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Falconwood & Welling House Prices Falconwood & Welling House Prices

The average house price in Falconwood & Welling is £418,083 using HM Land Registry data.

The average property price increased by £112,010 (30.47%) over the last 5 years and increased by £22,386 (4.9%) over the last 12 months.

Over the last year, there were 138 residential property sales – a decrease of 48 transactions (-34.78%) relative to the previous year. The majority of house sales (35) were in the £412,000 - £468,000 range. Then came properties in the £356,000 - £412,000 range, where 31 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 £-13,094 (-2%).

In April 2024, there were 33 new estate agency instructions, 33 agreed home sales and 9 property price reductions.

Neighbouring Areas: Bexleyheath, East Wickham, Sidcup, Eltham

Postcodes Covered: DA15, DA16, SE9

5-Year Average Property Prices in Falconwood & Welling

30.47%

Property prices in Falconwood & Welling increased by 30.47% 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 Falconwood & Welling Over the Last Year

4.9%

Property prices in Falconwood & Welling increased by 4.9% 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 Falconwood & Welling - 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 Falconwood & Welling

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 Falconwood & Welling

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 Falconwood & Welling

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 Falconwood & Welling since 1995

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

Recent Property Sales in Falconwood & Welling

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
115 Yorkland Avenue, Welling, Greater London, DA16 2LQ£375,000£375,000£0007 Jul 202305 Feb 2024213 Days
59 Fairwater Avenue, Welling, Greater London, DA16 2HZ£550,000£530,000-£20,00015 Jun 202302 Feb 2024232 Days
7 The Green, Welling, Greater London, DA16 2PA£525,000£508,000-£17,00028 Jun 202329 Jan 2024215 Days
243 Hook Lane, Welling, Greater London, DA16 2NZ£585,000£582,000-£3,00007 Nov 202326 Jan 202480 Days
13 Buckingham Avenue, Welling, Greater London, DA16 2LY£575,000£565,000-£10,00016 Aug 202308 Dec 2023114 Days
1 Sharnbrooke Close, Welling, Greater London, DA16 1SL£250,000£247,500-£2,50004 Aug 202305 Dec 2023123 Days
198 Hook Lane, Welling, Greater London, DA16 2NY£435,000£426,000-£9,00019 Jul 202305 Dec 2023139 Days
186 Sutherland Avenue, Welling, Greater London, DA16 2NH£425,000£425,000£0022 May 202330 Nov 2023192 Days
42 Selwyn Crescent, Welling, Greater London, DA16 2AP£595,000£550,000-£45,00025 May 202329 Nov 2023188 Days
107 The Green, Welling, Greater London, DA16 2PB£440,000£435,000-£5,00003 Jul 202322 Nov 2023142 Days
822 East Rochester Way, Sidcup, Greater London, DA15 8PD£460,000£455,000-£5,00025 Jun 202020 Nov 20231243 Days
20 Roseacre Road, Welling, Greater London, DA16 2AD£450,000£430,000-£20,00026 Jun 202309 Nov 2023136 Days
20 Porthkerry Avenue, Welling, Greater London, DA16 2DT£395,000£380,800-£14,20031 Jul 202303 Nov 202395 Days
38 Buckingham Avenue, Welling, Greater London, DA16 2LZ£435,000£422,500-£12,50026 Aug 202303 Nov 202369 Days
19 Wendover Way, Welling, Greater London, DA16 2BW£425,000£425,000£0022 Jun 202327 Oct 2023127 Days
21 Woodville Grove, Welling, Greater London, DA16 3QA£175,000£165,000-£10,00007 Aug 202323 Oct 202377 Days
17 Ingleton Avenue, Welling, Greater London, DA16 2JY£400,000£400,000£0010 Jul 202320 Oct 2023102 Days
43 Woodville Grove, Welling, Greater London, DA16 3QA£180,000£170,000-£10,00029 Mar 202317 Oct 2023202 Days
56 Westwood Lane, Welling, Greater London, DA16 2HQ£700,000£675,000-£25,00008 Jun 202303 Oct 2023117 Days
96 Yorkland Avenue, Welling, Greater London, DA16 2LN£450,000£445,000-£5,00016 Jun 202329 Sep 2023105 Days

Most Expensive Streets in Falconwood & Welling

PostcodeStreetAreaAverageNo. of Sales
DA16 1RUDanson MeadWelling£836,4005
DA16 2HQWestwood LaneWelling£688,3333
DA16 2ANSelwyn CrescentWelling£621,6663
DA16 2ENHuxley RoadWelling£580,7916
DA16 2LXBuckingham AvenueWelling£578,7504
DA16 2ARDanson CrescentWelling£568,7504
DA16 2HXLancelot RoadWelling£567,8577
DA16 2EGDarwin RoadWelling£562,5004
DA16 2APSelwyn CrescentWelling£562,5006
DA16 2ETFaraday RoadWelling£556,3889

Least Expensive Streets in Falconwood & Welling

PostcodeStreetAreaAverageNo. of Sales
DA16 1ABEmbassy CourtWelling High Street, Welling£149,8507
DA16 3QAWoodville GroveWelling£164,66025
DA16 1TAMckinlay CourtPark View Road£180,8336
DA16 1SLSharnbrooke CloseWelling£232,2147
DA16 1SJPark View RoadWelling£258,3333
DA16 2AEPenpool LaneWelling£267,4166
DA16 3PGBellegrove RoadWelling£290,3333
DA16 2QQMillbrook AvenueWelling£302,3995
DA16 2AXDanson CrescentWelling£303,0004
DA16 3DNStation Approach SouthWelling£334,0005

Explore Falconwood & Welling and Neighbouring Area House Prices

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