East London

Area Guide For East London

Historically known as “That Part Beyond the Tower”, the East London of today is undergoing a phase of regeneration. Major areas here include Barking, Newham, Havering and Tower Hamlets and the community here is a vibrant mix of various cultures. You will find plenty of great restaurants, pubs and bars here along with iconic landmarks and places like the Tower of London and Canary Wharf. The O2 Exhibition Centre is also located here along with several shopping destinations. Connectivity is also good with buses, trains and the LDR network while property prices vary according to different areas.


East London Map

Estimated Price: £428,784
Average Asking Price: £511,151
Price change in last one year: £48,635
Average Price Paid: £319,831
Average Rent Rates: £2,013


Property Prices Breakdown in East London

Average Price for property in East London is around £428,784 which varies based on type of property you are interested in and ranges from £772,201 for detached house to around £542,271 for semi-detached. Similarly terraced house is around £429,865 and a flat is worth £404,644. Values have been changing and have risen £4,741 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £9,712 in last 6 months, £48,635 in last 1 year, £86,950 in last 2 years, £100,133 in last 3 years, £102,757 in last 4 years and £108,901 in last 5 years.

Currently average asking price of a property in East London is around £511,151 based on approximately 10,028 properties for sale. Same is the case with rental options based on 7,030 properties up for rent, average asking rent is around £2,013 per month.

Estimated property value in East London is £428,784. Average asking price is £511,151 while average price paid is £375,635 which is up by £48,635 and Avg. asking rent £2,013.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 £375,635 based on approximately 10,028 sales in East London area alone. If you compare it to last 3 years sales of 28,484 properties where buyers paid around £336,867. 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 £319,831 for 45,442 and average amount paid for purchase of approx. 60,874 properties sold in last 7 years comes to about £308,717 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 £385,353, £427,993 for a 2 bedroom house, £449,937 for a 3 bedroom house, £624,169 for a 4 bedroom house and £766,676 for a 5 bedroom house. For a flat similarly the prices varies from £387,482 for a single bedroom to £512,051 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £748,074, £1,037,568 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 £387,423 for 1 bedroom property, £504,197 for 2 bedroom, £583,428 for 3 bedroom, £662,753 for 4 bedroom and £763,467 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 £1,066 for 1 bedroom to £1,819 for 2 bedrooms, £2,050 for 3 bedrooms, £2,325 for 4 bedrooms and £2,552 for 5 bedrooms house. But if you are interested in renting a 1 bedroom flat then rent per month can be around £1,412. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £2,156, £2,953 for 3 bedroom, £3,897 for 4 bedroom and around £2,335 for 5 bedroom flat. You should be generally be expecting around average £1,381 rent per month for single bedroom property, £2,127 for 2 bedroom, £2,622 for 3 bedroom, £2,821 for 4 bedroom and approximately £2,538 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.

Sold Properties in East London

Transportation in East London

Areas in and around East London