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Plumstead House Prices Plumstead House Prices

The average house price in Plumstead is £447,022 using HM Land Registry data.

The average property price increased by £87,901 (25.41%) over the last 5 years and increased by £17,568 (4.22%) over the last 12 months.

Over the last year, there were 174 residential property sales – a decrease of 75 transactions (-43.10%) relative to the previous year. The majority of house sales (46) were in the £400,000 - £450,000 range. Then came properties in the £350,000 - £400,000 range, where 40 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 95 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-9,053 (-1%).

In April 2024, there were 34 new estate agency instructions, 25 agreed home sales and 20 property price reductions.

Neighbouring Areas: East Wickham, West Heath, Abbey Wood, Shooter's Hill, Woolwich, Thamesmead

Postcodes Covered: SE18, SE2, SE28

5-Year Average Property Prices in Plumstead

25.41%

Property prices in Plumstead increased by 25.41% 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 Plumstead Over the Last Year

4.22%

Property prices in Plumstead increased by 4.22% 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 Plumstead - 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 Plumstead

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 Plumstead

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 Plumstead

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 Plumstead since 1995

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

Recent Property Sales in Plumstead

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
1 Heathfield Terrace, London, Greater London, SE18 2NW£250,000£240,000-£10,00029 Sep 202306 Feb 2024130 Days
48 Manton Road, London, Greater London, SE2 0JB£450,000£435,000-£15,00016 Sep 202326 Jan 2024132 Days
80 Palmerston Crescent, London, Greater London, SE18 2TS£400,000£396,000-£4,00001 Aug 202320 Dec 2023141 Days
4 Glendown Road, London, Greater London, SE2 0RJ£400,000£390,000-£10,00004 Sep 202318 Dec 2023105 Days
43 Albatross Street, London, Greater London, SE18 2SA£450,000£445,000-£5,00012 Sep 202315 Dec 202394 Days
75 Sladedale Road, London, Greater London, SE18 1PX£375,000£357,500-£17,50020 Jul 202311 Dec 2023144 Days
38 Tuam Road, London, Greater London, SE18 2QU£595,000£590,000-£5,00030 Aug 202306 Dec 202398 Days
41 Highmead, London, Greater London, SE18 2DH£425,000£419,999-£5,00116 Aug 202321 Nov 202397 Days
378 Plumstead High Street, London, Greater London, SE18 1JU£250,000£240,000-£10,00014 Feb 202310 Nov 2023269 Days
49 Plum Lane, London, Greater London, SE18 3AG£475,000£450,000-£25,00012 Jun 202306 Nov 2023147 Days
18 Glendown Road, London, Greater London, SE2 0RJ£500,000£495,000-£5,00008 Jun 202331 Oct 2023145 Days
51 Brookdene Road, London, Greater London, SE18 1EH£400,000£400,000£0006 Apr 202320 Oct 2023197 Days
63 Alliance Road, London, Greater London, SE18 2AZ£450,000£450,000£0005 Jul 202312 Oct 202399 Days
294 Wickham Lane, Abbey Wood, London, Greater London, SE2 0NY£400,000£390,000-£10,00004 May 202312 Oct 2023161 Days
5 South Rise Way, London, Greater London, SE18 7PG£375,000£370,000-£5,00001 Dec 202206 Oct 2023309 Days
90 Camdale Road, London, Greater London, SE18 2DS£525,000£510,000-£15,00005 May 202329 Sep 2023147 Days
158 Ancona Road, London, Greater London, SE18 1AB£575,000£550,000-£25,00005 Jun 202329 Sep 2023116 Days
91 Tewson Road, London, Greater London, SE18 1BB£450,000£449,999-£0125 May 202329 Sep 2023127 Days
49 Miriam Road, London, Greater London, SE18 1RF£400,000£395,000-£5,00004 May 202318 Sep 2023137 Days
58 Warland Road, London, Greater London, SE18 2EU£440,000£438,000-£2,00027 Mar 202315 Sep 2023172 Days

Most Expensive Streets in Plumstead

PostcodeStreetAreaAverageNo. of Sales
SE18 3AAIsla RoadLondon£618,5005
SE18 2QUTuam RoadLondon£579,9729
SE18 2QWMacoma RoadLondon£578,3333
SE18 2QLMacoma RoadLondon£570,4166
SE18 2RTPlumstead Common RoadLondon£564,45411
SE18 3HAVambery RoadLondon£560,8336
SE18 2QPMacoma RoadLondon£554,3754
SE18 3EYVernham RoadLondon£549,2504
SE18 2QREnnis RoadLondon£541,0004
SE18 3EXGenesta RoadLondon£523,3333

Least Expensive Streets in Plumstead

PostcodeStreetAreaAverageNo. of Sales
SE18 1JNPlumstead High StreetLondon£187,0005
SE18 2AFBlack Prince StreetLondon£211,95010
SE18 7QFGriffin RoadPlumstead£240,0003
SE18 2NWHeathfield TerraceLondon£243,3333
SE18 1EWBrookdene RoadLondon£244,9005
SE2 0RFGatling RoadLondon£252,0004
SE18 1BAOrchard RoadLondon£262,9166
SE18 1NTSaunders RoadLondon£263,3333
SE18 1PNPhilimore CloseLondon£264,5004
SE18 1PJTynemouth RoadLondon£270,0003

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