SE20

Real Estate Area Guide For SE20

 

SE20 Map

Estimated Price: £321,530
Average Asking Price: £393,395
Price change in last one year: £36,337
Average Price Paid: £244,099
Average Rent Rates: £1,059

 

SE20 Rating

According to the ratings we obtained in our survey of the SE20 area, 83% of the people rate it as a Very good neighbourhood overall and 80% consider it a safe locality with a strong sense of community. 70% of the votes are in favour of the entertainment & nightlife options while 90% of the people recommend the parks and recreational facilities. The restaurants & shopping scene received 80% votes while 80% of the residents gave good reviews for schools, public services and 90% also voted for transport & travel facilities in the neighbourhood.

Property Prices Breakdown in SE20

Average Price for property in SE20 is around £321,530 which varies based on type of property you are interested in and ranges from £623,991 for detached house to around £470,906 for semi-detached. Similarly terraced house is around £397,188 and a flat is worth £246,309. Values have been changing and have risen £1,962 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £6,477 in last 6 months, £36,337 in last 1 year, £69,579 in last 2 years, £78,990 in last 3 years, £80,143 in last 4 years and £88,346 in last 5 years.

Currently average asking price of a property in SE20 is around £393,395 based on approximately 397 properties for sale. Same is the case with rental options based on 67 properties up for rent, average asking rent is around £1,059 per month.

Estimated property value in SE20 is £321,530. Average asking price is £393,395 while average price paid is £291,443 which is up by £36,337 and Avg. asking rent £1,059.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 SE20 area. In last 1 year alone average price buyer paid is around £291,443 based on approximately 397 sales in SE20 area alone. If you compare it to last 3 years sales of 1,033 properties where buyers paid around £254,740. 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 £244,099 for 1,486 and average amount paid for purchase of approx. 1,907 properties sold in last 7 years comes to about £235,928 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 2 bedroom is around £414,988, £414,763 for a 3 bedroom house, £673,319 for a 4 bedroom house and £724,150 for a 5 bedroom house. For a flat similarly the prices varies from £232,947 for a single bedroom to £314,880 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £320,990. To sum up the asking prices for properties in SE20 it comes to around average £232,947 for 1 bedroom property, £323,052 for 2 bedroom, £376,747 for 3 bedroom, £673,319 for 4 bedroom and £724,150 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 £710 for 1 bedroom to £1,360 for 2 bedroom and £1,666 for 3 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £922. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £1,133 and £1,134 for 3 bedroom. You should be generally be expecting around average £856 rent per month for single bedroom property, £1,184 for 2 bedroom and approximately £1,489 for 3 bedroom property in SE20 area.

Popular Houses in SE20

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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