Turn-key refurbished two-bedroom flat located close to Queen’s Park station, benefitting from the demise of large roof terrace.
Queen’s Park area is one of London’s most promising property hotspots for 2020.
Whether you are considering selling, buying, or renting out your property, understanding the current local market’s conditions, challenges and opportunities are paramount!
When it comes to real estate, you really have to know what you’re doing. It’s not easy out there, especially when the market is as hot as it is right now. You have to be alert and on your toes at all times, or else you might get taken advantage of.
Here’s a review of the current local property market for January 2020. Where data is available for Queen’s Park specifically, We have used W9 data which includes Maida Vale, which is a more expensive area.
MARKET ACTIVITY FOR FLATS
Value change in the last 6 months: +6.36%
Value change in the last 3 months: +0.42%
Overall, the stock has decreased which is good news for vendors and less good news for buyers.
Less stock means fewer properties to compete with for vendors and less choice for buyers.
Of course, W9 data includes Maida Vale so please bear that in mind when making a decision.
Remember, at this stage, it’s all about making the correct decision.
W9 SELLING TIMES
Please remember that W9 includes Maida Vale, known for its lengthy selling times and may not represent accurately Queen’s Park’s average selling times.
W9 SALE TRANSACTIONS
Despite lengthy selling times, the level of buying activity has been stable for the last 6 months ending in October 2019. This is one of the busiest months of the year so it’s no surprise that there were plenty of homes going under contract that month.
VALUES AND SOLD PRICES IN QUEEN’S PARK
(3 months ago)
Please note where selling prices exceed current values, this shows a solid demand from buyers.
CURRENT ASKING RENTS IN QUEEN’S PARK
If you are in the market to purchase a property, it is important to consider all of your options and make sure that you have all the information you need to make the best decision. This may include hiring a professional. People who can help guide you through the process. They can ensure that you are making a sound investment. By taking into account all of the factors involved in buying a home, you can feel confident in your choice and be well on your way to enjoying life in your new home.
Have you hired someone to help you buy property before? What was that experience like?
To receive your free personal local market report, simply email [email protected]
and specify which London postcode you are interested in.
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