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The London Borough of Ealing is the third largest borough in the capital, and one of the most ethnically diverse locations in the UK. More than 100 languages are spoken in Ealing and is home to the largest Sikh population outside of India.
Once a rural village, Ealing became part of Greater London in 1965 and is now a commercial stronghold in the London economy. Many development projects in Ealing make the borough a great and thriving place to live. However, if you are looking to move from Ealing, what can you expect when selling your home?
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Looking to sell your Ealing home?
Property prices have largely increase across the borough in line with the rest of London, although flats and terraced houses have seen a 6-7% drop over the last year. The average flat in Ealing will now fetch a price of around £503,456, while terraced properties should achieve somewhere in the region of £782,024.
Detached and semi-detached properties have seen the largest price growth in Ealing, with some detached properties achieving as much as 28% more than what they could have last year. This means that this type of home will now reach a price around £1,871,636 on average, while semi-detached homes can achieve £1,213,462.
Looking to rent your home?
You may be wanting to move from the area, but would like to rent out your property. So what can you expect on the rental market?
Property in the borough will generally fetch you an average monthly income of around £2,239 PCM, but this will obviously be affected by the type of house you offer.
A two-bedroom flat will usually achieve an income of around £1,850 PCM, while a four to five-bedroom house should bring in around £3,572 PCM on average.
Buyer demographic in Ealing
Ealing has an even split between single and married people moving into the area.
Due to its location, Ealing can be appealing to professionals working in the city, and families looking for a little distance from the immediate hustle and bustle of the city centre.
The average age for people moving into the borough is 35.
Similar locations to Ealing
Ealing is within great distance of Central London for professionals and provides great opportunities for families. If you are looking for somewhere with similar prospects, consider moving to Harrow or Hammersmith and Fulham.
Save money on you Ealing removals with Comparemymove.com. Get free quotes from trusted removal companies and save up to 70% off your moving day costs. We work with only the best removal companies in the UK, helping you move from Ealing to anywhere in London, the rest of the country or even overseas.
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