Wapping Lane, London, E1W

Street Guide For Wapping Lane, London, E1W

 

Wapping Lane, London, E1W Map

Estimated Price: £577,316
Average Asking Price: £847,958
Price change in last one year: £62,857
Average Price Paid: £423,962
Average Rent Rates: £2,218

 

Property Prices Breakdown in Wapping Lane, London, E1W

Average Price for property in Wapping Lane, London, E1W is around £577,316 e.g. average price for a flat is around 576,757. Values have been changing and have risen £5,518 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £10,265 in last 6 months, £62,857 in last 1 year, £112,457 in last 2 years, £134,813 in last 3 years, £137,688 in last 4 years and £142,848 in last 5 years.

Currently average asking price of a property in Wapping Lane, London, E1W is around £847,958 based on approximately 17 properties for sale. Same is the case with rental options based on 1,264 properties up for rent, average asking rent is around £2,218 per month.

Estimated property value in Wapping Lane, London, E1W is £577,316. Average asking price is £847,958 while average price paid is £436,441 which is up by £62,857 and Avg. asking rent £2,218.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 Lane, London, E1W area. In last 1 year alone average price buyer paid is around £436,441 based on approximately 17 sales in Wapping Lane, London, E1W area alone. If you compare it to last 3 years sales of 32 properties where buyers paid around £426,749. 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 £423,962 for 54 and average amount paid for purchase of approx. 72 properties sold in last 7 years comes to about £401,208 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 £586,557, £702,348 for a 2 bedroom house, £1,464,911 for a 3 bedroom house, £1,364,989 for a 4 bedroom house and £1,611,999 for a 5 bedroom house. For a flat similarly the prices varies from £599,401 for a single bedroom to £874,180 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £1,118,221, £678,564 for a 4 bedroom flat and £705,000 for a 5 bedroom flat. To sum up the asking prices for properties in Wapping Lane, London, E1W it comes to around average £598,961 for 1 bedroom property, £863,179 for 2 bedroom, £1,149,520 for 3 bedroom, £1,064,678 for 4 bedroom and £1,208,888 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 £1,330 for 1 bedroom to £4,085 for 2 bedrooms, £3,097 for 3 bedrooms, £3,446 for 4 bedrooms and £3,716 for 5 bedrooms house. But if you are interested in renting a 1 bedroom flat then rent per month can be around £1,645. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £2,248, £3,131 for 3 bedroom, £3,265 for 4 bedroom and around £3,012 for 5 bedroom flat. You should be generally be expecting around average £1,621 rent per month for single bedroom property, £2,325 for 2 bedroom, £3,124 for 3 bedroom, £3,312 for 4 bedroom and approximately £3,481 for a 5 bedroom property in Wapping Lane, London, E1W area.

Popular Houses in Wapping Lane, London, E1W

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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