Average Price for property in Westminster (London Borough) is around £1,279,602 which varies based on type of property you are interested in and ranges from £5,460,658 for detached house to around £3,720,538 for semi-detached. Similarly terraced house is around £2,961,930 and a flat is worth £1,041,999. Values have been changing and have risen £8,300 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £43,168 in last 6 months, £42,391 in last 1 year, £171,976 in last 2 years, £246,030 in last 3 years, £245,314 in last 4 years and £299,102 in last 5 years.
Currently average asking price of a property in Westminster (London Borough) is around £2,043,824 based on approximately 2,460 properties for sale. Same is the case with rental options based on 9,684 properties up for rent, average asking rent is around £5,087 per month.
Estimated property value in Westminster (London Borough) is £1,279,602. Average asking price is £2,043,824 while average price paid is £1,335,745 which is up by £42,391 and Avg. asking rent £5,087.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 Westminster (London Borough) area. In last 1 year alone average price buyer paid is around £1,335,745 based on approximately 2,460 sales in Westminster (London Borough) area alone. If you compare it to last 3 years sales of 8,393 properties where buyers paid around £1,226,501. 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 £1,076,808 for 14,297 and average amount paid for purchase of approx. 2,460 properties sold in last 7 years comes to about £1,335,745 per sale.