Grove Park

Area Guide For Grove Park

Grove Park is a suburban area and electoral ward in South East London, within the London Boroughs of Lewisham and Bromley. One major joy living here is the possible 5 min walk to the relaxing, tranquil view of the river Thames, to live in between the vibrancy of London and have the nature of the river on your doorstep, the Thames is a stone throw away and is so relaxing and picturesque. With housing prices 44.7% above the London average you know that you will get good value for your money. The average rental price for the area of Grove Park is under the London average of around 41.7%.


Grove Park Map

Estimated Price: £357,296
Average Asking Price: £386,714
Price change in last one year: £40,742
Average Price Paid: £252,928
Average Rent Rates: £1,232


Property Prices Breakdown in Grove Park

Average Price for property in Grove Park is around £357,296 which varies based on type of property you are interested in and ranges from £749,464 for detached house to around £447,065 for semi-detached. Similarly terraced house is around £321,018 and a flat is worth £238,126. Values have been changing and have risen £3,565 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £10,275 in last 6 months, £40,742 in last 1 year, £74,312 in last 2 years, £86,679 in last 3 years, £86,116 in last 4 years and £92,729 in last 5 years.

Currently average asking price of a property in Grove Park is around £386,714 based on approximately 271 properties for sale. Same is the case with rental options based on 39 properties up for rent, average asking rent is around £1,232 per month.

Estimated property value in Grove Park is £357,296. Average asking price is £386,714 while average price paid is £280,605 which is up by £40,742 and Avg. asking rent £1,232.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 Grove Park area. In last 1 year alone average price buyer paid is around £280,605 based on approximately 271 sales in Grove Park area alone. If you compare it to last 3 years sales of 739 properties where buyers paid around £264,455. 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 £252,928 for 1,137 and average amount paid for purchase of approx. 1,514 properties sold in last 7 years comes to about £244,591 per sale.


Properties For Sale in Grove Park


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 £294,857, £403,209 for a 3 bedroom house, £627,079 for a 4 bedroom house and £432,500 for a 5 bedroom house. For a flat similarly the prices varies from £170,700 for a single bedroom to £219,499 for a 2 bedroom Flat. To sum up the asking prices for properties in Grove Park it comes to around average £170,700 for 1 bedroom property, £244,618 for 2 bedroom, £403,209 for 3 bedroom, £627,079 for 4 bedroom and £432,500 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 £750 for 1 bedroom to £1,199 for 2 bedroom, £1,413 for 3 bedroom and £1,879 for 4 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £849. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £1,109 and £1,300 for 3 bedroom. You should be generally be expecting around average £783 rent per month for single bedroom property, £1,137 for 2 bedroom, £1,392 for 3 bedroom and approximately £1,879 for 4 bedroom property in Grove Park area.

Popular Houses in Grove Park

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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