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Rotherhithe House Prices Rotherhithe House Prices

The average house price in Rotherhithe is £567,166 using HM Land Registry data.

The average property price decreased by £20,607 (--3.6%) over the last 5 years and decreased by £4,118 (--0.74%) over the last 12 months.

Over the last year, there were 120 residential property sales – a decrease of 19 transactions (-15.83%) relative to the previous year. The majority of house sales (29) were in the £448,000 - £546,000 range. Then came properties in the £350,000 - £448,000 range, where 22 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 41 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-21,918 (-3%).

In April 2024, there were 42 new estate agency instructions, 20 agreed home sales and 16 property price reductions.

Neighbouring Areas: Canada Water, Bermondsey, Surrey Keys

Postcodes Covered: SE16

5-Year Average Property Prices in Rotherhithe

-3.6%

Property prices in Rotherhithe decreased by -3.6% 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 Rotherhithe Over the Last Year

-0.74%

Property prices in Rotherhithe decreased by -0.74% 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 Rotherhithe - 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 41 to 60 days, the broad evidence suggests that the market is reasonably slow moving. Although some sellers in your postcode may be willing to wait up to 9 weeks, this data would suggest that estate agents may be overvaluing properties. In such scenarios, some vendors may either choose to wait for the market to pick up (which may result in 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 Rotherhithe

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 Rotherhithe

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 Rotherhithe

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 Rotherhithe since 1995

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

Recent Property Sales in Rotherhithe

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
219 Rotherhithe Street, London, Greater London, SE16 5XW£740,000£720,000-£20,00012 Jun 202315 Mar 2024277 Days
18 Helena Square, London, Greater London, SE16 5XP£325,000£325,000£0018 Aug 202329 Feb 2024195 Days
5 Lovell Place, London, Greater London, SE16 6QQ£749,000£735,000-£14,00009 May 202326 Feb 2024293 Days
10 Timbrell Place, London, Greater London, SE16 5HU£525,000£520,000-£5,00008 Mar 202218 Dec 2023650 Days
25 Russia Dock Road, London, Greater London, SE16 5NL£900,000£828,000-£72,00022 Jun 202301 Dec 2023162 Days
8 Capstan Way, London, Greater London, SE16 5HG£275,000£265,000-£10,00014 Jul 202330 Nov 2023139 Days
9 Lavender Road, London, Greater London, SE16 5DZ£600,000£600,000£0019 Sep 202327 Nov 202369 Days
11 Hurley Crescent, London, Greater London, SE16 6AL£850,000£815,000-£35,00011 Oct 202324 Nov 202344 Days
36 Bywater Place, London, Greater London, SE16 5NE£550,000£535,000-£15,00019 Jul 202317 Nov 2023121 Days
26 Isambard Place, London, Greater London, SE16 7DA£550,000£519,000-£31,00002 Oct 202313 Nov 202342 Days
Flat 106, Basque Court, Garter Way, London, Greater London, SE16 6XE£475,000£470,000-£5,00018 Mar 202313 Oct 2023209 Days
Flat 6, Durell House, Wolfe Crescent, London, Greater London, SE16 6SN£325,000£315,000-£10,00027 Apr 202306 Oct 2023162 Days
Flat 24, Beech House, Ainsty Estate, London, Greater London, SE16 7DQ£450,000£445,000-£5,00002 May 202329 Sep 2023150 Days
Flat 3, Raleigh Court, Clarence Mews, London, Greater London, SE16 5GB£525,000£515,000-£10,00015 Mar 202329 Sep 2023198 Days
36 Frederick Square, London, Greater London, SE16 5XR£360,000£317,500-£42,50001 Jun 202218 Sep 2023474 Days
43 Buckters Rents, London, Greater London, SE16 6NA£850,000£830,000-£20,00001 Mar 202315 Sep 2023198 Days
39 Shipwright Road, London, Greater London, SE16 6QA£400,000£385,000-£15,00024 May 202313 Sep 2023112 Days
1 Timbrell Place, London, Greater London, SE16 5HU£475,000£460,000-£15,00025 Apr 202306 Sep 2023134 Days
93 Acorn Walk, London, Greater London, SE16 5DX£464,950£450,000-£14,95024 Feb 202329 Aug 2023186 Days
Flat 12, Quayside Court, Abbotshade Road, London, Greater London, SE16 5RG£475,000£459,000-£16,00014 Apr 202311 Aug 2023119 Days

Most Expensive Streets in Rotherhithe

PostcodeStreetAreaAverageNo. of Sales
SE16 5XHSovereign CrescentLondon£1,005,0003
SE16 6PAEleanor CloseLondon£974,3333
SE16 4JDElephant LaneLondon£912,7419
SE16 6ALHurley CrescentLondon£864,4005
SE16 6SFWolfe CrescentLondon£860,0004
SE16 5PFLeydon CloseLondon£805,6258
SE16 4NFRotherhithe StreetLondon£788,0005
SE16 6AYDock Hill AvenueLondon£781,6663
SE16 6QWSomerford WayLondon£750,0005
SE16 6RTHardy CloseLondon£729,3333

Least Expensive Streets in Rotherhithe

PostcodeStreetAreaAverageNo. of Sales
SE16 6XBAdelphi CourtGarter Way£279,6663
SE16 6QHVictory WayLondon£295,1254
SE16 6SSMonkton HouseWolfe Crescent£331,6663
SE16 7DHLarch HouseAinsty Estate£348,8005
SE16 5HBBryan HouseRotherhithe Street, London£353,4207
SE16 5SHBalmoral CourtKing & Queen Wharf£354,1254
SE16 4JXHope WharfLondon£372,5003
SE16 6AUBaltic CourtTimber Pond Road£378,3333
SE16 7DLAlbion EstateLondon£391,6663
SE16 5DXAcorn WalkLondon£398,3333

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