Cottenham Park

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Area Guide For Cottenham Park

Cottenham Park is a small district of the London Borough of Merton located to the South of Copse Hill. Property prices here in Cottenham Park are 28.2% higher than the London average prices.

 
 

Cottenham Park Map

Estimated Price: £807,836
Average Asking Price: £1,010,070
Price change in last one year: £85,354
Average Price Paid: £571,709
Average Rent Rates: £2,491

 
 

Property Prices Breakdown in Cottenham Park

Average Price for property in Cottenham Park is around £807,836 which varies based on type of property you are interested in and ranges from £2,139,377 for detached house to around £951,218 for semi-detached. Similarly terraced house is around £719,288 and a flat is worth £450,797. Values have been changing and have risen £1,010 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £1,122 in last 6 months, £85,354 in last 1 year, £159,589 in last 2 years, £212,342 in last 3 years, £235,523 in last 4 years and £243,976 in last 5 years.

Currently average asking price of a property in Cottenham Park is around £1,010,070 based on approximately 322 properties for sale. Same is the case with rental options based on 187 properties up for rent, average asking rent is around £2,491 per month.

Estimated property value in Cottenham Park is £807,836. Average asking price is £1,010,070 while average price paid is £640,812 which is up by £85,354 and Avg. asking rent £2,491.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 Cottenham Park area. In last 1 year alone average price buyer paid is around £640,812 based on approximately 322 sales in Cottenham Park area alone. If you compare it to last 3 years sales of 1,059 properties where buyers paid around £613,369. 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 £571,709 for 1,776 and average amount paid for purchase of approx. 2,256 properties sold in last 7 years comes to about £544,188 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 £360,000, £578,300 for a 2 bedroom house, £680,174 for a 3 bedroom house, £1,461,889 for a 4 bedroom house and £1,932,498 for a 5 bedroom house. For a flat similarly the prices varies from £333,384 for a single bedroom to £488,257 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £582,707 and £899,000 for a 4 bedroom flat. To sum up the asking prices for properties in Cottenham Park it comes to around average £334,541 for 1 bedroom property, £499,752 for 2 bedroom, £671,314 for 3 bedroom, £1,447,076 for 4 bedroom and £1,932,498 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 £1,326 for 1 bedroom to £1,668 for 2 bedrooms, £2,878 for 3 bedrooms, £3,880 for 4 bedrooms and £3,980 for 5 bedrooms house. But if you are interested in renting a 1 bedroom flat then rent per month can be around £1,318. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £1,883 and £1,953 for 3 bedroom. You should be generally be expecting around average £1,318 rent per month for single bedroom property, £1,844 for 2 bedroom, £2,743 for 3 bedroom, £3,880 for 4 bedroom and approximately £3,980 for a 5 bedroom property in Cottenham Park area.

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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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