Gipsy Hill

Area Guide For Gipsy Hill

Gipsy Hill is an area of South London near Upper Norwood, it is considered to be part of Crystal Palace. This area of Gipsy Hill also includes the Central Hill estate. Gipsy Hill is also the name of an electoral ward on Lambeth Borough Council. Gipsy Hill is near Crystal Palace, Upper Norwood, West Dulwich and West Norwood. Gipsy Hill has average property prices of 46.5% below the average property prices of London. An ideal destination for first time buyers or commuters looking to rent in the area.


Gipsy Hill Map

Estimated Price: £397,576
Average Asking Price: £515,511
Price change in last one year: £43,858
Average Price Paid: £296,199
Average Rent Rates: £1,445


Property Prices Breakdown in Gipsy Hill

Average Price for property in Gipsy Hill is around £397,576 which varies based on type of property you are interested in and ranges from £1,067,256 for detached house to around £554,819 for semi-detached. Similarly terraced house is around £506,986 and a flat is worth £311,316. Values have been changing and have risen £2,366 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £7,822 in last 6 months, £43,858 in last 1 year, £81,944 in last 2 years, £98,499 in last 3 years, £100,595 in last 4 years and £106,573 in last 5 years.

Currently average asking price of a property in Gipsy Hill is around £515,511 based on approximately 166 properties for sale. Same is the case with rental options based on 33 properties up for rent, average asking rent is around £1,445 per month.

Estimated property value in Gipsy Hill is £397,576. Average asking price is £515,511 while average price paid is £343,531 which is up by £43,858 and Avg. asking rent £1,445.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 Gipsy Hill area. In last 1 year alone average price buyer paid is around £343,531 based on approximately 166 sales in Gipsy Hill area alone. If you compare it to last 3 years sales of 454 properties where buyers paid around £299,693. 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 £296,199 for 664 and average amount paid for purchase of approx. 813 properties sold in last 7 years comes to about £288,606 per sale.


Properties For Sale in Gipsy Hill


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 2 bedroom is around £550,000, £528,877 for a 3 bedroom house, £773,324 for a 4 bedroom house and £1,026,650 for a 5 bedroom house. For a flat similarly the prices varies from £334,998 for a single bedroom to £352,452 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £425,498. To sum up the asking prices for properties in Gipsy Hill it comes to around average £334,998 for 1 bedroom property, £364,073 for 2 bedroom, £474,467 for 3 bedroom, £773,324 for 4 bedroom and £1,026,650 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 £3,376 for 3 bedroom to £1,911 for 4 bedroom and £2,401 for 5 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £1,136. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £1,380. You should be generally be expecting around average £1,136 rent per month for single bedroom property, £1,380 for 2 bedroom, £3,376 for 3 bedroom, £1,911 for 4 bedroom and approximately £2,401 for a 5 bedroom property in Gipsy Hill area.

Popular Houses in Gipsy Hill

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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