Aug 09, 2022 by HM

# House prices in Leytonstone (E11 1)

## Price per square metre

Knowing the average house price in Leytonstone is not much use. However, knowing average price per square metre can be quite useful. Price per sqm allows some comparison between properties of different size. We define price per square metre as the sold price divided by the internal area of a property:

£ per sqm = price ÷ internal area
E.g. 23 Nexus Court, 10, Kirkdale Road, Leytonstone, London, sold for £300,000 on Jun-2022. Given the internal area of 53 square metres, the price per sqm is £5,660.

England & Wales have been officially metric for many decades. However house price per square foot is sometimes prefered by those of sufficiently advanced age. They may want to convert metres on this page to square feet.

The chart below is called a histogram, it helps you see the distribution of this house price per sqm data. To make this chart we put the sales data into a series of £ per sqm 'buckets' (e.g. £6,150-£6,500, £6,500-£6,850, £6,850-£7,200 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 243 sales in Leytonstone (E11 1) that took place in the last two years.

##### Distribution of £ per sqm for Leytonstone (E11 1)
Distribution of £ per sqm house prices in Leytonstone

You can see the spread of prices above. This is because although internal area is a key factor in determining valuation, it is not the only factor. Many factors other than size affect desirability; these factors could be condition, aspect, garden size, negotiating power of the vendor etc.

That said, the spread of prices will give you a feel of the typical range to expect in Leytonstone (E11 1). Of the 243 transactions, half were sold for between £5,450 and £7,150 per square metre. Notably, only 25% of properties that sold recently were valued at more than £7,150m2. For anything to be valued more than this means it has to be more desireable than the clear majority of homes.

For the average, we calculate the 'median' or middle price. The median price per square metre in 'E11 1' is £6,250. The table below shows how 'E11 1' compares to neighbouring postcode sectors.

Postcode sector Lower quartile Middle quartile Upper quartile
E11 2 Wanstead £6,070m2 £7,150m2 £8,180m2
E11 3 Leytonstone £5,600m2 £6,340m2 £7,200m2
E11 1 Leytonstone £5,450m2 £6,250m2 £7,150m2
E11 4 Leytonstone £5,530m2 £6,500m2 £7,370m2

## Will Leytonstone house prices drop in 2022?

We cannot tell the future and don't believe anyone who says they can. We can however plot price trends - we have done this in the scatter plot below for E11 1 (Leytonstone). From this one could infer a range of reasonable possible future price falls or rises. In the chart below, the red dashed line is the house price trend for E11 1 and the blue dots are the individual property sales that inform this trend.

##### Price per square metre in Leytonstone (E11 1) over time
House price trends for Leytonstone

Click on any blue dot to see details of specific sales

Disclaimer: The data provided throughout this website about Leytonstone and any other area, is not financial advice. Any information provided does not and cannot ever take in to account the particular financial situation, objectives or property needs of either you or anyone reading this information. Furthermore, we cannot guarantee the accuracy of any data shown. This information is based on sold prices and internal area data provided by Land Registry and other third parties - we do not verify the accuracy of the Leytonstone data or any other data we are given.

## Street level data

Street Avg size Avg £/m2 Recent sales
Hainault Road, Leytonstone, E11 1E 81m2 £5,740 37
Fairlop Road, Leytonstone, E11 1B 84m2 £5,895 21
Forest Road, Leytonstone, E11 1J 69m2 £7,215 18
Queens Road, Leytonstone, E11 1B 90m2 £6,131 18
Cavendish Drive, Leytonstone, E11 1D 90m2 £6,407 16
Whipps Cross Road, Leytonstone, E11 1N 65m2 £5,726 15
Wallwood Road, Leytonstone, E11 1A 101m2 £5,910 14
Colworth Road, Leytonstone, E11 1J 93m2 £6,561 12

## Raw data

Our analysis of Leytonstone is derived from what is essentially a big table of sold prices from Land Registry with added property size information. Below are three rows from this table to give you an idea.