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Downham House Prices Downham House Prices

The average house price in Downham is £373,247 using HM Land Registry data.

The average property price increased by £98,055 (30.44%) over the last 5 years and increased by £19,597 (4.89%) over the last 12 months.

Over the last year, there were 109 residential property sales – a decrease of 43 transactions (-39.45%) relative to the previous year. The majority of house sales (33) were in the £376,000 - £424,000 range. Then came properties in the £328,000 - £376,000 range, where 29 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 78 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-17,201 (-2%).

In April 2024, there were 16 new estate agency instructions, 10 agreed home sales and 7 property price reductions.

Neighbouring Areas: Bellingham, Catford, Lewisham, Beckenham, Eltham, Bromley

Postcodes Covered: BR1, SE6

5-Year Average Property Prices in Downham

30.44%

Property prices in Downham increased by 30.44% 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 Downham Over the Last Year

4.89%

Property prices in Downham increased by 4.89% 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 Downham - 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 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 Downham

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 Downham

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 Downham

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 Downham since 1995

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

Recent Property Sales in Downham

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
121 Moorside Road, Bromley, Greater London, BR1 5EP£325,000£305,000-£20,00018 Oct 202319 Jan 202493 Days
11 Bamford Road, Bromley, Greater London, BR1 5QP£510,000£505,000-£5,00023 Aug 202322 Dec 2023121 Days
50 Ambleside, Bromley, Greater London, BR1 4DN£235,000£215,000-£20,00019 Jun 202318 Dec 2023182 Days
180 Keedonwood Road, Bromley, Greater London, BR1 4QP£375,000£360,000-£15,00014 Aug 202315 Dec 2023123 Days
99 Downderry Road, Bromley, Greater London, BR1 5QE£400,000£400,000£0028 Jul 202312 Dec 2023137 Days
12 Bourneside Gardens, London, Greater London, SE6 3NT£450,000£444,000-£6,00010 May 202311 Dec 2023215 Days
31 Lamerock Road, Bromley, Greater London, BR1 5LY£385,000£380,000-£5,00013 Jul 202307 Dec 2023147 Days
23 Gittens Close, Bromley, Greater London, BR1 5LA£310,000£310,000£0001 Apr 202305 Dec 2023248 Days
142 Oakridge Road, Bromley, Greater London, BR1 5QG£435,000£415,000-£20,00005 Jun 202310 Nov 2023158 Days
58 Moorside Road, Bromley, Greater London, BR1 5ER£450,000£435,000-£15,00007 Jul 202307 Nov 2023123 Days
55 Bromley Hill, Bromley, Greater London, BR1 4NA£550,000£450,000-£100,00018 May 202306 Nov 2023172 Days
44 Churchdown, Bromley, Greater London, BR1 5PT£400,000£385,000-£15,00027 Jun 202303 Nov 2023129 Days
94 Moorside Road, Bromley, Greater London, BR1 5ER£400,000£385,000-£15,00006 Jun 202303 Nov 2023150 Days
80 Ballamore Road, Bromley, Greater London, BR1 5LL£425,000£417,000-£8,00019 Jul 202301 Nov 2023105 Days
71 Capstone Road, Bromley, Greater London, BR1 5NA£350,000£347,250-£2,75002 Aug 202301 Nov 202391 Days
145 Farmfield Road, Bromley, Greater London, BR1 4NE£400,000£395,000-£5,00006 Jun 202320 Oct 2023136 Days
14 Primrose Close, London, Greater London, SE6 3NR£240,000£240,000£0003 Jun 202316 Oct 2023135 Days
7 Chelford Road, Bromley, Greater London, BR1 5QT£525,000£525,000£0004 Apr 202322 Sep 2023171 Days
298 Shroffold Road, Bromley, Greater London, BR1 5JF£350,000£345,000-£5,00022 Jun 202318 Sep 202388 Days
148 Keedonwood Road, Bromley, Greater London, BR1 4QP£375,000£375,000£0004 Jul 202304 Sep 202362 Days

Most Expensive Streets in Downham

PostcodeStreetAreaAverageNo. of Sales
BR1 4JQConiston RoadBromley£780,6586
BR1 4JLHillbrow RoadBromley£654,0005
BR1 4JWAshgrove RoadBromley£652,5004
BR1 4BYCalmont RoadBromley£643,7506
BR1 4LQBrangbourne RoadBromley£561,2504
BR1 5QTChelford RoadBromley£498,3336
BR1 5QUAnsford RoadBromley£495,0003
BR1 4LPBrangbourne RoadBromley£486,6663
BR1 5QPBamford RoadBromley£461,2506
BR1 4LLBrangbourne RoadBromley£461,1627

Least Expensive Streets in Downham

PostcodeStreetAreaAverageNo. of Sales
BR1 4LXOld Bromley RoadBromley£195,6663
BR1 4PPBromley RoadBromley£198,3333
BR1 4PABroadway HouseBromley Road£233,3754
SE6 3PNWaterer HouseBeckenham Hill Road£249,3333
BR1 5JNReigate RoadBromley£251,3754
BR1 4NFFarmfield RoadBromley£267,2374
BR1 4TLNesbit CourtMedhurst Drive£271,7229
BR1 5ENDownham WayBromley£283,0003
BR1 5NUDownham WayBromley£291,0003
BR1 4TFWells CourtMedhurst Drive£291,2506

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