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Penge House Prices

The average house price in Penge is £443,730 using HM Land Registry data.

The average property price decreased by £48,244 (--8.84%) over the last 5 years and decreased by £9,645 (--1.9%) over the last 12 months.

Over the last year, there were 172 residential property sales – a decrease of 79 transactions (-45.93%) relative to the previous year. The majority of house sales (45) were in the £370,000 - £490,000 range. Then came properties in the £250,000 - £370,000 range, where 36 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 100 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-23,422 (-2%).

In Oct 24, there were 3 new estate agency instructions, 30 agreed home sales and 24 property price reductions.

5-Year Average Property Prices in Penge

-8.84%

Property prices in Penge decreased by -8.84% 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 Penge Over the Last Year

-1.9%

Property prices in Penge decreased by -1.9% 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 Penge - 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 Penge

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 Penge

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 Penge

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 Penge since 1995

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

Recent Property Sales in Penge

Address	Initial Price	Sold Price	Price Change	First Listed Date	Sold Date	Days to Sell
59 Wiverton Road, London, Greater London, SE26 5JB	£850,000	£830,000	-£20,000	21 Jun 2024	01 Aug 2024	41 Days
Flat 14, Fountain Court, Lawrie Park Road, London, Greater London, SE26 6EE	£475,000	£455,000	-£20,000	07 Mar 2024	19 Jul 2024	134 Days
28 Avenue Road, London, Greater London, SE20 7RY	£550,000	£542,500	-£7,500	12 May 2023	05 Jul 2024	420 Days
64 Byne Road, London, Greater London, SE26 5JD	£1,100,000	£1,060,000	-£40,000	20 Feb 2024	14 Jun 2024	115 Days
50 Wiverton Road, London, Greater London, SE26 5HY	£895,000	£860,000	-£35,000	12 Oct 2023	11 Jun 2024	243 Days
21 Princes Road, London, Greater London, SE20 7JN	£575,000	£575,000	£00	13 Nov 2023	03 Jun 2024	203 Days
87 Venner Road, London, Greater London, SE26 5HU	£925,000	£910,000	-£15,000	16 Feb 2024	29 May 2024	103 Days
17 Kings Hall Road, Beckenham, Greater London, BR3 1LT	£1,150,000	£1,126,000	-£24,000	27 Jan 2024	17 May 2024	111 Days
31 Croydon Road, London, Greater London, SE20 7TJ	£775,000	£730,000	-£45,000	01 Feb 2024	07 May 2024	96 Days
11 Kingsdale Road, London, Greater London, SE20 7PR	£625,000	£618,000	-£7,000	17 Oct 2023	07 May 2024	203 Days
62 Edward Road, London, Greater London, SE20 7JR	£575,000	£575,000	£00	07 Dec 2023	12 Apr 2024	127 Days
93b, Newlands Park, Sydenham, London, Greater London, SE26 5PW	£400,000	£380,000	-£20,000	21 Nov 2023	12 Apr 2024	143 Days
29 Kent House Lane, Beckenham, Greater London, BR3 1LE	£565,000	£556,000	-£9,000	04 Nov 2023	11 Apr 2024	159 Days
15 Kings Hall Road, Beckenham, Greater London, BR3 1LT	£800,000	£767,000	-£33,000	10 Nov 2023	02 Apr 2024	144 Days
Flat 16, Rutland House, Hawthorn Grove, London, Greater London, SE20 8LJ	£375,000	£360,000	-£15,000	27 Oct 2023	28 Mar 2024	153 Days
27 Stodart Road, London, Greater London, SE20 8ET	£850,000	£850,000	£00	17 Oct 2023	27 Mar 2024	162 Days
12 Sheldon Close, London, Greater London, SE20 8LU	£415,000	£415,000	£00	12 Nov 2023	27 Mar 2024	136 Days
Flat 2, Fountain Court, Lawrie Park Road, London, Greater London, SE26 6EE	£430,000	£420,000	-£10,000	11 Sep 2023	25 Mar 2024	196 Days
197 Kent House Road, Beckenham, Greater London, BR3 1JZ	£900,000	£865,000	-£35,000	22 Feb 2024	22 Mar 2024	29 Days
142 Kent House Road, Beckenham, Greater London, BR3 1JY	£895,000	£870,000	-£25,000	15 Nov 2023	19 Mar 2024	125 Days

Most Expensive Streets in Penge

Postcode	Street	Area	Average	No. of Sales
SE26 6AT	Davenant Place	London	£1,281,333	9
SE26 5DT	Cator Road	London	£1,233,000	5
BR3 1JQ	Kent House Road	Beckenham	£1,155,000	5
BR3 1LT	Kings Hall Road	Beckenham	£1,101,333	6
BR3 1LL	Kings Hall Road	Beckenham	£1,072,000	6
BR3 1LR	Kings Hall Road	Beckenham	£1,046,666	3
SE26 6HH	Lawrie Park Crescent	London	£1,043,642	7
BR3 1LS	Kings Hall Road	Beckenham	£988,333	3
SE26 6AU	Hevingham View	London	£955,000	3
BR3 1QR	Lennard Road	Beckenham	£905,000	3

Least Expensive Streets in Penge

Postcode	Street	Area	Average	No. of Sales
SE20 7HU	Parish Lane	London	£124,687	4
SE20 7AB	Croydon Road	London	£210,500	5
SE20 7RZ	Deverill Court	Avenue Road	£231,553	4
SE20 7SS	Benwick Court	Croydon Road	£232,562	8
SE20 7SA	Deverill Court	Avenue Road	£241,250	8
SE20 7AG	Croydon Road	London	£249,333	3
SE20 7RX	Avenue Court	Avenue Road	£254,208	6
SE20 8HZ	Carole House	Maple Road	£255,666	3
SE20 7EA	Queen Adelaide Court	Queen Adelaide Road	£257,000	3
SE20 7HJ	High Street	London	£260,000	7