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New Cross House Prices

The average house price in New Cross is £311,375 using HM Land Registry data.

The average property price decreased by £5,165 (--1.12%) over the last 5 years and decreased by £1,033 (--0.23%) over the last 12 months.

Over the last year, there were 34 residential property sales – a decrease of 48 transactions (-141.18%) relative to the previous year. The majority of house sales (13) were in the £160,000 - £278,000 range. Then came properties in the £278,000 - £396,000 range, where 6 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 121 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-22,124 (-3%).

In Oct 24, there were 17 new estate agency instructions, 6 agreed home sales and 9 property price reductions.

5-Year Average Property Prices in New Cross

-1.12%

Property prices in New Cross decreased by -1.12% 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 New Cross Over the Last Year

-0.23%

Property prices in New Cross decreased by -0.23% 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 New Cross - 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 New Cross

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 New Cross

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 New Cross

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 New Cross since 1995

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

Recent Property Sales in New Cross

Address	Initial Price	Sold Price	Price Change	First Listed Date	Sold Date	Days to Sell
Flat 21, Dalton House, John Williams Close, London, Greater London, SE14 5XF	£245,000	£240,000	-£5,000	23 Nov 2023	26 Mar 2024	124 Days
18 Farrow Lane, London, Greater London, SE14 5DB	£235,000	£227,500	-£7,500	21 Aug 2023	29 Feb 2024	192 Days
61 Hatcham Park Road, London, Greater London, SE14 5QE	£675,000	£640,000	-£35,000	24 Nov 2023	29 Feb 2024	97 Days
Flat 8, Barnes House, John Williams Close, London, Greater London, SE14 5XH	£230,000	£210,000	-£20,000	15 Jun 2023	23 Feb 2024	253 Days
Flat 20, Bryce House, John Williams Close, London, Greater London, SE14 5XG	£175,000	£160,000	-£15,000	23 Sep 2023	15 Dec 2023	83 Days
Flat 5, Redrup House, John Williams Close, London, Greater London, SE14 5XE	£215,000	£215,000	£00	01 Mar 2023	01 Dec 2023	275 Days
30 Farrow Lane, London, Greater London, SE14 5DB	£325,000	£325,000	£00	27 Mar 2023	06 Oct 2023	193 Days
8a, Hunsdon Road, London, Greater London, SE14 5RE	£400,000	£390,000	-£10,000	15 May 2023	06 Oct 2023	144 Days
6 Robert Lowe Close, London, Greater London, SE14 5QB	£584,950	£550,000	-£34,950	16 May 2023	08 Sep 2023	115 Days
29 Hunsdon Road, London, Greater London, SE14 5RD	£774,950	£745,000	-£29,950	10 May 2023	16 Aug 2023	98 Days
Flat 10, Mendip Court, Avonley Road, London, Greater London, SE14 5EU	£325,000	£312,500	-£12,500	17 Apr 2023	28 Jul 2023	102 Days
40 Farrow Lane, London, Greater London, SE14 5DB	£535,000	£520,000	-£15,000	02 Sep 2022	18 May 2023	258 Days
18a, Billington Road, London, Greater London, SE14 5QQ	£500,000	£480,000	-£20,000	16 Nov 2022	27 Apr 2023	162 Days
43 Hatcham Park Road, London, Greater London, SE14 5QE	£750,000	£722,130	-£27,870	09 Nov 2022	23 Mar 2023	134 Days
5 Joseph Hardcastle Close, London, Greater London, SE14 5RN	£700,000	£675,000	-£25,000	02 Nov 2022	27 Feb 2023	117 Days
46b, Billington Road, London, Greater London, SE14 5QQ	£385,000	£377,000	-£8,000	28 Jun 2022	23 Feb 2023	240 Days
Flat 25, Tarplett House, John Williams Close, London, Greater London, SE14 5XD	£275,000	£270,000	-£5,000	12 Jul 2022	20 Jan 2023	192 Days
71 Monson Road, London, Greater London, SE14 5EQ	£750,000	£750,000	£00	21 Apr 2022	04 Jan 2023	258 Days
61 Edric Road, London, Greater London, SE14 5EN	£875,000	£875,000	£00	06 Jun 2022	02 Dec 2022	179 Days
76 Brocklehurst Street, London, Greater London, SE14 5QS	£700,000	£670,000	-£30,000	29 Jun 2022	21 Nov 2022	145 Days

Most Expensive Streets in New Cross

Postcode	Street	Area	Average	No. of Sales
SE14 5RA	Brocklehurst Street	London	£790,250	4
SE14 5QU	Ventnor Road	London	£774,000	5
SE14 5QR	Brocklehurst Street	London	£759,000	3
SE14 5QE	Hatcham Park Road	London	£731,926	5
SE14 5QH	Billington Road	London	£690,625	8
SE14 5EW	Avonley Road	London	£674,940	11
SE14 5RE	Hunsdon Road	London	£670,200	5
SE14 5RD	Hunsdon Road	London	£668,000	5
SE14 5QZ	Leylang Road	London	£655,000	3
SE14 5EL	Edric Road	London	£648,800	5

Least Expensive Streets in New Cross

Postcode	Street	Area	Average	No. of Sales
SE14 5FW	Reaston Street	London	£195,333	3
SE14 5FD	Avonley Road	London	£195,800	5
SE14 5RZ	Myers Lane	London	£209,300	5
SE14 5RP	Samuel Close	London	£213,075	10
SE14 5XH	Barnes House	John Williams Close	£214,000	4
SE14 5XE	Redrup House	John Williams Close	£218,750	4
SE14 5XG	Bryce House	John Williams Close	£230,833	6
SE14 5FT	Reaston Street	London	£232,250	4
SE14 5RU	Myers Lane	London	£239,000	3
SE14 5RX	Myers Lane	London	£240,000	5