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Abbey Wood House Prices Abbey Wood House Prices

The average house price in Abbey Wood is £442,375 using HM Land Registry data.

The average property price increased by £114,788 (38.19%) over the last 5 years and increased by £22,942 (5.85%) over the last 12 months.

Over the last year, there were 70 residential property sales – a decrease of 50 transactions (-71.43%) relative to the previous year. The majority of house sales (26) were in the £400,000 - £450,000 range. Then came properties in the £350,000 - £400,000 range, where 11 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 95 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-8,133 (-1%).

In April 2024, there were 16 new estate agency instructions, 13 agreed home sales and 9 property price reductions.

Neighbouring Areas: Belvedere, West Heath, Plumstead, Thamesmead

Postcodes Covered: SE2

5-Year Average Property Prices in Abbey Wood

38.19%

Property prices in Abbey Wood increased by 38.19% 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 Abbey Wood Over the Last Year

5.85%

Property prices in Abbey Wood increased by 5.85% 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 Abbey Wood - April 2024

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 Abbey Wood

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 Abbey Wood

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 Abbey Wood

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 Abbey Wood since 1995

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

Recent Property Sales in Abbey Wood

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
9 Devenish Road, London, Greater London, SE2 9DA£425,000£420,000-£5,00026 Oct 202316 Feb 2024113 Days
117 Abbey Grove, Abbey Wood, London, Greater London, SE2 9EW£450,000£447,000-£3,00009 Oct 202309 Feb 2024123 Days
58 Congress Road, London, Greater London, SE2 0LU£410,000£400,000-£10,00028 Jul 202309 Feb 2024196 Days
133 Howarth Road, Abbey Wood, London, Greater London, SE2 0UW£440,000£435,000-£5,00009 Oct 202308 Feb 2024122 Days
144 Mcleod Road, London, Greater London, SE2 0BS£455,000£440,000-£15,00013 Sep 202309 Jan 2024118 Days
35 Felixstowe Road, London, Greater London, SE2 9QJ£375,000£374,000-£1,00027 Sep 202308 Dec 202372 Days
57 Rochdale Road, London, Greater London, SE2 0XE£490,000£470,000-£20,00005 Aug 202330 Nov 2023117 Days
215 Mcleod Road, London, Greater London, SE2 0BN£575,000£569,000-£6,00029 Jun 202315 Nov 2023139 Days
98 Bostall Lane, Abbey Wood, London, Greater London, SE2 0QS£425,000£415,000-£10,00007 Jul 202331 Oct 2023116 Days
32 Eynsham Drive, London, Greater London, SE2 9QY£200,000£190,000-£10,00007 Feb 202327 Oct 2023262 Days
65 Abbey Wood Road, London, Greater London, SE2 9DZ£475,000£460,000-£15,00012 May 202327 Oct 2023168 Days
109 Mcleod Road, London, Greater London, SE2 0BW£415,000£407,500-£7,50018 Jul 202324 Oct 202398 Days
130 Mottisfont Road, London, Greater London, SE2 9LW£425,000£420,000-£5,00020 Jun 202327 Sep 202399 Days
41 Bracondale Road, London, Greater London, SE2 9HR£450,000£433,000-£17,00023 May 202325 Sep 2023125 Days
66 Bostall Hill, London, Greater London, SE2 0QY£950,000£877,000-£73,00009 Jan 202312 Sep 2023246 Days
139b, Mcleod Road, London, Greater London, SE2 0BN£280,000£248,000-£32,00024 May 202208 Sep 2023472 Days
104 Abbey Grove, Abbey Wood, London, Greater London, SE2 9EP£425,000£415,000-£10,00006 Jun 202330 Aug 202385 Days
125 Woodhurst Road, London, Greater London, SE2 9HT£400,000£390,000-£10,00010 Jun 202325 Aug 202376 Days
36a, Abbey Wood Road, London, Greater London, SE2 9NP£230,000£230,000£0016 Mar 202314 Aug 2023151 Days
73 Greening Street, London, Greater London, SE2 0LY£550,000£536,000-£14,00005 May 202302 Aug 202389 Days

Most Expensive Streets in Abbey Wood

PostcodeStreetAreaAverageNo. of Sales
SE2 0QYBostall HillLondon£585,0004
SE2 9EXAbbey GroveAbbey Wood£496,3754
SE2 0XARochdale RoadLondon£468,8577
SE2 0XBRochdale RoadLondon£466,7665
SE2 0LUCongress RoadLondon£465,0005
SE2 0BTMcleod RoadLondon£461,5754
SE2 0UPHowarth RoadLondon£450,0003
SE2 0JTFederation RoadLondon£448,2504
SE2 0JEManton RoadLondon£443,0003
SE2 0LQWillrose CrescentLondon£440,0003

Least Expensive Streets in Abbey Wood

PostcodeStreetAreaAverageNo. of Sales
SE2 0YLKnee Hill CrescentLondon£204,0003
SE2 0LFCommonwealth WayLondon£226,6663
SE2 9AXGodstow RoadLondon£241,7503
SE2 0EUMyrtledene RoadLondon£242,8124
SE2 9EJBrinkburn CloseLondon£247,3663
SE2 9JSEdington RoadLondon£260,0003
SE2 9PUEynsham DriveLondon£279,5004
SE2 9JREdington RoadLondon£283,0003
SE2 9QYEynsham DriveLondon£291,0005
SE2 9PJManister RoadLondon£296,8333

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