Aug 09, 2022 by HM
House prices in Wanstead (E11 2)
This article reveals price per square foot data and various charts to help you understand current housing market in Wanstead (E11 2).
Price per square foot
Knowing the average house price in Wanstead is not much use. However, knowing average price per square foot can be quite useful. Price per sqft allows some comparison between properties of different size. We define price per square foot as the sold price divided by the internal area of a property:
£ per sqft = price ÷ internal areaE.g. 9, The Hollies, Wanstead, London, sold for £490,000 on May-2022. Given the internal area of 925 square feet, the price per sqft is £529.
England & Wales are officially metric, government policy dating back to 1965. Unless you still think in yards, feet and inches please convert this page to square metres!
The chart below is called a histogram, it helps you see the distribution of this house price per sqft data. To make this chart we put the sales data into a series of £ per sqft 'buckets' (e.g. £706-£743, £743-£780, £780-£817 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 280 sales in Wanstead (E11 2) that took place in the last two years.
Distribution of £ per sqft for Wanstead (E11 2)
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 Wanstead (E11 2). Of the 280 transactions, half were sold for between £563 and £759 per square foot. Notably, only 25% of properties that sold recently were valued at more than £759 per square foot. 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 foot in 'E11 2' is £664. The table below shows how 'E11 2' compares to neighbouring postcode sectors.
|Postcode sector||Lower quartile||Middle quartile||Upper quartile|
|E11 2 Wanstead||£563 sqft||£664 sqft||£759 sqft|
|E11 3 Leytonstone||£520 sqft||£589 sqft||£668 sqft|
|E11 1 Leytonstone||£506 sqft||£580 sqft||£664 sqft|
|E11 4 Leytonstone||£513 sqft||£603 sqft||£684 sqft|
Will Wanstead 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 2 (Wanstead). 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 2 and the blue dots are the individual property sales that inform this trend.
Price per square foot in Wanstead (E11 2) over time
Click on any blue dot to see details of specific sales
Disclaimer: The data provided throughout this website about Wanstead 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 Wanstead data or any other data we are given.
Street level data
|Street||Avg size||Avg £/ft2||Recent sales|
|Cambridge Road, Wanstead, E11 2P||775 sqft||£467||22|
|Cowley Road, Wanstead, E11 2H||882 sqft||£794||22|
|Halstead Road, Wanstead, E11 2A||914 sqft||£790||20|
|Hermon Hill, Wanstead, E11 2A||645 sqft||£691||18|
|Grosvenor Road, Wanstead, E11 2E||775 sqft||£684||18|
|Wellesley Road, Wanstead, E11 2H||1,001 sqft||£738||16|
|Cambridge Park, Wanstead, E11 2U||505 sqft||£423||14|
|Gardner Close, Wanstead, E11 2H||807 sqft||£452||13|
Search for your street here.
Our analysis of Wanstead 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.
|9, The Hollies, Wanstead, London|| £490,000
|Flat A 29, Leicester Rd, Wanstead, London|| £530,000
|15, Camden Rd, Wanstead, London|| £565,001
HouseMetric is a hobby, created out of a desire to see data and analysis not present on any free to use website. It is still a work in progress and I'll add more stuff in the near future.