Wapping

The Highway

Area Guide For Wapping

Wapping is a district in East London and is located in the London Borough of Tower of Hamlets. It is located on the Northern side of River Thames. The riverside of this area has given it a lot of advantage. Certain public houses provide a river-side view and that simply adds to their location. During the reconstruction of London Docks, most old buildings were demolished in this area. Now there are newer buildings with apartments, flats and even small houses in the area.

 
 

Tags

Public Houses
Docks
River

Overview

  • The Neighbors

    Newly built flats, apartments and houses that are available at a cheap rate.

  • Ideal for

    Individuals and young families who are willing to live away from Central London in order to find new opportunities for work.

  • Deal Sealer

    River-side, that simply adds to the view.

  • Not for

    People who enjoy an expensive lifestyle.

  • You will Like

    Public houses, view and the docks.

Wapping Map

Estimated Price: £728,486
Average Asking Price: £1,127,584
Price change in last one year: £81,010
Average Price Paid: £543,595
Average Rent Rates: £2,859

 
 

Property Prices Breakdown in Wapping

Average Price for property in Wapping is around £728,486 which varies based on type of property you are interested in and ranges from £1,027,935 for detached house to around £769,983 for semi-detached. Similarly terraced house is around £807,970 and a flat is worth £717,398. Values have been changing and have risen £7,110 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £13,227 in last 6 months, £81,010 in last 1 year, £144,937 in last 2 years, £173,748 in last 3 years, £177,451 in last 4 years and £184,098 in last 5 years.

Currently average asking price of a property in Wapping is around £1,127,584 based on approximately 216 properties for sale. Same is the case with rental options based on 245 properties up for rent, average asking rent is around £2,859 per month.

Estimated property value in Wapping is £728,486. Average asking price is £1,127,584 while average price paid is £633,280 which is up by £81,010 and Avg. asking rent £2,859.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 Wapping area. In last 1 year alone average price buyer paid is around £633,280 based on approximately 216 sales in Wapping area alone. If you compare it to last 3 years sales of 650 properties where buyers paid around £581,339. 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 £543,595 for 1,090 and average amount paid for purchase of approx. 1,405 properties sold in last 7 years comes to about £522,995 per sale.

 
 

Properties For Sale in Wapping

 
 

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 £496,975, £680,436 for a 2 bedroom house, £1,548,969 for a 3 bedroom house, £1,014,983 for a 4 bedroom house and £4,600,000 for a 5 bedroom house. For a flat similarly the prices varies from £570,734 for a single bedroom to £1,248,289 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £1,482,954. To sum up the asking prices for properties in Wapping it comes to around average £557,906 for 1 bedroom property, £1,169,221 for 2 bedroom, £1,494,336 for 3 bedroom, £1,014,983 for 4 bedroom and £4,600,000 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 £1,762 for 1 bedroom to £4,303 for 2 bedroom, £4,060 for 3 bedroom and £6,067 for 4 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £1,891. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £2,417, £5,433 for 3 bedroom and £5,814 for 4 bedroom. You should be generally be expecting around average £1,885 rent per month for single bedroom property, £2,593 for 2 bedroom, £4,996 for 3 bedroom and approximately £5,850 for 4 bedroom property in Wapping area.

Popular Houses in Wapping

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 Wapping

Sum it all up

 The Good

- Good employment opportunities
- Newly built flats and houses available for a relatively less price
- Well-built public houses

 Best For

- Individuals and young families looking for work
- People who want to live in affordable areas

 The Bad

- Smaller homes
- Construction work noises

Transportation in Wapping

Browse by Streets in Wapping

Browse by Outcodes in Wapping