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Forest Hill House Prices Forest Hill House Prices

The average house price in Forest Hill is £556,818 using HM Land Registry data.

The average property price increased by £169,439 (34.22%) over the last 5 years and increased by £33,864 (5.37%) over the last 12 months.

Over the last year, there were 138 residential property sales – a decrease of 97 transactions (-70.29%) relative to the previous year. The majority of house sales (52) were in the £300,000 - £464,000 range. Then came properties in the £464,000 - £628,000 range, where 21 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 58 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-19,547 (-2%).

In April 2024, there were 37 new estate agency instructions, 19 agreed home sales and 15 property price reductions.

Neighbouring Areas: Peckham, Honor Oak, Perry Vale, Sydenham, Dulwich

Postcodes Covered: SE23, SE26

5-Year Average Property Prices in Forest Hill

34.22%

Property prices in Forest Hill increased by 34.22% 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 Forest Hill Over the Last Year

5.37%

Property prices in Forest Hill increased by 5.37% 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 Forest Hill - 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 41 to 60 days, the broad evidence suggests that the market is reasonably slow moving. Although some sellers in your postcode may be willing to wait up to 9 weeks, this data would suggest that estate agents may be overvaluing properties. In such scenarios, some vendors may either choose to wait for the market to pick up (which may result in 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 Forest Hill

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 Forest Hill

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 Forest Hill

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 Forest Hill since 1995

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

Recent Property Sales in Forest Hill

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
33a, Devonshire Road, London, Greater London, SE23 3EN£350,000£285,000-£65,00017 May 201609 Feb 20242824 Days
9 Heathedge, London, Greater London, SE26 4NJ£275,000£271,000-£4,00031 Jul 202308 Feb 2024192 Days
6 Woodcombe Crescent, London, Greater London, SE23 3BG£975,000£930,000-£45,00007 Sep 202319 Dec 2023103 Days
Flat 12, Kingswear House, Dartmouth Road, London, Greater London, SE23 3YE£300,000£290,000-£10,00013 Sep 202312 Dec 202390 Days
18a, Ringmore Rise, London, Greater London, SE23 3DE£900,000£875,000-£25,00006 Apr 202311 Dec 2023249 Days
15 Radlet Avenue, London, Greater London, SE26 4BZ£850,000£785,000-£65,00018 Jul 202308 Dec 2023143 Days
22 Boveney Road, London, Greater London, SE23 3NN£900,000£900,000£0011 Sep 202301 Dec 202381 Days
Flat A, 54, Devonshire Road, London, Greater London, SE23 3SX£325,000£315,000-£10,00005 Aug 202301 Dec 2023118 Days
41 Westwood Park, Forest Hill, London, Greater London, SE23 3QG£850,000£850,000£0014 Jul 202321 Nov 2023130 Days
Two Trees, Halifax Street, London, Greater London, SE26 6JA£750,000£715,000-£35,00009 Jan 202320 Nov 2023315 Days
6 Otto Close, Sydenham, London, Greater London, SE26 4NA£425,000£410,000-£15,00029 Mar 202310 Nov 2023226 Days
16 Benson Road, London, Greater London, SE23 3RJ£1,995,000£1,850,000-£145,00014 Apr 202302 Nov 2023202 Days
1 Hassocks Close, London, Greater London, SE26 4BS£750,000£730,000-£20,00024 Jan 202330 Oct 2023279 Days
21 Woodcombe Crescent, London, Greater London, SE23 3BG£1,150,000£1,130,000-£20,00006 Sep 202327 Oct 202351 Days
10 Wood Vale, London, Greater London, SE23 3EE£800,000£795,000-£5,00011 Apr 202327 Oct 2023199 Days
63 Tewkesbury Avenue, London, Greater London, SE23 3DG£800,000£775,000-£25,00020 Jun 202320 Oct 2023122 Days
Flat 3, Burwood Court, Canonbie Road, London, Greater London, SE23 3AY£400,000£400,000£0021 Apr 202325 Sep 2023157 Days
Flat 6, Leamington Court, Droitwich Close, London, Greater London, SE26 6TN£475,000£475,000£0019 Apr 202315 Sep 2023149 Days
54 Dallas Road, London, Greater London, SE26 6JP£475,000£466,000-£9,00031 May 202312 Sep 2023104 Days
45 Panmure Road, London, Greater London, SE26 6NB£750,000£720,000-£30,00025 Mar 202308 Sep 2023167 Days

Most Expensive Streets in Forest Hill

PostcodeStreetAreaAverageNo. of Sales
SE23 3EDWood ValeLondon£1,590,0004
SE23 3SHHonor Oak RoadLondon£1,483,3333
SE23 3BWLiphook CrescentLondon£1,216,2504
SE23 3AQCanonbie RoadLondon£1,174,3577
SE23 3AGCanonbie RoadLondon£1,160,0318
SE23 3AWCanonbie RoadLondon£1,119,2005
SE23 3QGWestwood ParkLondon£1,095,5836
SE26 4BXThorpewood AvenueLondon£1,087,4005
SE26 4BYThorpewood AvenueLondon£1,062,0004
SE23 3DERingmore RiseLondon£1,048,1258

Least Expensive Streets in Forest Hill

PostcodeStreetAreaAverageNo. of Sales
SE23 3EHClyde TerraceLondon£156,6663
SE23 3BAClyde TerraceLondon£242,7503
SE23 3LYDrakes CourtDevonshire Road£265,6663
SE26 4NJHeathedgeLondon£274,6663
SE23 3RTAngela CourtHonor Oak Road£285,0003
SE26 4BEDenham CourtKirkdale£285,0004
SE23 3SRDevonshire RoadLondon£287,5005
SE26 4RBCheseman CourtCheseman Street, London£293,1254
SE26 6AWWoodbury HouseSydenham Hill£294,0003
SE26 6JTSpringfield RiseLondon£296,6663

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