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Southwark House Prices

The average house price in Southwark is £717,038 using HM Land Registry data.

The average property price decreased by £1,140,486 (--74.1%) over the last 5 years and decreased by £227,996 (--36.39%) over the last 12 months.

Over the last year, there were 144 residential property sales – a decrease of 48 transactions (-33.33%) relative to the previous year. The majority of house sales (45) were in the £350,000 - £540,000 range. Then came properties in the £540,000 - £730,000 range, where 25 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 69 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-31,998 (-3%).

In Oct 24, there were new estate agency instructions, 25 agreed home sales and 76 property price reductions.

5-Year Average Property Prices in Southwark

-74.1%

Property prices in Southwark decreased by -74.1% 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 Southwark Over the Last Year

-36.39%

Property prices in Southwark decreased by -36.39% 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 Southwark - 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 61 to 80 days, the broad evidence suggests a slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a market slowdown or a combination of both. In such scenarios, some vendors may either choose to wait for the market to pick up (which may result in some relisting the property at a later date). Others simply reduce the price to a level that will entice more buyer 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 Southwark

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 Southwark

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 Southwark

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 Southwark since 1995

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

Recent Property Sales in Southwark

Address	Initial Price	Sold Price	Price Change	First Listed Date	Sold Date	Days to Sell
Flat 9, Rennie House, Bath Terrace, London, Greater London, SE1 6PN	£425,000	£400,000	-£25,000	26 Feb 2024	15 Aug 2024	171 Days
14 Brockham Street, London, Greater London, SE1 4HX	£2,500,000	£2,486,000	-£14,000	28 Mar 2024	18 Jul 2024	112 Days
39 Collinson Walk, London, Greater London, SE1 1PU	£375,000	£337,500	-£37,500	15 Nov 2023	07 Jun 2024	205 Days
Flat 139, Rowland Hill House, Nelson Square, London, Greater London, SE1 0LU	£495,000	£495,000	£00	12 Sep 2023	26 Feb 2024	167 Days
44 Rothsay Street, London, Greater London, SE1 4UE	£775,000	£750,000	-£25,000	07 Jul 2023	19 Feb 2024	227 Days
Flat 101, Ratcliffe Court, Great Dover Street, London, Greater London, SE1 4LD	£1,000,000	£1,000,000	£00	29 Nov 2022	05 Jan 2024	402 Days
Flat 41, Peveril House, Rephidim Street, London, Greater London, SE1 4TD	£280,000	£265,000	-£15,000	11 Apr 2023	13 Dec 2023	246 Days
Flat 13, Trinity House, Bath Terrace, London, Greater London, SE1 6PX	£300,000	£285,000	-£15,000	07 Dec 2022	17 Nov 2023	345 Days
17 Isaac Way, London, Greater London, SE1 1EE	£625,000	£600,000	-£25,000	18 May 2023	14 Nov 2023	180 Days
Flat 26, Devonshire House, Bath Terrace, London, Greater London, SE1 6PT	£400,000	£400,000	£00	29 Jun 2023	27 Oct 2023	120 Days
4 Isaac Way, London, Greater London, SE1 1EE	£625,000	£617,000	-£8,000	24 Apr 2023	24 Oct 2023	183 Days
Flat 40, Stephenson House, Bath Terrace, London, Greater London, SE1 6PR	£375,000	£361,000	-£14,000	19 Jun 2023	17 Oct 2023	120 Days
Flat 42, Nashe House, Burbage Close, London, Greater London, SE1 4ET	£380,000	£375,000	-£5,000	28 Apr 2023	16 Oct 2023	171 Days
Flat 7, Tabard House, Manciple Street, London, Greater London, SE1 4DL	£425,000	£407,000	-£18,000	11 Apr 2023	13 Oct 2023	185 Days
Flat 5, Eynsford House, Crosby Row, London, Greater London, SE1 3YB	£350,000	£350,000	£00	24 Jul 2023	06 Oct 2023	74 Days
Flat 57, Balin House, Long Lane, London, Greater London, SE1 1YH	£499,995	£475,000	-£24,995	14 Mar 2023	27 Sep 2023	197 Days
29 Potier Street, London, Greater London, SE1 4UX	£585,000	£570,000	-£15,000	23 Feb 2023	21 Aug 2023	179 Days
4 Bath Terrace, London, Greater London, SE1 6QE	£470,000	£430,000	-£40,000	29 Nov 2022	08 Aug 2023	252 Days
46 Rothsay Street, London, Greater London, SE1 4UE	£730,000	£710,000	-£20,000	14 Oct 2022	15 Jul 2023	274 Days
Flat 10, Eastwell House, Weston Street, London, Greater London, SE1 4DH	£460,000	£447,500	-£12,500	07 Feb 2023	05 Jul 2023	148 Days

Most Expensive Streets in Southwark

Postcode	Street	Area	Average	No. of Sales
SE1 9GQ	Blackfriars Road	London	£4,923,961	13
SE1 9DS	New Globe Walk	London	£2,907,777	9
SE1 9RB	Upper Ground	London	£2,024,285	7
SE1 1AN	Hilary Mews	London	£1,661,250	4
SE1 9NX	Holland Street	London	£1,599,166	6
SE1 4QG	Wilds Rents	London	£1,568,250	4
SE1 9GZ	Hopton Street	London	£1,420,000	3
SE1 9JF	Holland Street	London	£1,385,500	10
SE1 9FU	Holland Street	London	£1,356,500	5
SE1 9DW	Victor Wharf	Clink Street, London	£1,348,333	3

Least Expensive Streets in Southwark

Postcode	Street	Area	Average	No. of Sales
SE1 6DQ	Newington Causeway	London	£233,666	3
SE1 6NY	Telford House	Tiverton Street, London	£288,300	5
SE1 6QG	Binnie House	Bath Terrace	£323,250	3
SE1 6QW	Longridge House	Falmouth Road	£327,500	3
SE1 4QW	Meakin Estate	London	£347,833	3
SE1 0QB	Helen Gladstone House	Nelson Square	£350,750	4
SE1 6PT	Devonshire House	Bath Terrace	£359,214	7
SE1 4LS	Otford House	Staple Street, London	£360,000	4
SE1 6PX	Trinity House	Bath Terrace	£361,833	3
SE1 3YB	Eynsford House	Crosby Row	£363,333	3