Area Guide For Lambeth

Lambeth is a district in Central London, within the London Borough of Lambeth. Originally, Lambeth was nothing more than marshland, however, during the 19th century the region’s population boomed due primarily to its convenient location and easy transportation in and around The City. Lambeth has an equal amount of residential and office space, with many companies attracted to the area due to the lower rents that the area offers in comparison to the City, but still being within easy reach of the action.


Lambeth Map

Estimated Price: £684,718
Average Asking Price: £967,351
Price change in last one year: £63,537
Average Price Paid: £477,588
Average Rent Rates: £2,355


Property Prices Breakdown in Lambeth

Average Price for property in Lambeth is around £684,718 which varies based on type of property you are interested in and ranges from £1,301,300 for detached house to around £946,521 for semi-detached. Similarly terraced house is around £1,031,117 and a flat is worth £613,684. Values have been changing and have risen £4,776 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £16,004 in last 6 months, £63,537 in last 1 year, £132,010 in last 2 years, £162,556 in last 3 years, £154,193 in last 4 years and £181,669 in last 5 years.

Currently average asking price of a property in Lambeth is around £967,351 based on approximately 241 properties for sale. Same is the case with rental options based on 244 properties up for rent, average asking rent is around £2,355 per month.

Estimated property value in Lambeth is £684,718. Average asking price is £967,351 while average price paid is £565,206 which is up by £63,537 and Avg. asking rent £2,355.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 Lambeth area. In last 1 year alone average price buyer paid is around £565,206 based on approximately 241 sales in Lambeth area alone. If you compare it to last 3 years sales of 796 properties where buyers paid around £514,120. 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 £477,588 for 1,360 and average amount paid for purchase of approx. 1,831 properties sold in last 7 years comes to about £450,967 per sale.


Properties For Sale in Lambeth


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 1 bedroom is around £664,667, £1,758,909 for a 2 bedroom house, £1,986,997 for a 3 bedroom house, £1,326,250 for a 4 bedroom house and £1,591,667 for a 5 bedroom house. For a flat similarly the prices varies from £488,632 for a single bedroom to £938,783 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £1,793,878, £1,010,000 for a 4 bedroom flat and £1,650,000 for a 5 bedroom flat. To sum up the asking prices for properties in Lambeth it comes to around average £493,306 for 1 bedroom property, £987,812 for 2 bedroom, £1,845,606 for 3 bedroom, £1,220,833 for 4 bedroom and £1,606,250 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 £1,705 for 1 bedroom to £2,167 for 2 bedroom, £2,841 for 3 bedroom and £2,817 for 4 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £1,741. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £2,281, £4,185 for 3 bedroom and £2,726 for 4 bedroom. You should be generally be expecting around average £1,740 rent per month for single bedroom property, £2,275 for 2 bedroom, £4,076 for 3 bedroom and approximately £2,771 for 4 bedroom property in Lambeth area.

Popular Houses in Lambeth

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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