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House Prices in SE16

The average house price in SE16 (London) is £523,315 using HM Land Registry data.

The average property price increased by £3,388 (-0.78%) over the last 5 years and increased by £679 (-0.14%) over the last 12 months.

Over the last year, there were 291 residential property sales – a decrease of 67 transactions (-23.02%) relative to the previous year. The majority of house sales (74) were in the £310,000 - £412,000 range. Then came properties in the £412,000 - £514,000 range, where 63 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 237 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-17,413 (-3%).

In February 2025, there were 123 new estate agency instructions, 58 agreed home sales and 74 property price reductions.

5-Year Average Property Prices in SE16 (London)

-0.78%

Property prices in SE16 (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 SE16 (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) - February 2025

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
12 Keel Close, London, Greater London, SE16 6BX	£728,000	£708,000	-£20,000	17 Jun 2024	24 Jan 2025	221 Days
17 Russell Place, London, Greater London, SE16 7PL	£340,000	£325,000	-£15,000	04 Aug 2023	08 Jan 2025	523 Days
Flat 71, Tudor Court, Princes Riverside Road, London, Greater London, SE16 5RH	£1,100,000	£1,050,000	-£50,000	27 Jun 2024	06 Jan 2025	193 Days
14 Gomm Road, London, Greater London, SE16 2TX	£735,000	£735,000	£0	06 Sep 2024	20 Dec 2024	105 Days
7 Somerford Way, London, Greater London, SE16 6QN	£850,000	£825,000	-£25,000	23 Aug 2024	20 Dec 2024	119 Days
109 Redriff Road, London, Greater London, SE16 7PS	£795,000	£775,000	-£20,000	09 Oct 2024	20 Dec 2024	72 Days
36 Stave Yard Road, London, Greater London, SE16 6NU	£575,000	£555,000	-£20,000	03 Jul 2024	17 Dec 2024	167 Days
192 Rotherhithe Street, London, Greater London, SE16 7RB	£1,000,000	£961,000	-£39,000	20 Aug 2024	16 Dec 2024	118 Days
14 Princes Riverside Road, London, Greater London, SE16 5RD	£995,000	£975,000	-£20,000	04 Sep 2024	05 Dec 2024	92 Days
18 Reveley Square, London, Greater London, SE16 6HS	£525,000	£517,000	-£8,000	19 Feb 2024	03 Dec 2024	288 Days
25 Isambard Place, London, Greater London, SE16 7DA	£675,000	£600,000	-£75,000	01 Aug 2024	29 Nov 2024	120 Days
31 Lucey Way, London, Greater London, SE16 3UD	£290,000	£265,000	-£25,000	09 Apr 2024	14 Nov 2024	219 Days
16 Admiral Place, London, Greater London, SE16 5NY	£950,000	£938,190	-£11,810	17 Jul 2024	30 Oct 2024	105 Days
8 Fisher Close, London, Greater London, SE16 5AE	£745,000	£660,000	-£85,000	17 Apr 2018	15 Aug 2024	2312 Days
24 Elizabeth Square, London, Greater London, SE16 5XN	£525,000	£500,000	-£25,000	21 Dec 2023	14 Aug 2024	237 Days
9 Sophia Square, London, Greater London, SE16 5XL	£465,000	£465,000	£0	23 Feb 2024	05 Aug 2024	164 Days
Flat 8, Prince Of Orange Court, Orange Place, London, Greater London, SE16 2UH	£400,000	£395,000	-£5,000	15 Aug 2023	31 Jul 2024	351 Days
11 Credon Road, London, Greater London, SE16 3AA	£600,000	£580,000	-£20,000	22 Sep 2023	22 Jul 2024	304 Days
2 Waterside Close, London, Greater London, SE16 4QG	£550,000	£510,000	-£40,000	20 Feb 2024	19 Jul 2024	150 Days
2 Dilston Grove, London, Greater London, SE16 2DD	£630,000	£620,000	-£10,000	05 Feb 2024	19 Jul 2024	165 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 4TZ	National Terrace	London	£1,478,333	3
SE16 4TT	Bermondsey Wall East	London	£1,196,250	4
SE16 6AW	Cookham Crescent	London	£1,079,000	3
SE16 7TS	Plover Way	London	£1,000,000	4
SE16 6PA	Eleanor Close	London	£974,333	3
SE16 4PA	West Lane	London	£959,432	5
SE16 4JD	Elephant Lane	London	£957,500	7
SE16 4QD	Paradise Street	London	£935,000	3
SE16 6SF	Wolfe Crescent	London	£900,000	5

Least Expensive Streets in SE16 (London)

Postcode	Street	Area	Average	No. of Sales
SE16 2EZ	Damory House, Abbeyfield Estate	London	£242,000	3
SE16 3PH	Barry House, Rennie Estate	London	£258,666	3
SE16 3ED	Stubbs Drive	London	£271,000	5
SE16 3ET	Weald Close	London	£271,833	3
SE16 3XA	Cadbury Way	London	£279,857	7
SE16 3XB	Cadbury Way	London	£282,333	3
SE16 5HG	Capstan Way	London	£288,333	3
SE16 3EL	Sheppard Drive	London	£291,933	3
SE16 3EQ	Stubbs Drive	London	£293,277	9
SE16 3EA	Rossetti Road	London	£305,500	4