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Wanstead House Prices Wanstead House Prices

The average house price in Wanstead is £590,750 using HM Land Registry data.

The average property price increased by £196,499 (37.06%) over the last 5 years and increased by £39,272 (5.71%) over the last 12 months.

Over the last year, there were 292 residential property sales – a decrease of 127 transactions (-43.49%) relative to the previous year. The majority of house sales (65) were in the £300,000 - £482,000 range. Then came properties in the £482,000 - £664,000 range, where 63 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 128 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-21,818 (-3%).

In April 2024, there were 55 new estate agency instructions, 46 agreed home sales and 16 property price reductions.

Neighbouring Areas: Ilford, South Woodford, Leytonstone, Walthamstow, Manor Park, Stratford, Forest Gate

Postcodes Covered: E11, E12, E15, E18, E7, IG1, IG4

5-Year Average Property Prices in Wanstead

37.06%

Property prices in Wanstead increased by 37.06% 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 Wanstead Over the Last Year

5.71%

Property prices in Wanstead increased by 5.71% 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 Wanstead - 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 Wanstead

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 Wanstead

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 Wanstead

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 Wanstead since 1995

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

Recent Property Sales in Wanstead

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
12 Harpenden Road, London, Greater London, E12 5HJ£925,000£900,000-£25,00006 Oct 202326 Feb 2024143 Days
22 Elm Hall Gardens, London, Greater London, E11 2HX£1,200,000£1,125,001-£74,99918 Aug 202302 Feb 2024168 Days
130 Ramsay Road, London, Greater London, E7 9ER£600,000£553,000-£47,00006 Sep 202301 Feb 2024148 Days
137 Queenswood Gardens, London, Greater London, E11 3SG£365,000£365,000£0025 Aug 202324 Jan 2024152 Days
6 Wellesley Road, London, Greater London, E11 2HF£550,000£535,000-£15,00020 Jul 202319 Jan 2024183 Days
32 Belgrave Road, London, Greater London, E11 3QW£1,100,000£1,080,000-£20,00027 Jul 202315 Dec 2023141 Days
21 The Hollies, London, Greater London, E11 2SL£500,000£475,000-£25,00001 Aug 202313 Dec 2023134 Days
15 Lonsdale Road, London, Greater London, E11 2PH£750,000£710,000-£40,00002 Jul 202308 Dec 2023159 Days
18 The Hollies, London, Greater London, E11 2SL£475,000£445,000-£30,00001 Sep 202305 Dec 202395 Days
14 Argyle Road, London, Greater London, E15 1UJ£500,000£447,000-£53,00005 May 202330 Nov 2023209 Days
Flat 16, Hermitage Court, Woodford Road, London, Greater London, E18 2EW£375,000£360,000-£15,00011 Aug 202321 Nov 2023102 Days
Flat 29, Hermitage Court, Woodford Road, London, Greater London, E18 2EW£450,000£450,000£0016 May 202316 Nov 2023184 Days
38 Grosvenor Road, Wanstead, London, Greater London, E11 2EP£2,400,000£2,300,000-£100,00027 May 202310 Nov 2023167 Days
41 Worsley Road, London, Greater London, E11 3JL£550,000£533,000-£17,00020 Apr 202301 Nov 2023195 Days
61 Addison Road, London, Greater London, E11 2RG£950,000£915,000-£35,00003 May 202327 Oct 2023177 Days
40 Cambridge Road, London, Greater London, E11 2PN£875,000£873,000-£2,00010 May 202318 Oct 2023161 Days
139 Elmcroft Avenue, London, Greater London, E11 2BS£825,000£801,075-£23,92509 Nov 202212 Oct 2023337 Days
4 Ellesmere Close, London, Greater London, E11 1PT£985,000£937,000-£48,00012 Jul 202311 Oct 202391 Days
35 Tennyson Avenue, London, Greater London, E11 2QN£1,445,000£1,445,000£0019 Apr 202306 Oct 2023170 Days
65 Elmcroft Avenue, London, Greater London, E11 2BN£725,000£725,000£0021 Jan 202329 Sep 2023251 Days

Most Expensive Streets in Wanstead

PostcodeStreetAreaAverageNo. of Sales
E11 2NRSt Marys AvenueLondon£2,135,0003
E11 2LRThe Warren DriveLondon£1,807,5004
E11 2NTThe GreenLondon£1,763,3333
E11 2JURedbridge Lane WestLondon£1,371,2504
E11 2NJOverton DriveLondon£1,340,3577
E18 2BWHermitage CloseLondon£1,263,3333
E11 2LLLangley DriveLondon£1,260,3333
E11 2QNTennyson AvenueLondon£1,201,3889
E11 2LPOverton DriveLondon£1,182,8005
E11 2LXWarren RoadWanstead£1,132,0008

Least Expensive Streets in Wanstead

PostcodeStreetAreaAverageNo. of Sales
E11 2PSCambridge RoadLondon£174,19213
E11 2PEHolly RoadLondon£186,3333
E11 2UBCambridge ParkLondon£214,07520
E11 2UACambridge RoadLondon£218,55817
E11 3JSParamount HouseHigh Road Leytonstone£248,3333
E11 2QGHarley CourtBlake Hall Road£253,3333
E18 2BYWoodham CourtLondon£265,3333
E11 4GTOakum SquareLondon£267,0003
E11 2XANightingale LaneLondon£268,42313
E11 2FAGardner CloseLondon£277,90020

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