East London

Area Guide For East London

East London is the Northeastern part of London, United Kingdom. The East London comprises of the areas closer to the ancient City. The early development of the eastern side of London began with the expansion of industries such as shipbuilding and docks. These industries were associated with the River Thames. However, these industries declined during the 20th century, making the East London an area of regeneration. These areas were further developed during the reign of Victoria and Edwardia, leading to the expansion of the railways in the 19th century. In 1920, private sales of suburban houses were initiated to match the provision of the growing population. The development began in Becontree, followed by Harold Hill right after the World War II. With recent years, statistics have shown a steady increase of numbers of foreign students looking to participate their further education in London.  A large number of tourists made their way to the 2012 London Olympics where the grand stadium was built in East London of Stratford.


East London Map

Estimated Price: £388,809
Average Asking Price: £483,984
Price change in last one year: £42,630
Average Price Paid: £299,577
Average Rent Rates: £1,872


Property Prices Breakdown in East London

Average Price for property in East London is around £388,809 which varies based on type of property you are interested in and ranges from £748,731 for detached house to around £432,816 for semi-detached. Similarly terraced house is around £367,814 and a flat is worth £356,520. Values have been changing and have risen £3,742 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £6,962 in last 6 months, £42,630 in last 1 year, £76,273 in last 2 years, £91,438 in last 3 years, £93,388 in last 4 years and £96,891 in last 5 years.

Currently average asking price of a property in East London is around £483,984 based on approximately 16,274 properties for sale. Same is the case with rental options based on 8,503 properties up for rent, average asking rent is around £1,872 per month.

Estimated property value in East London is £388,809. Average asking price is £483,984 while average price paid is £344,437 which is up by £42,630 and Avg. asking rent £1,872.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 East London area. In last 1 year alone average price buyer paid is around £344,437 based on approximately 16,274 sales in East London area alone. If you compare it to last 3 years sales of 46,607 properties where buyers paid around £313,083. 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 £299,577 for 74,735 and average amount paid for purchase of approx. 101,266 properties sold in last 7 years comes to about £290,647 per sale.


Properties For Sale in East London


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 £299,745, £367,789 for a 2 bedroom house, £414,550 for a 3 bedroom house, £608,584 for a 4 bedroom house and £768,385 for a 5 bedroom house. For a flat similarly the prices varies from £358,637 for a single bedroom to £456,980 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £697,292, £955,483 for a 4 bedroom flat and £695,000 for a 5 bedroom flat. To sum up the asking prices for properties in East London it comes to around average £356,567 for 1 bedroom property, £445,748 for 2 bedroom, £510,909 for 3 bedroom, £627,422 for 4 bedroom and £766,932 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 £984 for 1 bedroom to £1,544 for 2 bedrooms, £1,728 for 3 bedrooms, £2,107 for 4 bedrooms and £2,669 for 5 bedrooms house. But if you are interested in renting a 1 bedroom flat then rent per month can be around £1,334. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £2,009, £2,749 for 3 bedroom, £3,427 for 4 bedroom and around £2,335 for 5 bedroom flat. You should be generally be expecting around average £1,297 rent per month for single bedroom property, £1,959 for 2 bedroom, £2,237 for 3 bedroom, £2,402 for 4 bedroom and approximately £2,657 for a 5 bedroom property in East London area.

Popular Houses in East London

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.

Transportation in East London

Areas in and around East London