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North Woolwich House Prices North Woolwich House Prices

The average house price in North Woolwich is £384,000 using HM Land Registry data.

The average property price increased by £94,969 (26.45%) over the last 5 years and increased by £18,980 (4.36%) over the last 12 months.

Over the last year, there were 40 residential property sales – a decrease of 97 transactions (-242.50%) relative to the previous year. The majority of house sales (10) were in the £284,000 - £338,000 range. Then came properties in the £338,000 - £392,000 range, where 8 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 117 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-23,875 (-5%).

In April 2024, there were 31 new estate agency instructions, 4 agreed home sales and 8 property price reductions.

Neighbouring Areas: Beckton, Custom House, Silvertown

Postcodes Covered: E16

5-Year Average Property Prices in North Woolwich

26.45%

Property prices in North Woolwich increased by 26.45% 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 North Woolwich Over the Last Year

4.36%

Property prices in North Woolwich increased by 4.36% 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 North Woolwich - 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 North Woolwich

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 North Woolwich

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 North Woolwich

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 North Woolwich since 1995

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

Recent Property Sales in North Woolwich

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
10 Barge House Road, London, Greater London, E16 2NH£400,000£395,000-£5,00018 Sep 202308 Dec 202381 Days
106 Felixstowe Court, London, Greater London, E16 2RS£230,000£227,500-£2,50020 Mar 202316 Nov 2023241 Days
56 Lowestoft Mews, London, Greater London, E16 2ST£370,000£370,000£0017 Apr 202314 Aug 2023119 Days
311 Fishguard Way, London, Greater London, E16 2RY£250,000£240,000-£10,00005 Nov 202231 Mar 2023146 Days
Flat 9, Shaw House, Claremont Street, London, Greater London, E16 2LP£295,000£270,000-£25,00005 Aug 202216 Feb 2023195 Days
63 Dockland Street, London, Greater London, E16 2JE£400,000£370,000-£30,00001 Dec 202210 Feb 202371 Days
84 Newland Street, London, Greater London, E16 2HN£310,000£280,000-£30,00008 Jun 202213 Jan 2023219 Days
429 Fishguard Way, London, Greater London, E16 2RZ£255,000£245,000-£10,00011 Aug 202202 Dec 2022113 Days
50 Lowestoft Mews, London, Greater London, E16 2ST£275,000£265,000-£10,00020 Apr 202217 Aug 2022119 Days
2 Grenadier Street, London, Greater London, E16 2LD£475,000£470,000-£5,00024 May 202205 Aug 202273 Days
44 Grimsby Grove, London, Greater London, E16 2RJ£240,000£233,000-£7,00001 Mar 202228 Jul 2022149 Days
315 Fishguard Way, London, Greater London, E16 2RY£325,000£325,000£0005 Apr 202225 Jul 2022111 Days
19 Saville Road, London, Greater London, E16 2DS£390,000£375,000-£15,00025 Nov 202125 Apr 2022151 Days
17 Lord Street, London, Greater London, E16 2DZ£350,000£350,000£0026 Oct 202128 Feb 2022125 Days
36 Grimsby Grove, London, Greater London, E16 2RJ£230,000£230,000£0016 Oct 202125 Feb 2022132 Days
139a, Albert Road, London, Greater London, E16 2JD£230,000£225,000-£5,00002 Aug 202121 Dec 2021141 Days
24 Kennard Street, London, Greater London, E16 2HR£430,000£430,000£0018 Aug 202109 Nov 202183 Days
235 Fishguard Way, London, Greater London, E16 2RX£370,000£357,500-£12,50004 May 202105 Nov 2021185 Days
62 Inverness Mews, London, Greater London, E16 2SP£400,000£400,000£0015 Jul 202104 Nov 2021112 Days
7 Lowestoft Mews, London, Greater London, E16 2ST£275,000£275,000£0022 May 202127 Aug 202197 Days

Most Expensive Streets in North Woolwich

PostcodeStreetAreaAverageNo. of Sales
E16 2XNCavendish SquareLondon£512,77642
E16 2GZLock Side WayLondon£473,6866
E16 2XJShackleton WayLondon£471,81356
E16 2XLShackleton WayLondon£443,20432
E16 2ZQWray AvenueSilvertown£443,11742
E16 2GYFrobisher YardLondon£427,5003
E16 2GWHudson WayLondon£414,1119
E16 2HRKennard StreetLondon£412,0005
E16 2DSSaville RoadLondon£411,5004
E16 2HALock Side WayLondon£409,4005

Least Expensive Streets in North Woolwich

PostcodeStreetAreaAverageNo. of Sales
E16 2FQDockside RoadLondon£133,3333
E16 2RSFelixstowe CourtLondon£245,9754
E16 2RRFelixstowe CourtLondon£250,95010
E16 2JDAlbert RoadLondon£258,3333
E16 2RZFishguard WayLondon£269,4586
E16 2HZFernhill StreetLondon£295,7504
E16 2RXFishguard WayLondon£297,77410
E16 2RYFishguard WayLondon£300,2504
E16 2STLowestoft MewsLondon£302,7508
E16 2NWWaldair CourtBarge House Road£302,8333

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