Area Guide For Wembley

Wembley is an area of North West London, and apart of London Borough of Brent. Wembley was once a land surrounded by woods with just six houses, but owned by the wealthiest Lords of residents. Today with  a high degree of ethnic diversity, Wembley consists of inter-war semi-detached houses and terraces, alongside modern apartment blocks, with a significant minority of detached housing.


Wembley Map

Estimated Price: £390,502
Average Asking Price: £383,704
Price change in last one year: £28,523
Average Price Paid: £290,941
Average Rent Rates: £1,414


Property Prices Breakdown in Wembley

Average Price for property in Wembley is around £390,502 which varies based on type of property you are interested in and ranges from £661,591 for detached house to around £481,934 for semi-detached. Similarly terraced house is around £393,646 and a flat is worth £260,468. Values have been changing and have risen £4,460 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £11,504 in last 6 months, £28,523 in last 1 year, £66,854 in last 2 years, £63,623 in last 3 years, £65,736 in last 4 years and £72,516 in last 5 years.

Currently average asking price of a property in Wembley is around £383,704 based on approximately 647 properties for sale. Same is the case with rental options based on 306 properties up for rent, average asking rent is around £1,414 per month.

Estimated property value in Wembley is £390,502. Average asking price is £383,704 while average price paid is £329,680 which is up by £28,523 and Avg. asking rent £1,414.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 Wembley area. In last 1 year alone average price buyer paid is around £329,680 based on approximately 647 sales in Wembley area alone. If you compare it to last 3 years sales of 1,833 properties where buyers paid around £302,446. 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 £290,941 for 3,152 and average amount paid for purchase of approx. 4,157 properties sold in last 7 years comes to about £284,927 per sale.


Properties For Sale in Wembley


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 £118,200, £382,500 for a 2 bedroom house, £448,482 for a 3 bedroom house, £670,607 for a 4 bedroom house and £663,718 for a 5 bedroom house. For a flat similarly the prices varies from £244,538 for a single bedroom to £243,124 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £258,971 and £425,000 for a 4 bedroom flat. To sum up the asking prices for properties in Wembley it comes to around average £232,442 for 1 bedroom property, £246,697 for 2 bedroom, £394,883 for 3 bedroom, £660,783 for 4 bedroom and £663,718 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 £591 for 1 bedroom to £1,281 for 2 bedrooms, £1,772 for 3 bedrooms, £2,356 for 4 bedrooms and £2,675 for 5 bedrooms house. But if you are interested in renting a 1 bedroom flat then rent per month can be around £1,054. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £1,425 and £1,617 for 3 bedroom. You should be generally be expecting around average £996 rent per month for single bedroom property, £1,419 for 2 bedroom, £1,736 for 3 bedroom, £2,356 for 4 bedroom and approximately £2,675 for a 5 bedroom property in Wembley area.

Popular Houses in Wembley

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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