Islington Inner London
Snapshot: n 416 units sold in 2012; up 68% from 2011 (247 units) n 18 of the 24 schemes in the construction pipeline saw units sold or allocated during 2012 n Average capital value was ranked seventh, and average £/sq ft was ranked sixth, among the Inner boroughs
Table 4: Islington 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** 24 1523 Headline n umbers for active units:
39% 64% 18% 61% 36%
*all units that were not sold **% of pipeline total
sold in 2012 416 sold prior 2012 172 un-sold 140
un-launched 409 allocated to rental, RSL, bulk investment purchase 241
Private schemes/phases active in pipeline schemes
18 units 1378 Key averages: latest capital value (1,2,3 beds)
Individual investors: acquired for investment
number of sales investor % taken from: 2.3% sq ft size -2.3%
60% 328
Pricing Initial average £/sq ft
1 beds 10.8% 2 beds
4.7% 3 beds -4.3%
Table 5: Islington 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)
Islington
Inner London Prime London All London
2012 762 838
1,696 628
Average price (£/sq ft) 2011 726 763
1,519 594
% change 4.9% 9.8%
11.6% 5.7%
2012 574 687
1,823 500
Average price (£'000) 2011 561 615
1,536 451
% change 2.3%
11.7% 18.6% 10.8%
Table 6: Islington 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
£142 £264 £282 £338 £254 £277 £429 £448 £464 £329 £482 £367 £382
1 bed (£/sq ft) Ave
£335 £423 £481 £503 £493 £484 £564 £647 £672 £570 £709 £679 £753
Max
£465 £773 £612 £612 £623 £638 £816
£1,110 £985 £929 £951
£1,036 £929
Min
£167 £236 £284 £304 £250 £329 £373 £301 £454 £292 £445 £343 £358
2 bed (£/sq ft) Ave
£327 £359 £444 £447 £479 £468 £505 £594 £626 £525 £673 £739 £774
Max
£497 £506 £797 £722 £711 £692 £657
£1,305 £921 £929 £901
£1,413 £1,110
Min
£158 £254 £313 £279 £354 £292 £361 £435 £443 £328 £525 £405 £424
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3 bed (£/sq ft) Ave
£249 £361 £404 £428 £457 £481 £495 £578 £628 £484 £643 £683 £653
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Max
£552 £498 £537 £753 £715 £771 £760
£1,000 £807 £764
£1,199 £1,243 £1,036
O 43
2012 754 820
1,075 796
Average size (sq ft) 2011 772 806
1,012 759
% change -2.3% 1.7% 6.2% 4.8%
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