Area Guide For Millwall

Millwall is an area in London, on the southwestern side of Isle of Dogs, in the London Borough of Tower Hamlets. Seven windmills once stood on the Isle of Dogs, helping to give this part of the island the name ‘MILLWALL’. The wall was in fact a great bank of earth and stones, perhaps dating back to the Roman era and certainly in use by the early Middle Ages. This bank of earth kept the river from flooding the island at high tide, allowing the surrounding land to be cultivated for farmland.


Millwall Map

Estimated Price: £557,200
Average Asking Price: £613,898
Price change in last one year: £58,977
Average Price Paid: £409,001
Average Rent Rates: £2,599


Property Prices Breakdown in Millwall

Average Price for property in Millwall is around £557,200 which varies based on type of property you are interested in and ranges from £848,370 for detached house to around £625,139 for semi-detached. Similarly terraced house is around £635,399 and a flat is worth £551,509. Values have been changing and have risen £6,391 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £14,344 in last 6 months, £58,977 in last 1 year, £116,805 in last 2 years, £128,014 in last 3 years, £132,979 in last 4 years and £134,832 in last 5 years.

Currently average asking price of a property in Millwall is around £613,898 based on approximately 665 properties for sale. Same is the case with rental options based on 1,344 properties up for rent, average asking rent is around £2,599 per month.

Estimated property value in Millwall is £557,200. Average asking price is £613,898 while average price paid is £475,281 which is up by £58,977 and Avg. asking rent £2,599.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 Millwall area. In last 1 year alone average price buyer paid is around £475,281 based on approximately 665 sales in Millwall area alone. If you compare it to last 3 years sales of 1,868 properties where buyers paid around £437,816. 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 £409,001 for 3,671 and average amount paid for purchase of approx. 5,218 properties sold in last 7 years comes to about £400,401 per sale.


Properties For Sale in Millwall


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 £512,143, £505,999 for a 2 bedroom house, £894,000 for a 3 bedroom house, £1,037,500 for a 4 bedroom house and £475,000 for a 5 bedroom house. For a flat similarly the prices varies from £454,044 for a single bedroom to £684,703 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £1,380,872 and £4,048,999 for a 4 bedroom flat. To sum up the asking prices for properties in Millwall it comes to around average £455,237 for 1 bedroom property, £680,146 for 2 bedroom, £1,341,608 for 3 bedroom, £3,188,571 for 4 bedroom and £475,000 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 £1,104 for 1 bedroom to £2,379 for 2 bedrooms, £3,618 for 3 bedrooms, £3,816 for 4 bedrooms and £3,214 for 5 bedrooms house. But if you are interested in renting a 1 bedroom flat then rent per month can be around £1,607. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £2,980, £4,444 for 3 bedroom and £13,352 for 4 bedroom. You should be generally be expecting around average £1,584 rent per month for single bedroom property, £2,963 for 2 bedroom, £4,348 for 3 bedroom, £9,265 for 4 bedroom and approximately £3,214 for a 5 bedroom property in Millwall area.

Popular Houses in Millwall

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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