Average Price for property in Tower Hamlets (London Borough) is around £495,994 which varies based on type of property you are interested in and ranges from £804,545 for detached house to around £601,512 for semi-detached. Similarly terraced house is around £628,191 and a flat is worth £475,100. Values have been changing and have risen £929 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £4,768 in last 6 months, £13,878 in last 1 year, £82,275 in last 2 years, £100,568 in last 3 years, £107,199 in last 4 years and £108,692 in last 5 years.
Currently average asking price of a property in Tower Hamlets (London Borough) is around £626,358 based on approximately 3,335 properties for sale. Same is the case with rental options based on 3,818 properties up for rent, average asking rent is around £2,190 per month.
Estimated property value in Tower Hamlets (London Borough) is £495,994. Average asking price is £626,358 while average price paid is £450,263 which is up by £13,878 and Avg. asking rent £2,190.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 Tower Hamlets (London Borough) area. In last 1 year alone average price buyer paid is around £450,263 based on approximately 3,335 sales in Tower Hamlets (London Borough) area alone. If you compare it to last 3 years sales of 10,684 properties where buyers paid around £410,368. 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 £385,671 for 17,001 and average amount paid for purchase of approx. 3,335 properties sold in last 7 years comes to about £450,263 per sale.