WC2B

Real Estate Area Guide For WC2B

 

WC2B Map

Estimated Price: £1,107,424
Average Asking Price: £2,148,806
Price change in last one year: £8,258
Average Price Paid: £1,007,274
Average Rent Rates: £4,631

 

WC2B Rating

According to the ratings we obtained in our survey of the WC2B area, 80% of the people rate it as a Very good neighbourhood overall and 80% consider it a safe locality with a strong sense of community. 80% of the votes are in favour of the entertainment & nightlife options while 80% of the people recommend the parks and recreational facilities. The restaurants & shopping scene received 80% votes while 80% of the residents gave good reviews for schools, public services and 80% also voted for transport & travel facilities in the neighbourhood.

Property Prices Breakdown in WC2B

Average Price for property in WC2B is around £1,107,424 which varies based on type of property you are interested in and ranges from £3,696,279 for detached house to around £1,906,773 for semi-detached. Similarly terraced house is around £2,409,746 and a flat is worth £1,063,137. Values have been changing and have risen £593 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £10,235 in last 6 months, £8,258 in last 1 year, £201,640 in last 2 years, £206,266 in last 3 years, £241,912 in last 4 years and £277,517 in last 5 years.

Currently average asking price of a property in WC2B is around £2,148,806 based on approximately 45 properties for sale. Same is the case with rental options based on 285 properties up for rent, average asking rent is around £4,631 per month.

Estimated property value in WC2B is £1,107,424. Average asking price is £2,148,806 while average price paid is £1,505,939 which is up by £8,258 and Avg. asking rent £4,631.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 WC2B area. In last 1 year alone average price buyer paid is around £1,505,939 based on approximately 45 sales in WC2B area alone. If you compare it to last 3 years sales of 226 properties where buyers paid around £1,257,327. 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 £1,007,274 for 411 and average amount paid for purchase of approx. 509 properties sold in last 7 years comes to about £937,753 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 £587,475, £2,064,929 for a 2 bedroom house, £2,783,333 for a 3 bedroom house and £4,400,000 for a 4 bedroom house. For a flat similarly the prices varies from £1,056,444 for a single bedroom to £2,305,303 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £3,647,875 and £5,712,500 for a 4 bedroom flat. To sum up the asking prices for properties in WC2B it comes to around average £1,040,272 for 1 bedroom property, £2,276,292 for 2 bedroom, £3,573,771 for 3 bedroom and £5,450,000 for 4 bedroom.

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 £2,366 for 1 bedroom to £4,705 for 2 bedroom, £8,580 for 3 bedroom and £18,742 for 5 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £2,642. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £4,571, £6,767 for 3 bedroom, £16,689 for 4 bedroom and around £16,033 for 5 bedroom flat. You should be generally be expecting around average £2,628 rent per month for single bedroom property, £4,589 for 2 bedroom, £7,042 for 3 bedroom, £16,689 for 4 bedroom and approximately £17,839 for a 5 bedroom property in WC2B area.

Popular Houses in WC2B

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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