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Thamesmead House Prices

The average house price in Thamesmead is £350,000 using HM Land Registry data.

The average property price increased by £91,527 (33.17%) over the last 5 years and increased by £18,293 (5.24%) over the last 12 months.

Over the last year, there were 145 residential property sales – a decrease of 101 transactions (-69.66%) relative to the previous year. The majority of house sales (29) were in the £308,000 - £352,000 range. Then came properties in the £352,000 - £396,000 range, where 27 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 67 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-7,789 (-1%).

In April 2024, there were 53 new estate agency instructions, 21 agreed home sales and 26 property price reductions.

5-Year Average Property Prices in Thamesmead

33.17%

Property prices in Thamesmead increased by 33.17% 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 Thamesmead Over the Last Year

5.24%

Property prices in Thamesmead increased by 5.24% 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 Thamesmead - 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 Thamesmead

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 Thamesmead

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 Thamesmead

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 Thamesmead since 1995

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

Recent Property Sales in Thamesmead

Address	Initial Price	Sold Price	Price Change	First Listed Date	Sold Date	Days to Sell
1 Turnbury Close, London, Greater London, SE28 8QP	£470,000	£450,000	-£20,000	01 Aug 2023	26 Jan 2024	178 Days
Flat 28, Tideham House, Merbury Close, London, Greater London, SE28 0LW	£280,000	£280,000	£00	11 May 2023	05 Jan 2024	239 Days
134 Waterside Close, London, Greater London, SE28 0GS	£470,000	£445,000	-£25,000	19 Aug 2023	03 Jan 2024	137 Days
11 Nickelby Close, London, Greater London, SE28 8LX	£410,000	£405,000	-£5,000	09 Aug 2023	07 Dec 2023	120 Days
2 Hill View Drive, London, Greater London, SE28 0LH	£260,000	£256,500	-£3,500	31 May 2023	30 Nov 2023	183 Days
79 Epstein Road, London, Greater London, SE28 8DQ	£450,000	£440,000	-£10,000	14 Mar 2023	29 Nov 2023	260 Days
11 Delisle Road, London, Greater London, SE28 0JD	£450,000	£450,000	£00	03 Aug 2023	28 Nov 2023	117 Days
8 Crowden Way, London, Greater London, SE28 8HE	£450,000	£450,000	£00	16 May 2023	09 Nov 2023	177 Days
17 Nickelby Close, London, Greater London, SE28 8LX	£315,000	£315,000	£00	24 Oct 2022	08 Nov 2023	380 Days
21 Marathon Way, London, Greater London, SE28 0JJ	£275,000	£265,000	-£10,000	03 Jul 2023	01 Nov 2023	121 Days
27 Manor Close, London, Greater London, SE28 8EY	£200,000	£176,000	-£24,000	20 Apr 2023	27 Oct 2023	190 Days
74 Parkway, Erith, Greater London, DA18 4HH	£360,000	£350,000	-£10,000	15 May 2023	13 Oct 2023	151 Days
73 Manordene Road, London, Greater London, SE28 8EU	£375,000	£368,000	-£7,000	04 Jul 2023	28 Sep 2023	86 Days
50 Princess Alice Way, London, Greater London, SE28 0HQ	£226,000	£226,000	£00	21 Mar 2023	25 Sep 2023	188 Days
19 Miles Close, London, Greater London, SE28 0NJ	£300,000	£292,500	-£7,500	09 Feb 2023	31 Aug 2023	203 Days
14 Goosander Way, London, Greater London, SE28 0ER	£390,000	£390,000	£00	15 Apr 2023	30 Aug 2023	137 Days
23 Rushdene, London, Greater London, SE2 9RP	£370,000	£345,000	-£25,000	08 Mar 2023	23 Aug 2023	168 Days
11 Allenby Road, London, Greater London, SE28 0BF	£420,000	£418,000	-£2,000	28 Sep 2022	11 Aug 2023	317 Days
Flat 29, Osney House, Hartslock Drive, London, Greater London, SE2 9XA	£195,000	£185,000	-£10,000	10 Dec 2021	31 Jul 2023	598 Days
101 Redbourne Drive, Thamesmead, London, Greater London, SE28 8SQ	£250,000	£242,000	-£8,000	02 Nov 2022	27 Jul 2023	267 Days

Most Expensive Streets in Thamesmead

Postcode	Street	Area	Average	No. of Sales
SE28 0BF	Allenby Road	London	£434,333	3
SE28 0JQ	Battery Road	London	£433,333	3
SE28 0HL	Ware Point Drive	London	£423,333	3
SE28 0HX	Ridge Close	London	£420,666	3
SE28 0JD	Delisle Road	London	£418,333	3
SE28 8TH	Grasshaven Way	London	£410,000	3
SE2 9RP	Rushdene	London	£404,975	6
SE2 9DU	Swift Court	Tavy Bridge	£404,970	45
SE28 0BN	Allenby Road	London	£393,000	3
SE28 8QQ	Voyagers Close	London	£392,500	5

Least Expensive Streets in Thamesmead

Postcode	Street	Area	Average	No. of Sales
SE28 0FR	Thames Reach	London	£182,437	6
SE28 8QL	Fairway Drive	London	£196,666	3
DA18 4HA	Glimpsing Green	Erith	£199,200	5
SE28 8SQ	Redbourne Drive	London	£203,166	3
SE28 8PJ	Eastgate Close	London	£203,250	4
SE28 0NG	Charlesmere Gardens	Thames Reach	£209,700	5
SE28 8EY	Manor Close	London	£212,916	6
SE28 0PA	Long Acre House	Pettacre Close	£216,485	7
SE28 8EE	Tawney Road	London	£230,000	3
SE28 8LL	Bertrand Way	London	£230,826	3