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Downham House Prices Downham House Prices

The average house price in Downham is £350,000 using HM Land Registry data.

The average property price increased by £98,740 (30.54%) over the last 5 years and increased by £19,739 (4.91%) over the last 12 months.

Over the last year, there were 106 residential property sales – a decrease of 56 transactions (-52.83%) relative to the previous year. The majority of house sales (36) were in the £376,000 - £424,000 range. Then came properties in the £328,000 - £376,000 range, where 24 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 82 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-17,201 (-2%).

In Oct 24, there were 19 new estate agency instructions, 19 agreed home sales and 10 property price reductions.

Neighbouring Areas: Bellingham, Catford, Lewisham, Beckenham, Eltham, Bromley

Postcodes Covered: BR1, SE6

5-Year Average Property Prices in Downham

30.54%

Property prices in Downham increased by 30.54% 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 Downham Over the Last Year

4.91%

Property prices in Downham increased by 4.91% 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.

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).

Property Market Heat Gauge for Downham - 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 Downham

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 Downham

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 Downham

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 Downham since 1995

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

Recent Property Sales in Downham

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
32 Ivorydown, Bromley, Greater London, BR1 5EH£400,000£380,000-£20,00004 Apr 202412 Aug 2024130 Days
11 The Green, Bromley, Greater London, BR1 5LS£400,000£392,500-£7,50007 Mar 202402 Aug 2024148 Days
12 Bankfoot Road, Bromley, Greater London, BR1 5PP£375,000£375,000£0028 Feb 202412 Jul 2024135 Days
56 Geraint Road, Bromley, Greater London, BR1 5DX£425,000£420,000-£5,00003 Jan 202407 Jun 2024156 Days
47 Goudhurst Road, Bromley, Greater London, BR1 4QG£375,000£375,000£0013 Dec 202320 May 2024159 Days
34 Churchdown, Bromley, Greater London, BR1 5PT£350,000£346,000-£4,00006 Oct 202326 Apr 2024203 Days
66 Brangbourne Road, Bromley, Greater London, BR1 4LH£550,000£550,000£0030 Oct 202304 Apr 2024157 Days
Flat 4, Legion House, Old Bromley Road, Bromley, Greater London, BR1 4LB£300,000£300,000£0011 Oct 202322 Mar 2024163 Days
3 Wittersham Road, Bromley, Greater London, BR1 4RH£400,000£370,000-£30,00013 Dec 202322 Mar 2024100 Days
36 Camlan Road, Bromley, Greater London, BR1 5LU£400,000£395,000-£5,00003 Nov 202322 Mar 2024140 Days
142 Capstone Road, Bromley, Greater London, BR1 5NG£340,000£340,000£0020 Oct 202320 Mar 2024152 Days
155 Shroffold Road, Bromley, Greater London, BR1 5NH£425,000£420,000-£5,00022 Jun 202308 Mar 2024260 Days
46 Ilfracombe Road, Bromley, Greater London, BR1 5HB£410,000£400,000-£10,00025 Jul 202323 Feb 2024213 Days
528 Downham Way, Bromley, Greater London, BR1 5HP£400,000£390,000-£10,00017 Oct 202319 Feb 2024125 Days
100 Ballamore Road, Bromley, Greater London, BR1 5LL£265,000£260,000-£5,00012 Jun 202309 Feb 2024242 Days
133 Moorside Road, Bromley, Greater London, BR1 5EP£415,000£405,000-£10,00030 Aug 202330 Jan 2024153 Days
121 Moorside Road, Bromley, Greater London, BR1 5EP£325,000£305,000-£20,00018 Oct 202319 Jan 202493 Days
65 Brangbourne Road, Bromley, Greater London, BR1 4LL£550,000£550,000£0007 Sep 202319 Jan 2024134 Days
27 Brangbourne Road, Bromley, Greater London, BR1 4LL£499,995£430,000-£69,99515 May 202308 Jan 2024238 Days
11 Bamford Road, Bromley, Greater London, BR1 5QP£510,000£505,000-£5,00023 Aug 202322 Dec 2023121 Days

Most Expensive Streets in Downham

PostcodeStreetAreaAverageNo. of Sales
BR1 4JQConiston RoadBromley£775,7905
BR1 4BYCalmont RoadBromley£658,3336
BR1 4JLHillbrow RoadBromley£654,0005
BR1 4JWAshgrove RoadBromley£652,5004
BR1 4LQBrangbourne RoadBromley£561,2504
BR1 5QTChelford RoadBromley£498,3336
BR1 5QUAnsford RoadBromley£488,3333
BR1 4LLBrangbourne RoadBromley£467,8928
BR1 5QPBamford RoadBromley£461,2506
BR1 4TBBelgravia GardensBromley£451,0003

Least Expensive Streets in Downham

PostcodeStreetAreaAverageNo. of Sales
BR1 5JNReigate RoadBromley£220,8333
BR1 4PABroadway HouseBromley Road£227,6663
SE6 3PNWaterer HouseBeckenham Hill Road£249,3333
BR1 4NFFarmfield RoadBromley£267,2374
BR1 4TLNesbit CourtMedhurst Drive£271,1669
BR1 5ENDownham WayBromley£283,0003
BR1 4TFWells CourtMedhurst Drive£293,5005
BR1 5ELDownham WayBromley£298,7504
BR1 4NHKendale RoadBromley£308,0005
BR1 4NDGlenbow RoadBromley£309,0003

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