Nine Elms

Area Guide For Nine Elms

Nine Elms is a district of London, situated in the far North Eastern corner of the London Borough of Wandsworth between Battersea and Vauxhall. Nine Elms has some residential developments along the riverside, the most recent of which is Chelsea Bridge Wharf, and also three large council estates—Carey Gardens, The Patmore and The Savona. On 16 February 2012, Wandsworth Council approved Ballymore Group's plans for the 15-acre development. Embassy Gardens is set to provide "up to 1,982 new homes alongside shops, cafes, bars, restaurants, business space, a 100 bed hotel, a health centre, children's playgrounds and sports pitches". In 2014, it was reported that Ballymore had engaged Lazard and CBRE Group to raise about €2.5bn to fund the Embassy Gardens development.


Nine Elms Map

Estimated Price: £685,075
Average Asking Price: £1,244,147
Price change in last one year: £78,233
Average Price Paid: £452,317
Average Rent Rates: £2,766


Property Prices Breakdown in Nine Elms

Average Price for property in Nine Elms is around £685,075 which varies based on type of property you are interested in and ranges from £836,265 for detached house to around £781,800 for semi-detached. Similarly terraced house is around £767,260 and a flat is worth £671,338. Values have been changing and have risen £718 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £7,350 in last 6 months, £78,233 in last 1 year, £143,619 in last 2 years, £188,838 in last 3 years, £215,565 in last 4 years and £215,414 in last 5 years.

Currently average asking price of a property in Nine Elms is around £1,244,147 based on approximately 182 properties for sale. Same is the case with rental options based on 293 properties up for rent, average asking rent is around £2,766 per month.

Estimated property value in Nine Elms is £685,075. Average asking price is £1,244,147 while average price paid is £544,065 which is up by £78,233 and Avg. asking rent £2,766.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 Nine Elms area. In last 1 year alone average price buyer paid is around £544,065 based on approximately 182 sales in Nine Elms area alone. If you compare it to last 3 years sales of 592 properties where buyers paid around £481,158. 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 £452,317 for 974 and average amount paid for purchase of approx. 1,408 properties sold in last 7 years comes to about £428,770 per sale.


Properties For Sale in Nine Elms


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 £702,958, £1,285,468 for a 2 bedroom house, £1,726,872 for a 3 bedroom house, £975,000 for a 4 bedroom house and £1,112,500 for a 5 bedroom house. For a flat similarly the prices varies from £685,148 for a single bedroom to £1,266,208 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £2,195,380. To sum up the asking prices for properties in Nine Elms it comes to around average £687,282 for 1 bedroom property, £1,268,222 for 2 bedroom, £2,127,848 for 3 bedroom, £975,000 for 4 bedroom and £1,112,500 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 £1,660 for 1 bedroom to £3,706 for 2 bedrooms, £2,681 for 3 bedrooms, £2,548 for 4 bedrooms and £3,315 for 5 bedrooms house. But if you are interested in renting a 1 bedroom flat then rent per month can be around £1,956. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £3,211, £2,460 for 3 bedroom and £3,163 for 4 bedroom. You should be generally be expecting around average £1,938 rent per month for single bedroom property, £3,260 for 2 bedroom, £2,504 for 3 bedroom, £2,856 for 4 bedroom and approximately £3,315 for a 5 bedroom property in Nine Elms area.

Popular Houses in Nine Elms

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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