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Southwark House Prices Southwark House Prices

The average house price in Southwark is £627,812 using HM Land Registry data.

The average property price decreased by £1,418,393 (--83.25%) over the last 5 years and decreased by £283,481 (--49.84%) over the last 12 months.

Over the last year, there were 123 residential property sales – a decrease of 70 transactions (-56.91%) relative to the previous year. The majority of house sales (39) were in the £350,000 - £540,000 range. Then came properties in the £540,000 - £730,000 range, where 26 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 75 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-31,998 (-3%).

In April 2024, there were 88 new estate agency instructions, 22 agreed home sales and 55 property price reductions.

Neighbouring Areas: Walworth, Elephant & Castle, Bermondsey, Waterloo & South Bank

Postcodes Covered: SE1

5-Year Average Property Prices in Southwark

-83.25%

Property prices in Southwark decreased by -83.25% 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 Southwark Over the Last Year

-49.84%

Property prices in Southwark decreased by -49.84% 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 Southwark - 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 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 Southwark

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 Southwark

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 Southwark

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 Southwark since 1995

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

Recent Property Sales in Southwark

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
Flat 13, Trinity House, Bath Terrace, London, Greater London, SE1 6PX£300,000£285,000-£15,00007 Dec 202217 Nov 2023345 Days
17 Isaac Way, London, Greater London, SE1 1EE£625,000£600,000-£25,00018 May 202314 Nov 2023180 Days
Flat 26, Devonshire House, Bath Terrace, London, Greater London, SE1 6PT£400,000£400,000£0029 Jun 202327 Oct 2023120 Days
4 Isaac Way, London, Greater London, SE1 1EE£625,000£617,000-£8,00024 Apr 202324 Oct 2023183 Days
Flat 40, Stephenson House, Bath Terrace, London, Greater London, SE1 6PR£375,000£361,000-£14,00019 Jun 202317 Oct 2023120 Days
Flat 42, Nashe House, Burbage Close, London, Greater London, SE1 4ET£380,000£375,000-£5,00028 Apr 202316 Oct 2023171 Days
Flat 7, Tabard House, Manciple Street, London, Greater London, SE1 4DL£425,000£407,000-£18,00011 Apr 202313 Oct 2023185 Days
Flat 5, Eynsford House, Crosby Row, London, Greater London, SE1 3YB£350,000£350,000£0024 Jul 202306 Oct 202374 Days
Flat 57, Balin House, Long Lane, London, Greater London, SE1 1YH£499,995£475,000-£24,99514 Mar 202327 Sep 2023197 Days
29 Potier Street, London, Greater London, SE1 4UX£585,000£570,000-£15,00023 Feb 202321 Aug 2023179 Days
46 Rothsay Street, London, Greater London, SE1 4UE£730,000£710,000-£20,00014 Oct 202215 Jul 2023274 Days
Flat 10, Eastwell House, Weston Street, London, Greater London, SE1 4DH£460,000£447,500-£12,50007 Feb 202305 Jul 2023148 Days
31 Isaac Way, London, Greater London, SE1 1EE£725,000£625,000-£100,00029 Nov 202230 Jun 2023213 Days
78 Rockingham Street, London, Greater London, SE1 6PG£440,000£421,000-£19,00013 Feb 202322 Jun 2023129 Days
64 Decima Street, London, Greater London, SE1 4QQ£475,000£470,000-£5,00009 Nov 202219 Jun 2023222 Days
Flat 9, Wrotham House, Law Street, London, Greater London, SE1 4XG£500,000£500,000£0006 Sep 202226 May 2023262 Days
1 Hulme Place, London, Greater London, SE1 1HX£1,250,000£1,202,500-£47,50022 Sep 202202 May 2023222 Days
Flat 98, Redman House, Lant Street, London, Greater London, SE1 1QW£450,000£435,000-£15,00005 Dec 202222 Mar 2023107 Days
Flat 45, Collinson Court, Great Suffolk Street, London, Greater London, SE1 1PA£500,000£492,850-£7,15010 Oct 202217 Mar 2023158 Days
7 Collinson Walk, London, Greater London, SE1 1PU£350,000£350,000£0008 Aug 202209 Mar 2023213 Days

Most Expensive Streets in Southwark

PostcodeStreetAreaAverageNo. of Sales
SE1 9GQBlackfriars RoadLondon£4,434,32520
SE1 9DSNew Globe WalkLondon£2,907,7779
SE1 9GJBlackfriars RoadLondon£2,402,0005
SE1 9RBUpper GroundLondon£1,992,1427
SE1 1ANHilary MewsLondon£1,661,2504
SE1 9FUHolland StreetLondon£1,647,0836
SE1 9NXHolland StreetLondon£1,599,1666
SE1 9GZHopton StreetLondon£1,420,0003
SE1 4QGWilds RentsLondon£1,400,6005
SE1 9DWVictor WharfClink Street, London£1,348,3333

Least Expensive Streets in Southwark

PostcodeStreetAreaAverageNo. of Sales
SE1 6DQNewington CausewayLondon£233,6663
SE1 6NYTelford HouseTiverton Street, London£288,3005
SE1 6QWLongridge HouseFalmouth Road£327,5003
SE1 0QBHelen Gladstone HouseNelson Square£350,7504
SE1 4ETNashe HouseBurbage Close£357,0003
SE1 6BWNewington CausewayLondon£360,3336
SE1 6PXTrinity HouseBath Terrace£361,8333
SE1 3YBEynsford HouseCrosby Row£363,3333
SE1 4LSOtford HouseStaple Street, London£366,0005
SE1 6PTDevonshire HouseBath Terrace£368,5007

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