Hackney Inner London
Snapshot: n 566 units sold in 2012; up 78% from 2011 (318 units) n 18 of the 36 schemes in the construction pipeline saw units sold or allocated during 2012 n Average capital value was the lowest among the Inner boroughs, as was the average £/sq ft
Table 4: Hackney sales & pricing headline figures 2012 Developments of 10 units or more
Sales rates Construction pipeline total
schemes units
Percentage of pipeline: sold
- completion
- under construction un-sold*
un-launched** 36 1898 Headline numbers for active units:
40% 58% 20% 60% 51%
*all units that were not sold **% of pipeline total
sold in 2012 566 sold prior 2012 192 un-sold
91 allocated to rental, RSL, bulk investment purchase
un-launched 126 80
Private schemes/phases active in pipeline schemes
18 units 1055 Key averages:
latest capital value (1,2,3 beds) 10.1% sq ft size
0.4%
Individual investors: acquired for investment
number of sales investor % taken from:
27% 614
Pricing Initial average £/sq ft
1 beds 2 beds 3 beds
7.6% 6.0% 8.4%
Table 5: Hackney key averages 2011-2012 Developments of 10 units or more – calculations based on sample units with both latest price and size only (1, 2 & 3 beds combined)
Hackney
Inner London Prime London All London
2012 552 838
1,696 628
Average price (£/sq ft) 2011 503 763
1,519 594
% change 9.7% 9.8%
11.6% 5.7%
2012 400 687
1,823 500
Average price (£'000) 2011 363 615
1,536 451
% change 10.1% 11.7% 18.6% 10.8%
Table 6: Hackney initial pricing 2000-2012 (£ per sq ft) Developments of 10 units or more – calculations based on sample units with both initial price and size only
Date 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
Min
£161 £161 £218 £293 £246 £273 £347 £367 £336 £307 £310 £421 £421
1 bed (£/sq ft) Ave
£238 £278 £358 £391 £385 £430 £486 £545 £469 £474 £552 £549 £591
Max
£379 £600 £493 £519 £595 £558 £674 £833 £687 £664 £816 £700 £783
Min
£139 £135 £176 £245 £280 £292 £321 £318 £316 £318 £328 £321 £443
2 bed (£/sq ft) Ave
£220 £228 £321 £359 £368 £399 £439 £507 £469 £470 £457 £527 £559
Max
£400 £400 £494 £497 £514 £604 £697 £820 £822 £808 £937 £704 £937
Min
£199 £150 £189 £169 £283 £310 £288 £296 £321 £263 £287 £264 £364
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3 bed (£/sq ft) Ave
£222 £217 £236 £283 £344 £372 £388 £541 £481 £432 £415 £483 £524
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Max
£240 £331 £391 £377 £652 £482 £534 £939 £939 £542 £674 £679
£1,202 O 34
2012 725 820
1,075 796
Average size (sq ft) 2011 722 806
1,012 759
% change 0.4% 1.7% 6.2% 4.8%
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