Comparable Information Pack Vogue

VOGUE INFORMATION PACK

INDEX 1. 2. 3. 4. 5. 6. 7.

Tower Hamlets Property Market Info House Price Index Property Market Statistics Demographic Info Council Tax Sales Comparables Rental Comparables

1. TOWER HAMLETS PROPERTY MARKET INFO The size of the property market in E1 is 21825 homes. When compared against a national average compound annual growth rate (CAGR) over the last 5 years of 12.5%, the growth in this postcode district has been 9.8%. This could well be because this is an area which has invested in improving housing stock, transport links or other local infrastructure. It may also suggest proximity to an area of economic growth such as one of the financial clusters (London, Leeds, Bristol etc.) or strong local presence in growth industries (for example investment in university facilities, attractiveness of an area to IT companies or other knowledge- based organisations). The average property in this postcode district was valued at £262689 over the last 3 months. Since most banks lend money to buy property using their customers’ salary as a indicator of affordability, the price earnings ratio is a useful guide as to whether property in an area is expensive or not. Price Earnings Ratio in this postcode district is 10.4. Places like this represent the “well- heeled” districts of each postcode area. Although recently there have been some spectacular price increases in more expensive areas, in general, prices appreciate slowly in more expensive places because there is less demand for more expensive properties, and the turnover of them is slower because they are not commonly used as investment property. New transactions as a percentage of overall sales are 25.2%.

2. HOUSE PRICE INDEX

3. PROPERTY MARKET STATISTICS

4. DEMOGRAPHIC INFO

5. COUCIL TAX BANDING

7. SALES COMPARABLES

8. RENTAL COMPARABLES