Crofton Park

Area Guide For Crofton Park

Crofton Park is a mainly residential suburb and electoral ward in the London Borough of Lewisham. t is an increasingly popular area  with excellent transport links into London, further improved by the extension of the East London line. It is particularly popular with young families due, in part to, its local amenities, parks and good schools. A notable landmark is the Rivoli Ballroom, a Grade 2 listed, 1950s dance hall. As for the housing stock in the area, you'll find mainly 2 or 3 bedroom Victorian houses or larger 1930s semi-detached houses.


Crofton Park Map

Estimated Price: £461,440
Average Asking Price: £463,943
Price change in last one year: £47,963
Average Price Paid: £340,719
Average Rent Rates: £1,271


Property Prices Breakdown in Crofton Park

Average Price for property in Crofton Park is around £461,440 which varies based on type of property you are interested in and ranges from £782,406 for detached house to around £620,372 for semi-detached. Similarly terraced house is around £530,869 and a flat is worth £339,289. Values have been changing and have risen £4,260 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £14,097 in last 6 months, £47,963 in last 1 year, £96,686 in last 2 years, £113,040 in last 3 years, £115,143 in last 4 years and £121,641 in last 5 years.

Currently average asking price of a property in Crofton Park is around £463,943 based on approximately 323 properties for sale. Same is the case with rental options based on 56 properties up for rent, average asking rent is around £1,271 per month.

Estimated property value in Crofton Park is £461,440. Average asking price is £463,943 while average price paid is £425,706 which is up by £47,963 and Avg. asking rent £1,271.Based on an Online Survey

Buyers are willing to pay high dollar prices to grab these properties because of the recent trend in real estate investment especially in Crofton Park area. In last 1 year alone average price buyer paid is around £425,706 based on approximately 323 sales in Crofton Park area alone. If you compare it to last 3 years sales of 1,051 properties where buyers paid around £366,437. It has been same for some time now for e.g. if you take an average of amount paid in last 5 years, it comes to around £340,719 for 1,654 and average amount paid for purchase of approx. 2,083 properties sold in last 7 years comes to about £326,473 per sale.


Properties For Sale in Crofton Park


Breakdown of asking prices for homes of different sizes show that price varies clearly based on no of bedrooms and type of house. Asking price for a house with 2 bedroom is around £416,655, £584,604 for a 3 bedroom house, £657,129 for a 4 bedroom house and £997,000 for a 5 bedroom house. For a flat similarly the prices varies from £298,523 for a single bedroom to £334,288 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £382,078 and £333,000 for a 4 bedroom flat. To sum up the asking prices for properties in Crofton Park it comes to around average £298,523 for 1 bedroom property, £353,296 for 2 bedroom, £531,107 for 3 bedroom, £616,612 for 4 bedroom and £997,000 for a 5 bedroom property.

Rent per calendar month varies similarly based on type and size of the house. If you look at the rents per month for houses alone it can vary from £611 for 1 bedroom to £1,599 for 3 bedroom, £2,401 for 4 bedroom and £2,498 for 5 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £1,019. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £1,361 and £1,629 for 3 bedroom. You should be generally be expecting around average £980 rent per month for single bedroom property, £1,361 for 2 bedroom, £1,624 for 3 bedroom, £2,401 for 4 bedroom and approximately £2,498 for a 5 bedroom property in Crofton Park area.

Popular Houses in Crofton Park

Disclaimer : Location real estate estimates and values are based on House price index background data and Sales data provided by United Kingdom Land registry Records available as public records from their website. This information is updated monthly on our website and may not reflect all public transactions. This information is based on estimated calculation generated from our developed algorithms. We are striving to make this information as accurate and useful as possible. This data covers the transactions received at Land Registry in the period 1/1/1995 to 9/1/2014. © Crown copyright 2014. Data produced by Land Registry © Crown copyright 2014.

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