Westbourne Green

Area Guide For Westbourne Green

Westbourne Green is an area of Westbourne,  the centre of the former hamlet of Westbourne, at the northwestern corner of the City of Westminster, London. Traditionally a rural area, small-scale building had begun by the 1600s. In the early 19th century much more sustained development occurred as a result of the building of the Grand Union Canal and railways through the area.

 
 

Westbourne Green Map

Estimated Price: £727,566
Average Asking Price: £934,641
Price change in last one year: £70,742
Average Price Paid: £528,438
Average Rent Rates: £2,863

 
 

Property Prices Breakdown in Westbourne Green

Average Price for property in Westbourne Green is around £727,566 which varies based on type of property you are interested in and ranges from £834,806 for detached house to around £2,518,560 for semi-detached. Similarly terraced house is around £1,271,530 and a flat is worth £642,587. Values have been changing and have risen £5,712 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £13,362 in last 6 months, £70,742 in last 1 year, £151,237 in last 2 years, £186,355 in last 3 years, £201,721 in last 4 years and £212,520 in last 5 years.

Currently average asking price of a property in Westbourne Green is around £934,641 based on approximately 268 properties for sale. Same is the case with rental options based on 404 properties up for rent, average asking rent is around £2,863 per month.

Estimated property value in Westbourne Green is £727,566. Average asking price is £934,641 while average price paid is £631,450 which is up by £70,742 and Avg. asking rent £2,863.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 Westbourne Green area. In last 1 year alone average price buyer paid is around £631,450 based on approximately 268 sales in Westbourne Green area alone. If you compare it to last 3 years sales of 878 properties where buyers paid around £568,701. 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 £528,438 for 1,456 and average amount paid for purchase of approx. 1,858 properties sold in last 7 years comes to about £502,786 per sale.

 
 

Properties For Sale in Westbourne Green

 
 

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 £535,000, £719,983 for a 2 bedroom house, £1,118,333 for a 3 bedroom house, £2,985,000 for a 4 bedroom house and £3,500,000 for a 5 bedroom house. For a flat similarly the prices varies from £564,122 for a single bedroom to £696,453 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £908,905 and £1,843,750 for a 4 bedroom flat. To sum up the asking prices for properties in Westbourne Green it comes to around average £562,909 for 1 bedroom property, £696,947 for 2 bedroom, £938,128 for 3 bedroom, £2,477,778 for 4 bedroom and £3,500,000 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 £650 for 1 bedroom to £2,162 for 2 bedrooms, £4,492 for 3 bedrooms, £15,600 for 4 bedrooms and £15,383 for 5 bedrooms house. But if you are interested in renting a 1 bedroom flat then rent per month can be around £1,628. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £3,259, £2,803 for 3 bedroom and £5,633 for 4 bedroom. You should be generally be expecting around average £1,609 rent per month for single bedroom property, £3,228 for 2 bedroom, £3,006 for 3 bedroom, £12,278 for 4 bedroom and approximately £15,384 for a 5 bedroom property in Westbourne Green area.

Popular Houses in Westbourne Green

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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