The average property value in Hackney is £693,732 according to property sale data for the year ending June 2021 published by HM Land Registry. Between the years ending June 2020 and June 2021, property values in Hackney fell by £41,419. Compare house prices by area
Average property prices in Hackney fell by 5.6% between the years ending June 2020 and June 2021. Between the years ending June 2011 and June 2021, property prices on average grew by 7.3% per year.
If prices in Hackney continue to rise by 7.3% a year, the average property price will be £918,583 in 2025.
There were 2,026 property sales in Hackney in the year ending June 2021, a decrease of 79 when compared to the previous year.
The average price for a house in Hackney ranges from £1,107,738 for a terraced house to £1,495,833 for a detached house, with semi-detached in between costing on average £1,350,717.
The average price for a flat or maisonette in Hackney is £571,432.
Price trends for small areas may be less statistically significant due to small sample sizes.
Of the property types in Hackney, detached house prices have risen the most between the years ending 2011 and 2021, and semi-detached house prices have grown the least.
Detached house prices have risen 140.5% from £622,047 to £1,495,833, semi-detached house prices have risen 98.9% from £678,989 to £1,350,717, terraced house prices have risen 110.9% from £525,269 to £1,107,738, and flat prices have risen 105.1% from £278,644 to £571,432.
The most common type of property sold in Hackney during the year ending June 2021 was flats, which accounted for 78.3% of properties.
The least commonly available type of property sold in Hackney were detached houses, which account for 0.3% of properties sold.
Of the properties sold in Hackney during 2021, 7.4% were new build properties.
The average price paid for a new build property in Hackney was £47,538 higher than the average price paid for an existing property.
Of the new build properties sold, the most common type was flats (100% of new build properties sold). For existing properties, the most common type is flats (76% of existing properties sold).
The most common price band for property sales in Hackney is £400k - £500k, which accounted for 15.6% of properties sold in 2021.
10.5% of properties in Hackney had a price over £1 million. For comparison, in England, 2.1% of property sales were priced at over £1 million.
The cheapest properties in Hackney were in the £50k - £100k price bracket, accounting for 0.1% of sales.
Average property price
YoY change in price
Average Property Price
YoY CHANGE in PRICE
Source: Office for National Statistics licensed under the Open Government Licence v.3.0. Contains OS data © Crown copyright and database right 2021. Data sources: ONS Local statistics