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Surrey Keys House Prices Surrey Keys House Prices

The average house price in Surrey Keys is £453,833 using HM Land Registry data.

The average property price increased by £42,327 (9.2%) over the last 5 years and increased by £8,460 (1.71%) over the last 12 months.

Over the last year, there were 63 residential property sales – a decrease of 20 transactions (-31.75%) relative to the previous year. The majority of house sales (17) were in the £478,000 - £562,000 range. Then came properties in the £310,000 - £394,000 range, where 16 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 80 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-24,792 (-3%).

In April 2024, there were 20 new estate agency instructions, 4 agreed home sales and 10 property price reductions.

Neighbouring Areas: Canada Water, Bermondsey, New Cross, Deptford, Rotherhithe

Postcodes Covered: SE16, SE8

5-Year Average Property Prices in Surrey Keys

9.2%

Property prices in Surrey Keys increased by 9.2% 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 Surrey Keys Over the Last Year

1.71%

Property prices in Surrey Keys increased by 1.71% 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 Surrey Keys - 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 Surrey Keys

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 Surrey Keys

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 Surrey Keys

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 Surrey Keys since 1995

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

Recent Property Sales in Surrey Keys

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
132 Brunswick Quay, London, Greater London, SE16 7PZ£835,000£825,000-£10,00007 Sep 202326 Jan 2024141 Days
Flat 6, Burrage Court, Worgan Street, London, Greater London, SE16 7WA£499,950£495,000-£4,95007 Jul 202316 Oct 2023101 Days
58 Plover Way, London, Greater London, SE16 7TT£550,000£535,000-£15,00019 Sep 202328 Sep 20239 Days
36 Rope Street, London, Greater London, SE16 7TE£425,000£411,000-£14,00003 Sep 202015 Sep 20231107 Days
Flat 56, Addy House, Rotherhithe New Road, London, Greater London, SE16 2PD£200,000£200,000£0012 Jul 202314 Sep 202364 Days
3 Norway Gate, London, Greater London, SE16 7TR£375,000£350,000-£25,00011 Aug 202318 Aug 20237 Days
56 Rope Street, London, Greater London, SE16 7TF£425,000£420,000-£5,00030 Mar 202310 Aug 2023133 Days
5 Cunard Walk, London, Greater London, SE16 7RH£625,000£617,500-£7,50028 Mar 202328 Jul 2023122 Days
78 Rope Street, London, Greater London, SE16 7TF£350,000£345,000-£5,00027 Sep 202219 Jul 2023295 Days
Flat 7, Buchanan Court, Worgan Street, London, Greater London, SE16 7WB£500,000£498,000-£2,00016 Dec 202230 Jun 2023196 Days
46 Rope Street, London, Greater London, SE16 7TE£850,000£825,000-£25,00019 Jan 202327 Jun 2023159 Days
Flat 10, Chamberlain Court, Silwood Street, London, Greater London, SE16 2AZ£450,000£435,000-£15,00003 Oct 201521 Jun 20232818 Days
8 Princes Court, London, Greater London, SE16 7TD£600,000£542,500-£57,50024 Nov 202209 Jun 2023197 Days
Flat 15, Chamberlain Court, Silwood Street, London, Greater London, SE16 2AZ£353,000£350,000-£3,00019 Jun 201405 May 20233242 Days
81 St Helena Road, London, Greater London, SE16 2QY£350,000£317,500-£32,50013 Apr 202313 Apr 20230 Days
77 Rope Street, London, Greater London, SE16 7TF£375,000£370,000-£5,00026 Oct 202210 Mar 2023135 Days
8 Trafalgar Close, Rotherhithe, London, Greater London, SE16 7RL£650,000£650,000£0003 Dec 202128 Jan 2023421 Days
77 Plover Way, London, Greater London, SE16 7TS£1,150,000£1,150,000£0029 Jul 202220 Jan 2023175 Days
21 Cunard Walk, London, Greater London, SE16 7RH£625,000£610,000-£15,00023 Aug 202212 Jan 2023142 Days
Flat 114, Tissington Court, Rotherhithe New Road, London, Greater London, SE16 2SD£280,000£160,000-£120,00018 Jul 202221 Dec 2022156 Days

Most Expensive Streets in Surrey Keys

PostcodeStreetAreaAverageNo. of Sales
SE16 7TSPlover WayLondon£976,0005
SE16 7RWGreenland QuayLondon£875,0004
SE16 7TZPlover WayLondon£830,0005
SE16 7TERope StreetLondon£779,10010
SE16 7FNPlough WayLondon£668,3333
SE16 2LSPlough WayLondon£662,8333
SE16 7RNGreenland QuayLondon£622,4005
SE16 7TBQueen Of Denmark CourtLondon£603,7508
SE16 7TTPlover WayLondon£580,9166
SE16 7TLSweden GateLondon£579,9878

Least Expensive Streets in Surrey Keys

PostcodeStreetAreaAverageNo. of Sales
SE16 7PLRussell PlaceLondon£271,0003
SE16 7HDOdessa StreetLondon£326,6666
SE8 5ATJohn Brent HouseHaddonfield£340,0003
SE16 2QXSt Helena RoadLondon£345,3333
SE8 5DRMelville CourtCroft Street, London£351,0717
SE16 2AXDebnams RoadLondon£353,1663
SE16 7FHTransom CloseLondon£356,20010
SE16 7WFElbourne CourtWorgan Street, London£363,3333
SE16 2NHTawny WayLondon£369,4163
SE16 7WHBoat Lifter WayLondon£371,1254

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