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Thamesmead House Prices Thamesmead House Prices

The average house price in Thamesmead is £388,928 using HM Land Registry data.

The average property price increased by £101,654 (35.17%) over the last 5 years and increased by £20,363 (5.5%) over the last 12 months.

Over the last year, there were 132 residential property sales – a decrease of 146 transactions (-110.61%) relative to the previous year. The majority of house sales (34) were in the £318,000 - £362,000 range. Then came properties in the £362,000 - £406,000 range, where 22 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 119 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-9,091 (-2%).

In January 2025, there were 97 new estate agency instructions, 28 agreed home sales and 17 property price reductions.

Neighbouring Areas: Belvedere, Abbey Wood, Woolwich, Plumstead

Postcodes Covered: DA18, SE2, SE28

5-Year Average Property Prices in Thamesmead

35.17%

Property prices in Thamesmead increased by 35.17% 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 Thamesmead Over the Last Year

5.5%

Property prices in Thamesmead increased by 5.5% 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.

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).

Property Market Heat Gauge for Thamesmead - January 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 Thamesmead

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 Thamesmead

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 Thamesmead

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 Thamesmead since 1995

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

Recent Property Sales in Thamesmead

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
173 Newmarsh Road, London, Greater London, SE28 8TB£450,000£450,000£018 Jun 202413 Dec 2024178 Days
52 Dalberg Way, London, Greater London, SE2 9SL£350,000£350,000£017 Aug 202406 Dec 2024111 Days
19 Woburn Close, London, Greater London, SE28 8QZ£230,000£224,000-£6,00017 Jul 202406 Dec 2024142 Days
54 Princess Alice Way, London, Greater London, SE28 0HQ£260,000£258,500-£1,50002 May 202422 Nov 2024204 Days
15 Carronade Place, London, Greater London, SE28 0EE£600,000£590,000-£10,00024 Jun 202422 Nov 2024151 Days
84 Mangold Way, Erith, Greater London, DA18 4DF£350,000£340,000-£10,00018 Sep 202308 Nov 2024417 Days
32 Aisher Road, London, Greater London, SE28 8LH£400,000£400,000£004 Apr 202406 Nov 2024216 Days
15 Eastgate Close, London, Greater London, SE28 8PJ£190,000£180,000-£10,00027 Mar 202401 Nov 2024219 Days
14 Voyagers Close, London, Greater London, SE28 8QQ£200,000£198,000-£2,00009 Jul 202401 Nov 2024115 Days
25 Courtland Grove, London, Greater London, SE28 8PA£365,000£358,000-£7,00024 May 202418 Oct 2024147 Days
38 Nickelby Close, London, Greater London, SE28 8LX£370,000£360,000-£10,00003 Jun 202415 Oct 2024134 Days
16 Tawney Road, London, Greater London, SE28 8EE£260,000£260,000£004 Apr 202408 Oct 2024187 Days
46 Watersmeet Way, London, Greater London, SE28 8PU£450,000£440,000-£10,00030 Apr 202418 Sep 2024141 Days
20 Gadwall Way, London, Greater London, SE28 0DB£425,000£420,000-£5,00018 Apr 202404 Sep 2024139 Days
50 Camelot Close, London, Greater London, SE28 0ET£350,000£335,000-£15,00026 Mar 202430 Aug 2024157 Days
1 Courtauld Close, London, Greater London, SE28 8RH£450,000£445,500-£4,50024 Jul 202428 Aug 202435 Days
28 Haldane Road, London, Greater London, SE28 8NG£365,000£345,000-£20,00007 May 202407 Aug 202492 Days
28 Newmarsh Road, London, Greater London, SE28 8TF£400,000£400,000£015 Feb 202329 Jul 2024530 Days
23 Pointer Close, London, Greater London, SE28 8PN£230,000£226,500-£3,50013 Jan 202415 Jul 2024184 Days
65 Parkway, Erith, Greater London, DA18 4HQ£325,000£312,000-£13,00010 Feb 202405 Jul 2024146 Days

Most Expensive Streets in Thamesmead

PostcodeStreetAreaAverageNo. of Sales
SE2 9FFHarrow ManorwayLondon£452,58228
SE28 0EECarronade PlaceLondon£441,6663
SE28 0BFAllenby RoadLondon£434,3333
SE28 0JQBattery RoadLondon£433,3333
SE28 0HXRidge CloseLondon£420,6663
SE28 0JDDelisle RoadLondon£418,3333
SE28 0FHPier WayLondon£411,32623
SE28 8THGrasshaven WayLondon£410,0003
SE2 9DUSwift CourtTavy Bridge£401,40647
SE2 9RPRushdeneLondon£395,9705

Least Expensive Streets in Thamesmead

PostcodeStreetAreaAverageNo. of Sales
SE28 8PJEastgate CloseLondon£198,6005
DA18 4HAGlimpsing GreenErith£200,2504
SE28 8EYManor CloseLondon£212,9166
SE28 0PALong Acre HousePettacre Close£213,6287
SE2 9FDWagtail WalkLondon£215,2507
SE28 8QZWoburn CloseLondon£225,0005
SE28 0NGCharlesmere GardensThames Reach£229,5836
SE28 0FRThames ReachLondon£235,5314
SE28 8EETawney RoadLondon£237,5004
DA18 4DQHolstein WayErith£237,6663

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