in last one year: £48,176
Average Price Paid: £266,633
Average Rent Rates: £1,736

 
 

Property Prices Breakdown in Victoria Docks

Average Price for property in Victoria Docks is around £393,653 which varies based on type of property you are interested in and ranges from £461,218 for detached house to around £362,131 for semi-detached. Similarly terraced house is around £357,664 and a flat is worth £401,239. Values have been changing and have risen £4,728 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £10,517 in last 6 months, £48,176 in last 1 year, £81,379 in last 2 years, £92,897 in last 3 years, £92,968 in last 4 years and £100,815 in last 5 years.

Currently average asking price of a property in Victoria Docks is around £466,510 based on approximately 355 properties for sale. Same is the case with rental options based on 449 properties up for rent, average asking rent is around £1,736 per month.

Estimated property value in Victoria Docks is £393,653. Average asking price is £466,510 while average price paid is £299,444 which is up by £48,176 and Avg. asking rent £1,736.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 Victoria Docks area. In last 1 year alone average price buyer paid is around £299,444 based on approximately 355 sales in Victoria Docks area alone. If you compare it to last 3 years sales of 950 properties where buyers paid around £270,010. 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 £266,633 for 1,329 and average amount paid for purchase of approx. 2,047 properties sold in last 7 years comes to about £274,754 per sale.

 
 

Properties For Sale in Victoria Docks

 
 

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 £325,500, £415,713 for a 2 bedroom house, £515,500 for a 3 bedroom house, £691,404 for a 4 bedroom house and £465,000 for a 5 bedroom house. For a flat similarly the prices varies from £363,870 for a single bedroom to £453,889 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £895,629. To sum up the asking prices for properties in Victoria Docks it comes to around average £362,758 for 1 bedroom property, £452,526 for 2 bedroom, £838,893 for 3 bedroom, £691,404 for 4 bedroom and £465,000 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 £823 for 1 bedroom to £1,755 for 2 bedrooms, £1,704 for 3 bedrooms, £1,769 for 4 bedrooms and £2,058 for 5 bedrooms house. But if you are interested in renting a 1 bedroom flat then rent per month can be around £1,247. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £1,633 and £2,882 for 3 bedroom. You should be generally be expecting around average £1,239 rent per month for single bedroom property, £1,634 for 2 bedroom, £2,716 for 3 bedroom, £1,769 for 4 bedroom and approximately £2,058 for a 5 bedroom property in Victoria Docks area.

Popular Houses in Victoria Docks

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.

Sold Properties in Victoria Docks

Sum it all up

 The Good

- Cheaper housing
- Employment opportunities

 Best For

- Individuals and families looking for jobs
- People who want to live in cheaper houses

 The Bad

- Noisy area
- Construction work 
- Still getting developed

Transportation in Victoria Docks

Browse by Streets in Victoria Docks