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House Prices in SE16

The average house price in SE16 (London) is £448,636 using HM Land Registry data.

The average property price increased by £13,305 (-0.78%) over the last 5 years and increased by £2,666 (-0.14%) over the last 12 months.

Over the last year, there were 260 residential property sales – a decrease of 120 transactions (-46.15%) relative to the previous year. The majority of house sales (67) were in the £310,000 - £412,000 range. Then came properties in the £412,000 - £514,000 range, where 50 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 113 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-21,918 (-3%).

In Oct 24, there were new estate agency instructions, 67 agreed home sales and 67 property price reductions.

5-Year Average Property Prices in SE16 (London)

-0.78%

Property prices in London decreased by -0.78% in last 5 years.

The trend shows the general price tendency over the last 5 years, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Average Property Prices in SE16 (London) Over the Last Year

-0.14%

Property prices in London decreased by -0.14% in last 12 months.

The trend shows the general price tendency over the last 12 months, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

Property Market Heat Gauge for SE16 (London) - Oct 24

Our Property Market Heat Gauge looks at how long properties in your postcode district have been on the open market before being changed to sold 'Subject to Contract' ('STC') or 'Under Offer' on Rightmove (the UK's leading property portal).

At 81 to 100 days, the broad evidence suggests a very slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a notable market slowdown or a combination of both. In such scenarios, vendors may either choose to wait for the market to pick up (which may result in relisting the property at a later date). Those committed to selling will often need to drop the price to a level that will entice genuine homebuyer interest or approach a sell house fast or auction company like Property Solvers.

Please note that this is not an indicator of how quickly property sales are taking to complete (i.e. to go through the whole conveyancing process). This measurement also does not take into account the risk of home sales falling through.

No. of New Instructions Over the Last 12 Months in SE16 (London)

Using local estate agency reported data, this chart illustrates the number of properties that have come on to the market.

No. of Agreed Home Sales Over the Last 12 Months in SE16 (London)

Using local estate agency reported data, this chart illustrates the number of property sales agreed. Note that these figures are not fully reflective of properties completed (sold and registered as such at HM Land Registry).

No. of Properties with Price Reductions in SE16 (London)

Using local estate agency reported data, this chart illustrates the number of properties which have been seen their prices dropped (typically due to a lack of buyer interest).

Average Annual House Prices in the SE16 (London) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the SE16 postcode area since 1995.

Recent Sales in SE16 (London)

Address	Initial Price	Sold Price	Price Change	First Listed Date	Sold Date	Days to Sell
60 Plover Way, London, Greater London, SE16 7TT	£635,000	£620,000	-£15,000	16 Sep 2023	26 Apr 2024	223 Days
58 Southwark Park Road, London, Greater London, SE16 3RS	£900,000	£875,000	-£25,000	31 Jan 2024	22 Apr 2024	82 Days
Flat 12, Robert Jones House, Eveline Lowe Estate, London, Greater London, SE16 3SR	£350,000	£345,000	-£5,000	29 Nov 2022	16 Apr 2024	504 Days
Flat 32, Pope House, Manor Estate, London, Greater London, SE16 3NU	£295,000	£260,000	-£35,000	03 Mar 2023	11 Apr 2024	405 Days
61 Shipwright Road, London, Greater London, SE16 6QA	£715,000	£700,000	-£15,000	23 Dec 2023	09 Apr 2024	108 Days
7 Surrey Water Road, London, Greater London, SE16 5BW	£865,000	£865,000	£00	22 Aug 2023	27 Mar 2024	218 Days
219 Rotherhithe Street, London, Greater London, SE16 5XW	£740,000	£720,000	-£20,000	12 Jun 2023	15 Mar 2024	277 Days
5 Reveley Square, London, Greater London, SE16 6HS	£395,000	£380,000	-£15,000	03 Aug 2023	08 Mar 2024	218 Days
320 Rope Street, London, Greater London, SE16 7TY	£899,950	£835,000	-£64,950	11 Sep 2023	08 Mar 2024	179 Days
18 Helena Square, London, Greater London, SE16 5XP	£325,000	£325,000	£00	18 Aug 2023	29 Feb 2024	195 Days
5 Lovell Place, London, Greater London, SE16 6QQ	£749,000	£735,000	-£14,000	09 May 2023	26 Feb 2024	293 Days
2 Painters Mews, London, Greater London, SE16 3XT	£650,000	£627,500	-£22,500	27 Feb 2023	01 Feb 2024	339 Days
15 Clements Road, London, Greater London, SE16 4DW	£750,000	£741,000	-£9,000	23 Oct 2023	29 Jan 2024	98 Days
271 Neckinger Estate, London, Greater London, SE16 3QB	£400,000	£400,000	£00	06 Sep 2023	26 Jan 2024	142 Days
132 Brunswick Quay, London, Greater London, SE16 7PZ	£835,000	£825,000	-£10,000	07 Sep 2023	26 Jan 2024	141 Days
Flat 4, Cabot Court, Worgan Street, London, Greater London, SE16 7WE	£459,950	£459,950	£00	21 Jul 2023	15 Jan 2024	178 Days
63 Ann Moss Way, London, Greater London, SE16 2TJ	£775,000	£767,000	-£8,000	23 Jun 2023	20 Dec 2023	180 Days
10 Timbrell Place, London, Greater London, SE16 5HU	£525,000	£520,000	-£5,000	08 Mar 2022	18 Dec 2023	650 Days
14 Cranswick Road, London, Greater London, SE16 3BH	£595,000	£595,000	£00	01 Sep 2023	15 Dec 2023	105 Days
9 Millender Walk, London, Greater London, SE16 2BL	£400,000	£380,000	-£20,000	19 Feb 2023	08 Dec 2023	292 Days

Most Expensive Streets in SE16 (London)

Postcode	Street	Area	Average	No. of Sales
SE16 4US	Providence Tower, Bermondsey Wall West	London	£1,658,333	3
SE16 4TT	Bermondsey Wall East	London	£1,196,250	4
SE16 5XH	Sovereign Crescent	London	£1,005,000	3
SE16 7TS	Plover Way	London	£976,000	5
SE16 6PA	Eleanor Close	London	£974,333	3
SE16 4PA	West Lane	London	£959,432	5
SE16 4JD	Elephant Lane	London	£906,562	8
SE16 7RW	Greenland Quay	London	£875,000	4
SE16 6AL	Hurley Crescent	London	£864,400	5
SE16 6SF	Wolfe Crescent	London	£860,000	4

Least Expensive Streets in SE16 (London)

Postcode	Street	Area	Average	No. of Sales
SE16 3ED	Stubbs Drive	London	£252,000	5
SE16 3PH	Barry House, Rennie Estate	London	£258,666	3
SE16 7PL	Russell Place	London	£271,000	3
SE16 3XA	Cadbury Way	London	£279,500	8
SE16 3XB	Cadbury Way	London	£282,333	3
SE16 3EB	Stubbs Drive	London	£285,333	3
SE16 3EA	Rossetti Road	London	£291,666	3
SE16 6QH	Victory Way	London	£295,125	4
SE16 3DQ	Warlingham House, Varcoe Road	London	£302,600	5
SE16 3EE	Stubbs Drive	London	£306,250	4