Honor Oak Park

Area Guide For Honor Oak Park

Honor Oak is an inner suburban area principally odd the London Borough of Lewisham. It has long, wide and leafy roads with large four- and five-storey Victorian houses now largely broken up into spacious flats, and smaller Victorian houses in the roads around Hilly Fields, the local park. But there are also well-tended roads of smaller, three-bedroom Victorian terraces close to Crofton Park and Honor Oak stations.


Honor Oak Park Map

Estimated Price: £536,413
Average Asking Price: £617,035
Price change in last one year: £61,718
Average Price Paid: £392,373
Average Rent Rates: £1,640


Property Prices Breakdown in Honor Oak Park

Average Price for property in Honor Oak Park is around £536,413 which varies based on type of property you are interested in and ranges from £941,732 for detached house to around £802,346 for semi-detached. Similarly terraced house is around £625,540 and a flat is worth £355,306. Values have been changing and have risen £3,245 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £10,765 in last 6 months, £61,718 in last 1 year, £118,798 in last 2 years, £138,687 in last 3 years, £137,322 in last 4 years and £151,564 in last 5 years.

Currently average asking price of a property in Honor Oak Park is around £617,035 based on approximately 528 properties for sale. Same is the case with rental options based on 212 properties up for rent, average asking rent is around £1,640 per month.

Estimated property value in Honor Oak Park is £536,413. Average asking price is £617,035 while average price paid is £494,023 which is up by £61,718 and Avg. asking rent £1,640.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 Honor Oak Park area. In last 1 year alone average price buyer paid is around £494,023 based on approximately 528 sales in Honor Oak Park area alone. If you compare it to last 3 years sales of 1,493 properties where buyers paid around £420,908. 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 £392,373 for 2,347 and average amount paid for purchase of approx. 2,971 properties sold in last 7 years comes to about £374,033 per sale.


Properties For Sale in Honor Oak 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 1 bedroom is around £420,000, £615,466 for a 2 bedroom house, £685,616 for a 3 bedroom house, £979,195 for a 4 bedroom house and £1,029,521 for a 5 bedroom house. For a flat similarly the prices varies from £314,458 for a single bedroom to £413,563 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £487,387 and £375,000 for a 4 bedroom flat. To sum up the asking prices for properties in Honor Oak Park it comes to around average £317,032 for 1 bedroom property, £447,756 for 2 bedroom, £621,401 for 3 bedroom, £967,111 for 4 bedroom and £1,029,521 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 £871 for 1 bedroom to £1,754 for 2 bedrooms, £2,251 for 3 bedrooms, £2,911 for 4 bedrooms and £3,350 for 5 bedrooms house. But if you are interested in renting a 1 bedroom flat then rent per month can be around £1,131. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £1,490, £1,837 for 3 bedroom and £2,700 for 4 bedroom. You should be generally be expecting around average £1,125 rent per month for single bedroom property, £1,515 for 2 bedroom, £2,050 for 3 bedroom, £2,899 for 4 bedroom and approximately £3,350 for a 5 bedroom property in Honor Oak Park area.

Popular Houses in Honor Oak 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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