Forest Gate House Prices, London
Forest Gate is an area, located in the borough Newham.
Forest Gate House Prices
As of June, 2024, the average house prices in Forest Gate are as follows:
- studio – £190,000 (-76.1%)
- 1 bedroom flat – £285,000 (-3.52%)
- 2 bedroom flat – £399,497 (0.38%)
- 3 bedroom flat – £537,972 (0.35%)
- 4 bedroom flat – £777,500 (-0.58%)
- 5 bedroom flat – £850,000 (1.83%)
Keep in mind that these are simply the average rates for Forest Gate house prices, so you can find quality properties for more or less than these numbers. In addition to this month’s sold house prices in Forest Gate, let’s explore how sales are trending this year.
Selling Trends
- As of June, 2024, the average Forest Gate house price is £475,000, low by 2.06% as of £485,000 in May, 2024.
- Currently, there are 155 houses for sale and an average of 12 property sales per month. Demand in the real estate market is low, so that price may fall.
Check back next month for updated Forest Gate house prices.
Forest Gate House Prices Growth
The average house price in Forest Gate over the last 5 years is as follows:
- 2019-06 – £405,513
- 2020-06 – £434,317 (7.1%)
- 2021-06 – £440,131 (1.34%)
- 2022-06 – £457,465 (3.94%)
- 2023-06 – £487,543 (6.57%)
- 2024-06 – £487,760 (0.04%)
Sold house prices in Forest Gate remained unchanged from June, 2023 to June, 2024. Compared to June, 2019, house prices are now up 20%. Thus, if the trend continues, purchasing real estate in Forest Gate in the current climate could be favourable, with the potential for an attractive profit in the future.
In addition to checking the average Forest Gate house prices, it’s also wise to keep an eye on house rent prices in Forest Gate. If you aren’t quite ready to buy or want to purchase an investment property, it’s a good idea to stay up-to-date on the latest rent rates!
Check back to HowToEstate soon for updated prices on renting, buying, and selling property in Forest Gate.