West Norwood

Area Guide For West Norwood

West Norwood is a largely residential area of South London within the London Borough of Lambeth. The centre of West Norwood sits in a bowl surrounded by hillsides on its east, west and south sides. From many places in the area, distant views can be seen, including glimpses of the City, Canary Wharf, Crystal Palace, Dulwich and the ridge at Leigham Court Road. A new facility, West Norwood Health and Leisure Centre opened in 2014. This is located on Devane Way, and offers leisure facilities including a full sized swimming pool, gym, dance studio, community space as well as health resources, both GP and dental. Houses here vary from 1920’s to 30’s terraces and Victorian semi detached grand houses and town houses. There is also the possibility of buying or renting flats within the area.


West Norwood Map

Estimated Price: £496,329
Average Asking Price: £508,934
Price change in last one year: £62,045
Average Price Paid: £336,462
Average Rent Rates: £1,536


Property Prices Breakdown in West Norwood

Average Price for property in West Norwood is around £496,329 which varies based on type of property you are interested in and ranges from £1,009,170 for detached house to around £666,836 for semi-detached. Similarly terraced house is around £550,306 and a flat is worth £333,714. Values have been changing and have risen £5,644 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £16,429 in last 6 months, £62,045 in last 1 year, £109,678 in last 2 years, £125,120 in last 3 years, £127,787 in last 4 years and £137,620 in last 5 years.

Currently average asking price of a property in West Norwood is around £508,934 based on approximately 268 properties for sale. Same is the case with rental options based on 70 properties up for rent, average asking rent is around £1,536 per month.

Estimated property value in West Norwood is £496,329. Average asking price is £508,934 while average price paid is £394,621 which is up by £62,045 and Avg. asking rent £1,536.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 West Norwood area. In last 1 year alone average price buyer paid is around £394,621 based on approximately 268 sales in West Norwood area alone. If you compare it to last 3 years sales of 820 properties where buyers paid around £354,313. 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 £336,462 for 1,241 and average amount paid for purchase of approx. 1,552 properties sold in last 7 years comes to about £327,222 per sale.


Properties For Sale in West 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 2 bedroom is around £485,522, £551,238 for a 3 bedroom house, £694,271 for a 4 bedroom house and £1,008,308 for a 5 bedroom house. For a flat similarly the prices varies from £291,089 for a single bedroom to £353,296 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £446,475, £600,000 for a 4 bedroom flat and £950,000 for a 5 bedroom flat. To sum up the asking prices for properties in West Norwood it comes to around average £291,089 for 1 bedroom property, £376,630 for 2 bedroom, £523,668 for 3 bedroom, £673,322 for 4 bedroom and £999,979 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 £550 for 1 bedroom to £1,351 for 2 bedrooms, £1,616 for 3 bedrooms, £2,984 for 4 bedrooms and £2,700 for 5 bedrooms house. But if you are interested in renting a 1 bedroom flat then rent per month can be around £1,085. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £1,414 and £1,782 for 3 bedroom. You should be generally be expecting around average £1,032 rent per month for single bedroom property, £1,408 for 2 bedroom, £1,727 for 3 bedroom, £2,984 for 4 bedroom and approximately £2,700 for a 5 bedroom property in West Norwood area.

Popular Houses in West 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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