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Custom House House Prices Custom House House Prices

The average house price in Custom House is £256,500 using HM Land Registry data.

The average property price increased by £44,368 (12.62%) over the last 5 years and increased by £8,868 (2.29%) over the last 12 months.

Over the last year, there were 45 residential property sales – a decrease of 29 transactions (-64.44%) relative to the previous year. The majority of house sales (11) were in the £408,000 - £454,000 range. Then came properties in the £362,000 - £408,000 range, where 9 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 108 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-15,285 (-2%).

In April 2024, there were 15 new estate agency instructions, 5 agreed home sales and 5 property price reductions.

Neighbouring Areas: Beckton, East Ham, North Woolwich, Silvertown, Plaistow, Canning Town

Postcodes Covered: E16, E6

5-Year Average Property Prices in Custom House

12.62%

Property prices in Custom House increased by 12.62% 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 Custom House Over the Last Year

2.29%

Property prices in Custom House increased by 2.29% 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 Custom House - 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 Custom House

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 Custom House

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 Custom House

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 Custom House since 1995

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

Recent Property Sales in Custom House

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
2 Hogarth Close, London, Greater London, E16 3SR£400,000£393,000-£7,00019 Sep 202312 Dec 202384 Days
4 Broadgate Road, London, Greater London, E16 3TL£500,000£490,000-£10,00028 Apr 202322 Sep 2023147 Days
2 Heathfield Close, London, Greater London, E16 3SS£475,000£472,000-£3,00024 Aug 202219 Jun 2023299 Days
Flat 27, Manchester Court, Garvary Road, London, Greater London, E16 3GZ£325,000£290,000-£35,00012 Oct 202212 Apr 2023182 Days
23 Hickman Close, London, Greater London, E16 3TA£425,000£405,000-£20,00002 Jul 202230 Mar 2023271 Days
70 Croombs Road, London, Greater London, E16 3RZ£500,000£475,000-£25,00003 Oct 202227 Mar 2023175 Days
1 Jade Close, London, Greater London, E16 3TY£275,000£272,000-£3,00017 Oct 202217 Mar 2023151 Days
64 Varley Road, London, Greater London, E16 3NS£395,000£360,000-£35,00010 Nov 202209 Mar 2023119 Days
7 Agate Close, London, Greater London, E16 3TU£325,000£315,000-£10,00011 Aug 202231 Jan 2023173 Days
16 Alestan Beck Road, London, Greater London, E16 3TW£325,000£315,000-£10,00030 Aug 202230 Jan 2023153 Days
51 Cundy Road, London, Greater London, E16 3DJ£500,000£500,000£0012 Jul 202220 Dec 2022161 Days
27 Giralda Close, London, Greater London, E16 3SZ£500,000£500,000£0009 Jul 202215 Dec 2022159 Days
22 Clements Avenue, London, Greater London, E16 3AA£350,000£342,000-£8,00023 Apr 202209 Dec 2022230 Days
17 Teal Close, London, Greater London, E16 3TP£365,000£365,000£0010 Aug 202202 Dec 2022114 Days
29 Emerald Close, London, Greater London, E16 3TS£450,000£437,000-£13,00004 Apr 202221 Oct 2022200 Days
15 Partridge Close, London, Greater London, E16 3TB£435,000£425,000-£10,00031 Aug 202212 Sep 202212 Days
84 Fulmer Road, London, Greater London, E16 3TF£550,000£535,000-£15,00030 Nov 202109 Sep 2022283 Days
31 Jade Close, London, Greater London, E16 3TY£265,000£255,000-£10,00023 Aug 202126 Aug 2022368 Days
62 Fife Road, London, Greater London, E16 1QB£350,000£320,000-£30,00028 Oct 202108 Jul 2022253 Days
58 King George Avenue, London, Greater London, E16 3HP£450,000£450,000£0031 Aug 202106 Jun 2022279 Days

Most Expensive Streets in Custom House

PostcodeStreetAreaAverageNo. of Sales
E16 1QQCharford RoadLondon£545,5004
E16 1PESouth Molton RoadLondon£523,3333
E16 3TNHigh Meads RoadLondon£511,6663
E16 3TFFulmer RoadLondon£479,2857
E16 3ALMurray SquareCustom House£471,8754
E16 3EYAlnwick RoadLondon£460,0003
E16 3LYColman RoadLondon£445,0003
E16 3LJSullivan AvenueLondon£435,0003
E16 3AGBoreham AvenueLondon£432,0003
E16 3DUGresham RoadLondon£417,5004

Least Expensive Streets in Custom House

PostcodeStreetAreaAverageNo. of Sales
E16 3SQGadwall CloseLondon£208,3663
E16 1UFHammersley RoadLondon£264,7255
E16 3TZJade CloseLondon£270,5006
E16 1XSEdwin StreetLondon£279,2916
E16 3TUAgate CloseLondon£282,5004
E16 1FWHammersley RoadLondon£291,5836
E16 3LNRidgwell RoadLondon£297,6663
E16 3TWAlestan Beck RoadLondon£299,5004
E16 1RAHammersley RoadLondon£300,7416
E16 3TRJasper RoadLondon£302,7504

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