Area Guide For Piccadilly

Piccadilly is a road in London, running from Hyde Park Corner in the West to Piccadilly Circus in the East. Here you can take a break from shopping and watch the world go by in one of London's busiest squares. Have your picture taken in front of the iconic advertising hoarding and see the statue of Eros.


Piccadilly Map

Estimated Price: £1,697,506
Average Asking Price: £3,044,224
Price change in last one year: £93,780
Average Price Paid: £1,224,121
Average Rent Rates: £8,167


Property Prices Breakdown in Piccadilly

Average Price for property in Piccadilly is around £1,697,506 which varies based on type of property you are interested in and ranges from £1,921,214 for detached house to around £4,395,915 for semi-detached. Similarly terraced house is around £4,127,702 and a flat is worth £1,438,057. Values have been changing and have risen £5,294 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £13,225 in last 6 months, £93,780 in last 1 year, £299,192 in last 2 years, £442,764 in last 3 years, £472,977 in last 4 years and £504,475 in last 5 years.

Currently average asking price of a property in Piccadilly is around £3,044,224 based on approximately 33 properties for sale. Same is the case with rental options based on 430 properties up for rent, average asking rent is around £8,167 per month.

Estimated property value in Piccadilly is £1,697,506. Average asking price is £3,044,224 while average price paid is £1,638,409 which is up by £93,780 and Avg. asking rent £8,167.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 Piccadilly area. In last 1 year alone average price buyer paid is around £1,638,409 based on approximately 33 sales in Piccadilly area alone. If you compare it to last 3 years sales of 130 properties where buyers paid around £1,475,774. 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 £1,224,121 for 283 and average amount paid for purchase of approx. 376 properties sold in last 7 years comes to about £1,128,255 per sale.


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 £1,201,661, £2,616,667 for a 2 bedroom house, £2,850,000 for a 3 bedroom house, £19,125,000 for a 4 bedroom house and £14,000,000 for a 5 bedroom house. For a flat similarly the prices varies from £1,066,268 for a single bedroom to £2,144,534 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £4,554,821 and £4,200,000 for a 4 bedroom flat. To sum up the asking prices for properties in Piccadilly it comes to around average £1,085,015 for 1 bedroom property, £2,190,224 for 2 bedroom, £4,389,839 for 3 bedroom, £16,140,000 for 4 bedroom and £14,000,000 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 £7,738 for 1 bedroom to £11,585 for 2 bedroom, £24,137 for 3 bedroom and £19,861 for 5 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £4,006. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £7,806, £11,713 for 3 bedroom, £12,188 for 4 bedroom and around £195,000 for 5 bedroom flat. You should be generally be expecting around average £4,408 rent per month for single bedroom property, £8,160 for 2 bedroom, £13,158 for 3 bedroom, £12,188 for 4 bedroom and approximately £63,646 for a 5 bedroom property in Piccadilly area.

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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