Waltham Abbey

Area Guide For Waltham Abbey

Waltham Abbey is a market town of about 20,400 people in the south west of the county of Essex, in the East of England region. It is about 24 km north of London on the Greenwich Meridian and lies between the River Lea in the west and Epping Forest in the east. It takes its name from the Abbey Church of Waltham Holy Cross, which was prominent in the early history of the town. The ancient parish covering Waltham Abbey was known as Waltham Holy Cross. The town is in the District of Epping Forest and has its own town council. It is twinned with the German town of Hrstel. The River Lea, which forms the county boundary with Hertfordshire, is also the towns western boundary, and the eastern boundary runs through Epping Forest. The land rises gradually from the marshes and meadows by the river to the plateau of London clay in the east, 6090 metres above sea level, capped by the sand and gravel of Epping Forest. To the south, occupying the former course of the River Lea, is the King George V Reservoir, opened in 1913. Cobbins Brook, a tributary of the River Lea, crosses the parish from east to west. In addition to the town, the parish includes in its 41 km the villages and hamlets of

 
 

Waltham Abbey Map

Estimated Price: £328,668
Average Asking Price: £491,046
Price change in last one year: £22,205
Average Price Paid: £257,318
Average Rent Rates: £2,417

 
 

Property Prices Breakdown in Waltham Abbey

Average Price for property in Waltham Abbey is around £328,668 which varies based on type of property you are interested in and ranges from £582,906 for detached house to around £344,537 for semi-detached. Similarly terraced house is around £264,235 and a flat is worth £181,812. Values have been changing and have risen £3,580 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £12,864 in last 6 months, £22,205 in last 1 year, £46,548 in last 2 years, £47,303 in last 3 years, £31,905 in last 4 years and £55,904 in last 5 years.

Currently average asking price of a property in Waltham Abbey is around £491,046 based on approximately 322 properties for sale. Same is the case with rental options based on 45 properties up for rent, average asking rent is around £2,417 per month.

Estimated property value in Waltham Abbey is £328,668. Average asking price is £491,046 while average price paid is £282,033 which is up by £22,205 and Avg. asking rent £2,417.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 Waltham Abbey area. In last 1 year alone average price buyer paid is around £282,033 based on approximately 322 sales in Waltham Abbey area alone. If you compare it to last 3 years sales of 919 properties where buyers paid around £262,757. 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 £257,318 for 1,406 and average amount paid for purchase of approx. 1,875 properties sold in last 7 years comes to about £254,375 per sale.

 
 

Properties For Sale in Waltham Abbey

 
 

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 £141,666, £260,238 for a 2 bedroom house, £385,483 for a 3 bedroom house, £595,140 for a 4 bedroom house and £659,823 for a 5 bedroom house. For a flat similarly the prices varies from £167,499 for a single bedroom to £206,812 for a 2 bedroom Flat. To sum up the asking prices for properties in Waltham Abbey it comes to around average £155,576 for 1 bedroom property, £241,873 for 2 bedroom, £385,483 for 3 bedroom, £595,140 for 4 bedroom and £659,823 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 £875 for 1 bedroom to £1,050 for 2 bedroom, £1,304 for 3 bedroom and £2,002 for 4 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £738. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £935. You should be generally be expecting around average £765 rent per month for single bedroom property, £981 for 2 bedroom, £1,304 for 3 bedroom and approximately £2,002 for 4 bedroom property in Waltham Abbey area.

Popular Houses in Waltham Abbey

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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