New Cross House Prices New Cross House Prices

The average house price in New Cross is £202,500 using HM Land Registry data.

The average property price increased by £8,646 (1.88%) over the last 5 years and increased by £1,728 (0.37%) over the last 12 months.

Over the last year, there were 37 residential property sales – a decrease of 43 transactions (-116.22%) relative to the previous year. The majority of house sales (11) were in the £278,000 - £396,000 range. Then came properties in the £160,000 - £278,000 range, where 10 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 94 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-22,124 (-3%).

In April 2024, there were 19 new estate agency instructions, 11 agreed home sales and 9 property price reductions.

5-Year Average Property Prices in New Cross

1.88%

Property prices in New Cross increased by 1.88% 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 New Cross Over the Last Year

0.37%

Property prices in New Cross increased by 0.37% 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 New Cross - 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 New Cross

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 New Cross

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 New Cross

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 New Cross since 1995

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

Recent Property Sales in New Cross

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
18 Farrow Lane, London, Greater London, SE14 5DB£235,000£227,500-£7,50021 Aug 202329 Feb 2024192 Days
Flat 20, Bryce House, John Williams Close, London, Greater London, SE14 5XG£175,000£160,000-£15,00023 Sep 202315 Dec 202383 Days
30 Farrow Lane, London, Greater London, SE14 5DB£325,000£325,000£0027 Mar 202306 Oct 2023193 Days
8a, Hunsdon Road, London, Greater London, SE14 5RE£400,000£390,000-£10,00015 May 202306 Oct 2023144 Days
6 Robert Lowe Close, London, Greater London, SE14 5QB£584,950£550,000-£34,95016 May 202308 Sep 2023115 Days
29 Hunsdon Road, London, Greater London, SE14 5RD£774,950£745,000-£29,95010 May 202316 Aug 202398 Days
Flat 10, Mendip Court, Avonley Road, London, Greater London, SE14 5EU£325,000£312,500-£12,50017 Apr 202328 Jul 2023102 Days
40 Farrow Lane, London, Greater London, SE14 5DB£535,000£520,000-£15,00002 Sep 202218 May 2023258 Days
18a, Billington Road, London, Greater London, SE14 5QQ£500,000£480,000-£20,00016 Nov 202227 Apr 2023162 Days
43 Hatcham Park Road, London, Greater London, SE14 5QE£750,000£722,130-£27,87009 Nov 202223 Mar 2023134 Days
5 Joseph Hardcastle Close, London, Greater London, SE14 5RN£700,000£675,000-£25,00002 Nov 202227 Feb 2023117 Days
46b, Billington Road, London, Greater London, SE14 5QQ£385,000£377,000-£8,00028 Jun 202223 Feb 2023240 Days
Flat 25, Tarplett House, John Williams Close, London, Greater London, SE14 5XD£275,000£270,000-£5,00012 Jul 202220 Jan 2023192 Days
71 Monson Road, London, Greater London, SE14 5EQ£750,000£750,000£0021 Apr 202204 Jan 2023258 Days
61 Edric Road, London, Greater London, SE14 5EN£875,000£875,000£0006 Jun 202202 Dec 2022179 Days
76 Brocklehurst Street, London, Greater London, SE14 5QS£700,000£670,000-£30,00029 Jun 202221 Nov 2022145 Days
53 Hatcham Park Road, London, Greater London, SE14 5QE£700,000£675,000-£25,00027 Jul 202204 Nov 2022100 Days
25 Hunsdon Road, London, Greater London, SE14 5RD£800,000£750,000-£50,00021 May 202206 Oct 2022138 Days
68 Joseph Hardcastle Close, London, Greater London, SE14 5RQ£360,000£352,500-£7,50024 Feb 202216 Sep 2022204 Days
Flat 16, Barnes House, John Williams Close, London, Greater London, SE14 5XH£215,000£203,000-£12,00011 May 202215 Sep 2022127 Days

Most Expensive Streets in New Cross

PostcodeStreetAreaAverageNo. of Sales
SE14 5RABrocklehurst StreetLondon£785,3333
SE14 5RFHunsdon RoadLondon£751,3333
SE14 5QUVentnor RoadLondon£748,3336
SE14 5EWAvonley RoadLondon£685,36212
SE14 5REHunsdon RoadLondon£670,2005
SE14 5ELEdric RoadLondon£669,0006
SE14 5RDHunsdon RoadLondon£668,0005
SE14 5QHBillington RoadLondon£661,4287
SE14 5QZLeylang RoadLondon£655,0003
SE14 5ENEdric RoadLondon£638,9688

Least Expensive Streets in New Cross

PostcodeStreetAreaAverageNo. of Sales
SE14 5FTReaston StreetLondon£203,8336
SE14 5FWReaston StreetLondon£204,2504
SE14 5FDAvonley RoadLondon£206,8754
SE14 5RZMyers LaneLondon£209,3005
SE14 5XHBarnes HouseJohn Williams Close£215,3333
SE14 5RPSamuel CloseLondon£217,0279
SE14 5RUMyers LaneLondon£222,6663
SE14 5XERedrup HouseJohn Williams Close£226,2504
SE14 5EZChiltern CourtAvonley Road£232,6663
SE14 5XGBryce HouseJohn Williams Close£234,2857

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