EC1Y

Real Estate Area Guide For EC1Y

 

EC1Y Map

Estimated Price: £778,108
Average Asking Price: £988,652
Price change in last one year: £90,754
Average Price Paid: £578,802
Average Rent Rates: £2,650

 

EC1Y Rating

According to the ratings we obtained in our survey of the EC1Y area, 83% of the people rate it as a Very good neighbourhood overall and 80% consider it a safe locality with a strong sense of community. 80% of the votes are in favour of the entertainment & nightlife options while 80% of the people recommend the parks and recreational facilities. The restaurants & shopping scene received 90% votes while 80% of the residents gave good reviews for schools, public services and 90% also voted for transport & travel facilities in the neighbourhood.

Property Prices Breakdown in EC1Y

Average Price for property in EC1Y is around £778,108 which varies based on type of property you are interested in and ranges from £1,890,730 for detached house to around £2,217,880 for semi-detached. Similarly terraced house is around £1,365,399 and a flat is worth £751,812. Values have been changing and have risen £880 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £3,317 in last 6 months, £90,754 in last 1 year, £142,656 in last 2 years, £215,038 in last 3 years, £184,077 in last 4 years and £211,309 in last 5 years.

Currently average asking price of a property in EC1Y is around £988,652 based on approximately 309 properties for sale. Same is the case with rental options based on 685 properties up for rent, average asking rent is around £2,650 per month.

Estimated property value in EC1Y is £778,108. Average asking price is £988,652 while average price paid is £740,694 which is up by £90,754 and Avg. asking rent £2,650.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 EC1Y area. In last 1 year alone average price buyer paid is around £740,694 based on approximately 309 sales in EC1Y area alone. If you compare it to last 3 years sales of 1,191 properties where buyers paid around £628,833. 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 £578,802 for 1,917 and average amount paid for purchase of approx. 2,581 properties sold in last 7 years comes to about £547,301 per sale.

 
 

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 £651,429, £1,410,000 for a 2 bedroom house, £1,586,238 for a 3 bedroom house, £3,291,667 for a 4 bedroom house and £3,087,500 for a 5 bedroom house. For a flat similarly the prices varies from £694,753 for a single bedroom to £1,039,737 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £1,479,362 and £2,125,000 for a 4 bedroom flat. To sum up the asking prices for properties in EC1Y it comes to around average £692,661 for 1 bedroom property, £1,053,842 for 2 bedroom, £1,495,804 for 3 bedroom, £3,000,000 for 4 bedroom and £3,087,500 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 £2,145 for 1 bedroom to £3,788 for 2 bedroom and £6,478 for 5 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £2,239. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £2,933 and £4,234 for 3 bedroom. You should be generally be expecting around average £2,238 rent per month for single bedroom property, £2,966 for 2 bedroom, £4,234 for 3 bedroom and approximately £6,478 for 5 bedroom property in EC1Y area.

Popular Houses in EC1Y

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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