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Millwall House Prices Millwall House Prices

The average house price in Millwall is £300,000 using HM Land Registry data.

The average property price increased by £9,132 (1.82%) over the last 5 years and increased by £1,825 (0.36%) over the last 12 months.

Over the last year, there were 93 residential property sales – a decrease of 70 transactions (-75.27%) relative to the previous year. The majority of house sales (26) were in the £300,000 - £400,000 range. Then came properties in the £400,000 - £500,000 range, where 17 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 127 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-15,921 (-2%).

In April 2024, there were 28 new estate agency instructions, 9 agreed home sales and 25 property price reductions.

Neighbouring Areas: Blackwall & Cubitt Town, Canary Wharf

Postcodes Covered: E14

5-Year Average Property Prices in Millwall

1.82%

Property prices in Millwall increased by 1.82% 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 Millwall Over the Last Year

0.36%

Property prices in Millwall increased by 0.36% 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 Millwall - 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 Millwall

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 Millwall

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 Millwall

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 Millwall since 1995

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

Recent Property Sales in Millwall

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
27 Falcon Way, London, Greater London, E14 9UP£310,000£295,000-£15,00025 Apr 202330 Nov 2023219 Days
8 Undine Road, London, Greater London, E14 9UW£600,000£600,000£0009 Jun 202309 Oct 2023122 Days
39 Manchester Road, London, Greater London, E14 3DN£700,000£650,000-£50,00010 Mar 202303 Oct 2023207 Days
23 Pointers Close, London, Greater London, E14 3AP£800,000£770,000-£30,00013 Apr 202315 Sep 2023155 Days
3 Taeping Street, London, Greater London, E14 9UN£540,000£535,000-£5,00015 May 202314 Sep 2023122 Days
61 Barnfield Place, London, Greater London, E14 9YB£795,000£795,000£0015 Nov 202214 Sep 2023303 Days
140 Langbourne Place, London, Greater London, E14 3WW£390,000£390,000£0009 Jun 202308 Sep 202391 Days
29 Ferguson Close, London, Greater London, E14 3SH£365,000£355,000-£10,00002 Dec 202204 Sep 2023276 Days
39 Undine Road, London, Greater London, E14 9UW£475,000£470,000-£5,00019 Jan 202310 Aug 2023203 Days
27 Ferry Street, London, Greater London, E14 3DT£895,000£875,000-£20,00002 Feb 202301 Aug 2023180 Days
Flat 22, Quay View Apartments, Arden Crescent, London, Greater London, E14 9WA£375,000£372,000-£3,00020 Jan 202303 Jul 2023164 Days
75 Caledonian Wharf, London, Greater London, E14 3EN£390,000£390,000£0015 Feb 202321 Jun 2023126 Days
230 St Davids Square, London, Greater London, E14 3WE£435,000£430,000-£5,00016 Jun 202316 Jun 20230 Days
57 Wheat Sheaf Close, London, Greater London, E14 9UU£299,950£280,000-£19,95009 Nov 202226 May 2023198 Days
40 Ringwood Gardens, London, Greater London, E14 9WZ£315,000£290,000-£25,00006 Oct 202203 May 2023209 Days
Flat 9, Conway House, Cahir Street, London, Greater London, E14 3RA£385,000£385,000£0024 Jan 202328 Apr 202394 Days
83 Langbourne Place, London, Greater London, E14 3WN£750,000£750,000£0027 Feb 202328 Apr 202360 Days
29 Pointers Close, London, Greater London, E14 3AP£749,999£735,000-£14,99917 Oct 202220 Mar 2023154 Days
452 St Davids Square, London, Greater London, E14 3WH£800,000£790,000-£10,00007 Jul 202208 Mar 2023244 Days
457b, Westferry Road, London, Greater London, E14 3AN£425,000£410,000-£15,00003 Mar 202303 Mar 20230 Days

Most Expensive Streets in Millwall

PostcodeStreetAreaAverageNo. of Sales
E14 3AYEast Ferry RoadLondon£906,4449
E14 3APPointers CloseLondon£781,6663
E14 3UHArtemis CourtHomer Drive£778,1254
E14 3QQDa Gama PlaceLondon£773,3333
E14 3AXThermopylae GateLondon£738,7666
E14 3ASChapel House StreetLondon£736,7857
E14 9YBBarnfield PlaceLondon£728,3333
E14 3DTFerry StreetLondon£725,0003
E14 3AJLockesfield PlaceLondon£721,5005
E14 3QWMagellan PlaceLondon£702,5004

Least Expensive Streets in Millwall

PostcodeStreetAreaAverageNo. of Sales
E14 3RRWestferry RoadLondon£246,6663
E14 9XETelegraph PlaceLondon£249,1663
E14 3AQTransom SquareLondon£278,0005
E14 3ANWestferry RoadLondon£290,4684
E14 3EDWestferry RoadLondon£299,1628
E14 3BPGlengarnock AvenueLondon£319,5003
E14 9XATelegraph PlaceLondon£319,7857
E14 3TRBrunel HouseShip Yard£321,0005
E14 3UJHera CourtHomer Drive£324,4005
E14 3SJFerguson CloseLondon£325,0236

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