Upper Norwood

Area Guide For Upper Norwood

Upper Norwood is an area of the South East London within the London Borough of Bromley, Southwark, Lambeth and Croydon. Most housing dates from the 19th and 20th centuries, with large detached properties along the ridge and smaller, semi-detached and terraced dwellings on the slopes. There are some more modern areas of social housing that date from the 1970s. The hill offers panoramic views northward to central London and southward to central Croydon and the North Downs.


Upper Norwood Map

Estimated Price: £378,176
Average Asking Price: £492,649
Price change in last one year: £42,841
Average Price Paid: £286,379
Average Rent Rates: £1,359


Property Prices Breakdown in Upper Norwood

Average Price for property in Upper Norwood is around £378,176 which varies based on type of property you are interested in and ranges from £772,623 for detached house to around £554,515 for semi-detached. Similarly terraced house is around £425,792 and a flat is worth £271,703. Values have been changing and have risen £2,312 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £7,641 in last 6 months, £42,841 in last 1 year, £80,046 in last 2 years, £96,217 in last 3 years, £98,263 in last 4 years and £104,102 in last 5 years.

Currently average asking price of a property in Upper Norwood is around £492,649 based on approximately 316 properties for sale. Same is the case with rental options based on 64 properties up for rent, average asking rent is around £1,359 per month.

Estimated property value in Upper Norwood is £378,176. Average asking price is £492,649 while average price paid is £348,544 which is up by £42,841 and Avg. asking rent £1,359.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 Upper Norwood area. In last 1 year alone average price buyer paid is around £348,544 based on approximately 316 sales in Upper Norwood area alone. If you compare it to last 3 years sales of 986 properties where buyers paid around £304,090. 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 £286,379 for 1,430 and average amount paid for purchase of approx. 1,796 properties sold in last 7 years comes to about £276,109 per sale.


Properties For Sale in Upper 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 £325,000, £437,500 for a 2 bedroom house, £487,094 for a 3 bedroom house, £825,200 for a 4 bedroom house and £984,988 for a 5 bedroom house. For a flat similarly the prices varies from £229,203 for a single bedroom to £319,436 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £477,143. To sum up the asking prices for properties in Upper Norwood it comes to around average £232,396 for 1 bedroom property, £321,253 for 2 bedroom, £484,415 for 3 bedroom, £825,200 for 4 bedroom and £984,988 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 £1,674 for 3 bedroom to £2,136 for 4 bedroom and £3,430 for 5 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £1,056. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £1,329 and £1,400 for 3 bedroom. You should be generally be expecting around average £1,056 rent per month for single bedroom property, £1,329 for 2 bedroom, £1,606 for 3 bedroom, £2,136 for 4 bedroom and approximately £3,430 for a 5 bedroom property in Upper Norwood area.

Popular Houses in Upper 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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