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Falconwood & Welling House Prices

The average house price in Falconwood & Welling is £439,545 using HM Land Registry data.

The average property price increased by £92,238 (24.27%) over the last 5 years and increased by £18,439 (4.06%) over the last 12 months.

Over the last year, there were 148 residential property sales – a decrease of 33 transactions (-22.30%) relative to the previous year. The majority of house sales (40) were in the £412,000 - £468,000 range. Then came properties in the £356,000 - £412,000 range, where 35 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 116 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-13,094 (-2%).

In Oct 24, there were 29 new estate agency instructions, 35 agreed home sales and 19 property price reductions.

5-Year Average Property Prices in Falconwood & Welling

24.27%

Property prices in Falconwood & Welling increased by 24.27% 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 Falconwood & Welling Over the Last Year

4.06%

Property prices in Falconwood & Welling increased by 4.06% 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 Falconwood & Welling - 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 Falconwood & Welling

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 Falconwood & Welling

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 Falconwood & Welling

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 Falconwood & Welling since 1995

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

Recent Property Sales in Falconwood & Welling

Address	Initial Price	Sold Price	Price Change	First Listed Date	Sold Date	Days to Sell
27 Bradenham Avenue, Welling, Greater London, DA16 2JQ	£390,000	£390,000	£00	07 May 2024	20 Aug 2024	105 Days
11 St Michaels Road, Welling, Greater London, DA16 2AH	£525,000	£505,000	-£20,000	26 Mar 2024	12 Aug 2024	139 Days
6 Dorset Avenue, Welling, Greater London, DA16 2PX	£425,000	£405,000	-£20,000	14 Feb 2024	06 Aug 2024	174 Days
54 Westwood Lane, Welling, Greater London, DA16 2HQ	£585,000	£570,000	-£15,000	29 Sep 2023	19 Jul 2024	294 Days
2 Woodville Grove, Welling, Greater London, DA16 3QA	£130,000	£130,000	£00	21 Sep 2023	19 Jul 2024	302 Days
68 Westwood Lane, Welling, Greater London, DA16 2HH	£620,000	£617,500	-£2,500	11 Mar 2024	09 Jul 2024	120 Days
11 Faraday Road, Welling, Greater London, DA16 2ET	£500,000	£500,000	£00	14 Dec 2023	28 Jun 2024	197 Days
35 Cambridge Avenue, Welling, Greater London, DA16 2PH	£725,000	£712,000	-£13,000	05 Feb 2024	20 Jun 2024	136 Days
128 Radnor Avenue, Welling, Greater London, DA16 2BY	£450,000	£400,000	-£50,000	26 Dec 2023	31 May 2024	157 Days
121 Radnor Avenue, Welling, Greater London, DA16 2DA	£380,000	£377,500	-£2,500	26 Sep 2023	07 May 2024	224 Days
91 Buckingham Avenue, Welling, Greater London, DA16 2NB	£390,000	£370,000	-£20,000	22 Dec 2023	29 Apr 2024	129 Days
46 Marne Avenue, Welling, Greater London, DA16 2EY	£515,000	£515,000	£00	02 Aug 2023	26 Apr 2024	268 Days
216 Sutherland Avenue, Welling, Greater London, DA16 2NH	£650,000	£650,000	£00	30 Oct 2023	25 Apr 2024	178 Days
22 Fairwater Avenue, Welling, Greater London, DA16 2HY	£515,000	£503,000	-£12,000	11 Oct 2023	19 Apr 2024	191 Days
49 Wellan Close, Sidcup, Greater London, DA15 9PN	£360,000	£360,000	£00	10 Jan 2024	18 Apr 2024	99 Days
16 Westmoreland Avenue, Welling, Greater London, DA16 2QD	£425,000	£425,000	£00	15 Jan 2024	12 Apr 2024	88 Days
263 Yorkland Avenue, Welling, Greater London, DA16 2LH	£450,000	£445,000	-£5,000	12 Oct 2023	09 Apr 2024	180 Days
181 Northumberland Avenue, Welling, Greater London, DA16 2QE	£500,000	£498,000	-£2,000	24 Oct 2023	28 Mar 2024	156 Days
41 Woodville Grove, Welling, Greater London, DA16 3QA	£192,500	£187,500	-£5,000	28 Apr 2023	26 Mar 2024	333 Days
1 Midwinter Close, Welling, Greater London, DA16 2LB	£440,000	£423,000	-£17,000	18 Sep 2023	06 Mar 2024	170 Days

Most Expensive Streets in Falconwood & Welling

Postcode	Street	Area	Average	No. of Sales
DA16 1RU	Danson Mead	Welling	£836,400	5
DA16 2HQ	Westwood Lane	Welling	£658,750	4
DA16 2AP	Selwyn Crescent	Welling	£623,750	4
DA16 2AN	Selwyn Crescent	Welling	£621,666	3
DA16 2AR	Danson Crescent	Welling	£608,333	3
DA16 2ES	Maxwell Road	Welling	£594,300	5
DA16 2EG	Darwin Road	Welling	£590,000	3
DA16 2EN	Huxley Road	Welling	£580,791	6
DA16 2LX	Buckingham Avenue	Welling	£578,750	4
DA16 2HX	Lancelot Road	Welling	£571,111	9

Least Expensive Streets in Falconwood & Welling

Postcode	Street	Area	Average	No. of Sales
DA16 3QA	Woodville Grove	Welling	£158,360	25
DA16 1AB	Embassy Court	Welling High Street, Welling	£164,590	5
DA16 1TA	Mckinlay Court	Park View Road	£186,250	7
DA16 2AE	Penpool Lane	Welling	£193,750	4
DA16 1SL	Sharnbrooke Close	Welling	£232,214	7
DA16 1SJ	Park View Road	Welling	£258,333	3
DA16 3PG	Bellegrove Road	Welling	£290,333	3
DA16 3DN	Station Approach South	Welling	£306,666	3
DA16 2QQ	Millbrook Avenue	Welling	£308,000	4
DA16 2AX	Danson Crescent	Welling	£312,600	5