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Bethnal Green
Shoreditch
EC1
EC2
EC4 EC3
E1
E2
EC1
EC2
EC4 EC3
E1
E2
Stepney Green
Whitechapel
Aldgate East
Fenchurch Street
Wapping
London BridgeBlackfriars Bridge
Bank of England
Moorgate
Liverpool St
Barbican
Clerkenwell
St. Paul’s Cathedral
Tower of London
CITY AND ALDGATE LETTINGS MARKET INSIGHT 2017
Source: Knight Frank ResearchSource: Knight Frank Research / Land RegistrySource: Knight Frank Research / TwentyCi
FIGURE 1 Rental values in Aldgate and surrounding area Average weekly asking rents, 12 months to March 2017
Source: Knight Frank Research / TwentyCi
FIGURE 2 City and Aldgate fact sheetAverage change in asking rents between 2011 and 2017
City & Aldgate (area above) One-bed flat 10%Two-bed flat 12%Three-bed flat 15% E1 One-bed flat 16%Two-bed flat 16%Three-bed flat 27% E2 One-bed flat 13%Two-bed flat 8%Three-bed flat 5%
Population: 131,648
PROPERTY TYPE
£500,000-plus sales, two years to December 2016
BLUE PLAQUES Dr Thomas Barnardo PhilanthropistDr Samuel Johnson Author, Lexicographer
AGE OF HOUSING STOCK
Flat
Terraced
88%
12%
n Sub-£345
n £345-£405
n £405 - £520
n £520 - £635
n £635-plus
Pre-1900
1900-1939
1945-1972
1973-1999
2000-present
19%
9%
33%
17%
22%
Crossrail station
Bethnal Green
Shoreditch
Stepney Green
Whitechapel
Aldgate East
Fenchurch Street
Wapping
London BridgeBlackfriars Bridge
Bank of England
Moorgate
Liverpool St
Barbican
Clerkenwell
St. Paul’s Cathedral
Tower of London
Important Notice © Knight Frank LLP 2017 - This report is published for general information only and not to be relied upon in any way. Although high standards have been used in the preparation of the information, analysis, views and projections presented in this report, no responsibility or liability whatsoever can be accepted by Knight Frank LLP for any loss or damage resultant from any use of, reliance on or reference to the contents of this document. As a general report, this material does not necessarily represent the view of Knight Frank LLP in relation to particular properties or projects. Reproduction of this report in whole or in part is not allowed without prior written approval of Knight Frank LLP to the form and content within which it appears. Knight Frank LLP is a limited liability partnership registered in England with registered number OC305934. Our registered office is 55 Baker Street, London, W1U 8AN, where you may look at a list of members’ names.
FIGURE 4 Rental market analysis by property type in E1, EC1 and EC2
CITY AND ALDGATE LETTINGS MARKET INSIGHT 2017
RESIDENTIAL RESEARCH
Source: Knight Frank Research / TwentyCi
Source: Knight Frank Research / TwentyCi
FIGURE 3 Rental value performance Change in average weekly asking rent for a one-bedroom flat, Q1 2017 versus Q1 2015
LONDON RESIDENTIAL
Jennifer King-Neary Manager, Aldgate Lettings + 44 20 3823 9931
[email protected] Raul Cimesa Residential Development City and East, New Homes +44 20 7718 5227
RESIDENTIAL RESEARCH
Tom Bill Head of London Residential Research +44 20 7861 1492 [email protected]
PRESS OFFICE Harry Turner +44 20 3861 6974 [email protected]
Properties listed for rent, year to March 2017
Percentage of total lettings market
n Sub -5% n -5% to 0% n 0% to 5% n 5% to 10% n 10%+
0
500
1000
1500
2000
2500
3000
3500
4000
4500
5000
Q1-
2014
Q2-
2014
Q3-
2014
Q4-
2014
Q1-
2015
Q2-
2015
Q3-
2015
Q4-
2015
Q1-
2016
Q2-
2016
Q3-
2016
Q4-
2016
Q1-
2017
£2,000
£2,050
£2,250
£2,250£2,058
£2,200
£2,300 £2,250 £2,195
£2,000
£2,200£2,300
£1,957
£0£100£200£300£400£500
FIGURE 5 Lettings volumes and asking rent analysis for E1, EC1 and EC2
Total listings Average weekly
asking rent Maximum weekly
asking rent
Source: Knight Frank Research /TwentyCi
Type Beds Average Weekly Asking Rent
Flat 0 £322
Flat 1 £376
Flat 2 £531
Flat 3 £592
Type Beds Average Weekly Asking Rent
House 2 £508
House 3 £590
House 4 £663
House 5 £883
7.1% 32.5% 32.8% 11.2%
0.4%1.3%1.3%0.9%
