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Penge House Prices Penge House Prices

The average house price in Penge is £594,250 using HM Land Registry data.

The average property price decreased by £43,272 (--7.97%) over the last 5 years and decreased by £8,648 (--1.7%) over the last 12 months.

Over the last year, there were 171 residential property sales – a decrease of 80 transactions (-46.78%) relative to the previous year. The majority of house sales (45) were in the £378,000 - £496,000 range. Then came properties in the £260,000 - £378,000 range, where 43 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 115 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-23,422 (-2%).

In April 2024, there were 41 new estate agency instructions, 29 agreed home sales and 14 property price reductions.

Neighbouring Areas: Bellingham, Sydenham, Beckenham, Elmers End, Crystal Palace

Postcodes Covered: BR3, SE20, SE26

5-Year Average Property Prices in Penge

-7.97%

Property prices in Penge decreased by -7.97% 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 Penge Over the Last Year

-1.7%

Property prices in Penge decreased by -1.7% 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 Penge - 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 Penge

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 Penge

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 Penge

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 Penge since 1995

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

Recent Property Sales in Penge

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
Flat 21, Coniston Court, Springfield Road, London, Greater London, SE26 6HF£425,000£425,000£0017 Jan 202311 Jan 2024359 Days
35 Padua Road, London, Greater London, SE20 8HF£625,000£600,000-£25,00015 May 202308 Jan 2024238 Days
52 Crampton Road, London, Greater London, SE20 7AT£690,000£686,000-£4,00011 Sep 202305 Jan 2024116 Days
79 Lennard Road, London, Greater London, SE20 7LY£700,000£650,000-£50,00003 Jul 202313 Dec 2023163 Days
18 Kent House Lane, Beckenham, Greater London, BR3 1LF£550,000£525,000-£25,00016 Jun 202301 Dec 2023168 Days
Flat 24, Avenue Court, Avenue Road, London, Greater London, SE20 7RX£270,000£267,500-£2,50022 Mar 202328 Nov 2023251 Days
16 Sheldon Close, London, Greater London, SE20 8LU£425,000£410,000-£15,00003 Aug 202324 Nov 2023113 Days
14 Beckett Walk, Beckenham, Greater London, BR3 1JH£380,000£372,000-£8,00018 May 202321 Nov 2023187 Days
25b, Laurel Grove, London, Greater London, SE20 8QJ£425,000£425,000£0017 Apr 202330 Oct 2023196 Days
Flat 5, Goudhurst House, Pawleyne Close, London, Greater London, SE20 8JG£235,000£230,000-£5,00021 Jul 202330 Oct 2023101 Days
125 Victor Road, London, Greater London, SE20 7JT£595,000£585,000-£10,00020 Jun 202327 Oct 2023129 Days
122 Victor Road, London, Greater London, SE20 7JT£625,000£620,000-£5,00001 Jul 202327 Oct 2023118 Days
Flat 10, Roberts Court, Maple Road, London, Greater London, SE20 8JJ£300,000£300,000£0022 Jun 202326 Oct 2023126 Days
24 Pawleyne Close, London, Greater London, SE20 8JH£550,000£542,500-£7,50013 Jun 202323 Oct 2023132 Days
133 Kent House Road, Beckenham, Greater London, BR3 1JJ£775,000£760,000-£15,00005 Jun 202313 Oct 2023130 Days
39b, High Street, London, Greater London, SE20 7HJ£220,000£220,000£0027 Jun 202309 Oct 2023104 Days
19 Lucas Road, London, Greater London, SE20 7EE£450,000£450,000£0023 Apr 202304 Oct 2023164 Days
19 Linden Grove, London, Greater London, SE26 5PH£825,000£808,000-£17,00006 Mar 202326 Sep 2023204 Days
14 Chestnut Grove, London, Greater London, SE20 8PD£375,000£375,000£0026 Apr 202321 Sep 2023148 Days
10 Springfield Road, London, Greater London, SE26 6HG£500,000£500,000£0011 Mar 202315 Sep 2023188 Days

Most Expensive Streets in Penge

PostcodeStreetAreaAverageNo. of Sales
BR3 1FDBower PlaceBeckenham£1,592,0003
SE26 6ATDavenant PlaceLondon£1,300,75014
BR3 1JQKent House RoadBeckenham£1,155,0005
BR3 1LNKings Hall RoadBeckenham£1,143,3333
BR3 1LTKings Hall RoadBeckenham£1,115,8336
BR3 1LLKings Hall RoadBeckenham£1,109,4005
SE26 5DTCator RoadLondon£1,100,8336
BR3 1LRKings Hall RoadBeckenham£1,047,5004
SE26 6HHLawrie Park CrescentLondon£1,028,8128
SE26 5NLAlexandra RoadLondon£1,020,0003

Least Expensive Streets in Penge

PostcodeStreetAreaAverageNo. of Sales
SE20 7HUParish LaneLondon£124,6874
SE20 7ABCroydon RoadLondon£210,5005
SE20 7SSBenwick CourtCroydon Road£230,1005
SE20 7RZDeverill CourtAvenue Road£231,5534
SE20 7SADeverill CourtAvenue Road£236,8758
SE20 7AGCroydon RoadLondon£249,3333
SE20 7RXAvenue CourtAvenue Road£254,2086
SE20 8HZCarole HouseMaple Road£255,6663
SE20 7EAQueen Adelaide CourtQueen Adelaide Road£257,0003
SE20 7HJHigh StreetLondon£260,0007

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