W1T

Real Estate Area Guide For W1T

 

W1T Map

Estimated Price: £1,629,066
Average Asking Price: £3,257,520
Price change in last one year: £89,743
Average Price Paid: £1,308,980
Average Rent Rates: £6,668

 

W1T Rating

According to the ratings we obtained in our survey of the W1T area, 62% of the people rate it as a Good neighbourhood overall and 60% consider it a safe locality with a strong sense of community. 60% of the votes are in favour of the entertainment & nightlife options while 60% of the people recommend the parks and recreational facilities. The restaurants & shopping scene received 60% votes while 60% of the residents gave good reviews for schools, public services and 60% also voted for transport & travel facilities in the neighbourhood.

Property Prices Breakdown in W1T

Average Price for property in W1T is around £1,629,066 which varies based on type of property you are interested in and ranges from £2,566,374 for detached house to around £3,993,705 for semi-detached. Similarly terraced house is around £3,551,467 and a flat is worth £1,428,705. Values have been changing and have risen £5,066 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £12,655 in last 6 months, £89,743 in last 1 year, £286,313 in last 2 years, £423,704 in last 3 years, £452,615 in last 4 years and £482,757 in last 5 years.

Currently average asking price of a property in W1T is around £3,257,520 based on approximately 350 properties for sale. Same is the case with rental options based on 2,991 properties up for rent, average asking rent is around £6,668 per month.

Estimated property value in W1T is £1,629,066. Average asking price is £3,257,520 while average price paid is £1,580,724 which is up by £89,743 and Avg. asking rent £6,668.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 W1T area. In last 1 year alone average price buyer paid is around £1,580,724 based on approximately 350 sales in W1T area alone. If you compare it to last 3 years sales of 1,247 properties where buyers paid around £1,518,104. 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 £1,308,980 for 2,185 and average amount paid for purchase of approx. 2,935 properties sold in last 7 years comes to about £1,195,146 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 £1,087,496, £2,102,273 for a 2 bedroom house, £4,826,923 for a 3 bedroom house, £7,903,861 for a 4 bedroom house and £6,271,875 for a 5 bedroom house. For a flat similarly the prices varies from £1,137,314 for a single bedroom to £2,001,887 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £3,462,486, £6,046,461 for a 4 bedroom flat and £9,554,762 for a 5 bedroom flat. To sum up the asking prices for properties in W1T it comes to around average £1,133,878 for 1 bedroom property, £2,011,925 for 2 bedroom, £3,550,733 for 3 bedroom, £6,695,077 for 4 bedroom and £8,135,135 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 £6,427 for 1 bedroom to £7,049 for 2 bedrooms, £10,689 for 3 bedrooms, £10,699 for 4 bedrooms and £21,099 for 5 bedrooms house. But if you are interested in renting a 1 bedroom flat then rent per month can be around £3,481. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £5,152, £9,800 for 3 bedroom, £18,490 for 4 bedroom and around £65,401 for 5 bedroom flat. You should be generally be expecting around average £3,620 rent per month for single bedroom property, £5,303 for 2 bedroom, £9,915 for 3 bedroom, £16,764 for 4 bedroom and approximately £44,727 for a 5 bedroom property in W1T area.

Popular Houses in W1T

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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