South Norwood

Area Guide For South Norwood

South Norwood is a district of South East London, within the London Borough of Croydon. An area of stunning Victorian and Edwardian houses with relatively affordable price tags. South Norwood offers grand open spaces with county parks and lakes, excellent accessibility into central London; the train and overground service is second to none and thoroughly recommend by London commuters.


South Norwood Map

Estimated Price: £296,749
Average Asking Price: £308,208
Price change in last one year: £32,726
Average Price Paid: £215,494
Average Rent Rates: £1,114


Property Prices Breakdown in South Norwood

Average Price for property in South Norwood is around £296,749 which varies based on type of property you are interested in and ranges from £527,306 for detached house to around £403,453 for semi-detached. Similarly terraced house is around £334,911 and a flat is worth £215,977. Values have been changing and have risen £3,050 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £9,027 in last 6 months, £32,726 in last 1 year, £63,144 in last 2 years, £75,091 in last 3 years, £72,894 in last 4 years and £79,572 in last 5 years.

Currently average asking price of a property in South Norwood is around £308,208 based on approximately 535 properties for sale. Same is the case with rental options based on 101 properties up for rent, average asking rent is around £1,114 per month.

Estimated property value in South Norwood is £296,749. Average asking price is £308,208 while average price paid is £245,052 which is up by £32,726 and Avg. asking rent £1,114.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 South Norwood area. In last 1 year alone average price buyer paid is around £245,052 based on approximately 535 sales in South Norwood area alone. If you compare it to last 3 years sales of 1,287 properties where buyers paid around £223,984. 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 £215,494 for 1,853 and average amount paid for purchase of approx. 2,542 properties sold in last 7 years comes to about £209,201 per sale.


Properties For Sale in South Norwood


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 £222,450, £298,187 for a 2 bedroom house, £377,690 for a 3 bedroom house, £449,093 for a 4 bedroom house and £538,329 for a 5 bedroom house. For a flat similarly the prices varies from £181,644 for a single bedroom to £245,999 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £326,658 and £500,000 for a 4 bedroom flat. To sum up the asking prices for properties in South Norwood it comes to around average £183,634 for 1 bedroom property, £256,133 for 2 bedroom, £373,378 for 3 bedroom, £451,215 for 4 bedroom and £538,329 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 £784 for 1 bedroom to £1,199 for 2 bedrooms, £1,403 for 3 bedrooms, £1,811 for 4 bedrooms and £1,722 for 5 bedrooms house. But if you are interested in renting a 1 bedroom flat then rent per month can be around £833. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £1,197, £1,274 for 3 bedroom and £1,300 for 4 bedroom. You should be generally be expecting around average £828 rent per month for single bedroom property, £1,197 for 2 bedroom, £1,390 for 3 bedroom, £1,726 for 4 bedroom and approximately £1,722 for a 5 bedroom property in South Norwood area.

Popular Houses in South Norwood

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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