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Penge House Prices

The average house price in Penge is £500,750 using HM Land Registry data.

The average property price decreased by £16,072 (--3.02%) over the last 5 years and decreased by £3,212 (--0.62%) over the last 12 months.

Over the last year, there were 170 residential property sales – a decrease of 28 transactions (-16.47%) relative to the previous year. The majority of house sales (38) were in the £396,000 - £532,000 range. Then came properties in the £260,000 - £396,000 range, where 37 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 72 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-21,601 (-2%).

In May 2025, there were 53 new estate agency instructions, 38 agreed home sales and 35 property price reductions.

5-Year Average Property Prices in Penge

-3.02%

Property prices in Penge decreased by -3.02% 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

-0.62%

Property prices in Penge decreased by -0.62% 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.

Property Market Heat Gauge for Penge - May 2025

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 61 to 80 days, the broad evidence suggests a slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a market slowdown or a combination of both. In such scenarios, some vendors may either choose to wait for the market to pick up (which may result in some 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 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

Address	Initial Price	Sold Price	Price Change	First Listed Date	Sold Date	Days to Sell
5 Howard Road, London, Greater London, SE20 8HQ	£619,995	£610,000	-£9,995	24 Jul 2023	30 Jan 2025	556 Days
39 Crampton Road, London, Greater London, SE20 7AR	£700,000	£690,000	-£10,000	26 Sep 2024	17 Jan 2025	113 Days
48 Wiverton Road, London, Greater London, SE26 5HY	£950,000	£940,000	-£10,000	09 Sep 2024	14 Jan 2025	127 Days
23 Woodbastwick Road, London, Greater London, SE26 5LG	£875,000	£860,000	-£15,000	05 Mar 2024	10 Jan 2025	311 Days
59 Queen Adelaide Road, London, Greater London, SE20 7DX	£360,000	£360,000	£0	29 Jan 2024	09 Jan 2025	346 Days
28 Lucas Road, London, Greater London, SE20 7EE	£650,000	£630,000	-£20,000	13 Jun 2024	16 Dec 2024	186 Days
24 Frant Close, London, Greater London, SE20 8HS	£525,000	£525,000	£0	24 Jun 2024	10 Dec 2024	169 Days
64 Kingswood Road, Penge, London, Greater London, SE20 7BN	£850,000	£847,000	-£3,000	13 Jun 2024	09 Dec 2024	179 Days
130 Kent House Road, Beckenham, Greater London, BR3 1JY	£800,000	£780,000	-£20,000	04 Jun 2024	26 Nov 2024	175 Days
55 Avenue Road, London, Greater London, SE20 7RR	£600,000	£595,000	-£5,000	12 Jul 2024	21 Nov 2024	132 Days
114 Victor Road, London, Greater London, SE20 7JT	£650,000	£630,000	-£20,000	21 Jun 2024	31 Oct 2024	132 Days
4 Lennard Road, London, Greater London, SE20 7LL	£785,000	£775,000	-£10,000	13 May 2024	31 Oct 2024	171 Days
2 Parish Lane, London, Greater London, SE20 7LH	£475,000	£450,000	-£25,000	25 Jun 2024	25 Oct 2024	122 Days
22 Howard Road, London, Greater London, SE20 8HQ	£1,000,000	£955,000	-£45,000	27 Mar 2024	11 Oct 2024	198 Days
59 Wiverton Road, London, Greater London, SE26 5JB	£850,000	£830,000	-£20,000	21 Jun 2024	01 Aug 2024	41 Days
Flat 14, Fountain Court, Lawrie Park Road, London, Greater London, SE26 6EE	£475,000	£455,000	-£20,000	07 Mar 2024	19 Jul 2024	134 Days
28 Avenue Road, London, Greater London, SE20 7RY	£550,000	£542,500	-£7,500	12 May 2023	05 Jul 2024	420 Days
64 Byne Road, London, Greater London, SE26 5JD	£1,100,000	£1,060,000	-£40,000	20 Feb 2024	14 Jun 2024	115 Days
50 Wiverton Road, London, Greater London, SE26 5HY	£895,000	£860,000	-£35,000	12 Oct 2023	11 Jun 2024	243 Days
21 Princes Road, London, Greater London, SE20 7JN	£575,000	£575,000	£0	13 Nov 2023	03 Jun 2024	203 Days

Most Expensive Streets in Penge

Postcode	Street	Area	Average	No. of Sales
SE26 6AT	Davenant Place	Sydenham	£1,247,333	3
BR3 1JQ	Kent House Road	Beckenham	£1,224,014	7
SE26 5DT	Cator Road	Sydenham	£1,181,666	6
SE26 6FB	Foxmore Place	Sydenham	£1,180,000	5
BR3 1LU	Kings Hall Road	Beckenham	£1,172,666	3
BR3 1LL	Kings Hall Road	Beckenham	£1,136,400	5
BR3 1LN	Kings Hall Road	Beckenham	£1,127,500	4
BR3 1LT	Kings Hall Road	Beckenham	£1,118,600	5
SE26 6HH	Lawrie Park Crescent	Sydenham	£1,063,100	5
BR3 1QR	Lennard Road	Beckenham	£991,250	4

Least Expensive Streets in Penge

Postcode	Street	Area	Average	No. of Sales
SE20 7HU	Vickers Court	Parish Lane	£139,750	5
SE20 8HN	Maple Court	Blenheim Road	£188,333	3
SE20 7AB	Croydon Road	Penge	£210,500	5
SE20 7SS	Croydon Road	Penge	£235,071	7
SE20 7SA	Deverill Court	Avenue Road	£239,444	9
SE20 7RX	Avenue Court	Avenue Road	£254,208	6
SE20 7RZ	Deverill Court	Avenue Road	£254,738	3
SE20 8HZ	Carole House	Maple Road	£255,666	3
SE20 7EA	Queen Adelaide Court	Queen Adelaide Road	£257,750	4
SE20 8JZ	Readman Court	Jasmine Grove	£259,656	8