Tower Hamlets House Prices, London
Tower Hamlets is a borough, located in London.
Tower Hamlets House Prices
As of June, 2024, the average house prices in Tower Hamlets are as follows:
- studio – £375,000 (-2.73%)
- 1 bedroom flat – £420,000 (-1.71%)
- 2 bedroom flat – £575,000 (-4.63%)
- 3 bedroom flat – £750,000 (-5.13%)
- 4 bedroom flat – £900,000 (-9.99%)
- 5 bedroom flat – £975,000 (-12.78%)
Keep in mind that these are simply the average rates for Tower Hamlets 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 Tower Hamlets, let’s explore how sales are trending this year.
Selling Trends
- As of June, 2024, the average Tower Hamlets house price is £525,000, high by 0.96% as of £520,000 in May, 2024.
- Currently, there are 6,259 houses for sale and an average of 94 property sales per month. Demand in the real estate market is low, so that price may fall.
Check back next month for updated Tower Hamlets house prices.
Tower Hamlets House Prices Growth
The average house price in Tower Hamlets over the last 5 years is as follows:
- 2019-06 – £499,381
- 2020-06 – £518,336 (3.8%)
- 2021-06 – £555,389 (7.15%)
- 2022-06 – £566,164 (1.94%)
- 2023-06 – £526,208 (-7.06%)
- 2024-06 – £487,873 (-7.29%)
Sold house prices in Tower Hamlets have dropped from June, 2023 to June, 2024. Compared to June, 2019, house prices are now down 2%. Therefore, at the moment, you may be able to purchase real estate at a more favourable price than five years ago.
In addition to checking the average Tower Hamlets house prices, it’s also wise to keep an eye on house rent prices in Tower Hamlets. 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 Tower Hamlets.
Read more about Tower Hamlets areas: Bethnal Green, Blackwall & Cubitt Town, Bow, Canary Wharf, Cubitt Town, Lansbury, Limehouse, Mile End, Poplar, Shadwell, Shoreditch, Wapping, Whitechapel.