Palmers Green

Area Guide For Palmers Green

Palmers Green is a place in the London Borough of Enfield. Home to the largest population Cypriots outside Cyprus and is often nicknamed ‘Little Cyprus’ or ‘Palmers Greek’. Green Lane is a renowned spots for Greek and Turkish Cypriot eateries and grocery stores alongside it plenty of clothing stores and cafes. It is an open landscape with much natural surroundings; the area of Palmer Green has large houses with bay windows and perfect gardens to appeal to all.


Palmers Green Map

Estimated Price: £537,112
Average Asking Price: £491,149
Price change in last one year: £57,690
Average Price Paid: £360,832
Average Rent Rates: £1,525


Property Prices Breakdown in Palmers Green

Average Price for property in Palmers Green is around £537,112 which varies based on type of property you are interested in and ranges from £927,089 for detached house to around £715,683 for semi-detached. Similarly terraced house is around £541,716 and a flat is worth £332,696. Values have been changing and have risen £5,750 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £17,488 in last 6 months, £57,690 in last 1 year, £105,135 in last 2 years, £121,677 in last 3 years, £119,964 in last 4 years and £139,953 in last 5 years.

Currently average asking price of a property in Palmers Green is around £491,149 based on approximately 383 properties for sale. Same is the case with rental options based on 242 properties up for rent, average asking rent is around £1,525 per month.

Estimated property value in Palmers Green is £537,112. Average asking price is £491,149 while average price paid is £431,023 which is up by £57,690 and Avg. asking rent £1,525.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 Palmers Green area. In last 1 year alone average price buyer paid is around £431,023 based on approximately 383 sales in Palmers Green area alone. If you compare it to last 3 years sales of 1,264 properties where buyers paid around £382,309. 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 £360,832 for 2,053 and average amount paid for purchase of approx. 2,747 properties sold in last 7 years comes to about £346,229 per sale.


Properties For Sale in Palmers Green


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 £40,000, £411,104 for a 2 bedroom house, £540,233 for a 3 bedroom house, £713,112 for a 4 bedroom house and £825,802 for a 5 bedroom house. For a flat similarly the prices varies from £255,321 for a single bedroom to £355,028 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £390,989. To sum up the asking prices for properties in Palmers Green it comes to around average £241,864 for 1 bedroom property, £366,765 for 2 bedroom, £524,011 for 3 bedroom, £713,112 for 4 bedroom and £825,802 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 £667 for 1 bedroom to £975 for 2 bedrooms, £1,738 for 3 bedrooms, £2,346 for 4 bedrooms and £2,456 for 5 bedrooms house. But if you are interested in renting a 1 bedroom flat then rent per month can be around £1,047. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £1,307, £1,540 for 3 bedroom and £1,536 for 4 bedroom. You should be generally be expecting around average £954 rent per month for single bedroom property, £1,295 for 2 bedroom, £1,660 for 3 bedroom, £2,265 for 4 bedroom and approximately £2,456 for a 5 bedroom property in Palmers Green area.

Popular Houses in Palmers Green

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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