Average Price for property in Lambeth (London Borough) is around £612,203 which varies based on type of property you are interested in and ranges from £1,321,087 for detached house to around £951,911 for semi-detached. Similarly terraced house is around £782,201 and a flat is worth £455,942. Values have been changing and have risen £3,298 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £4,430 in last 6 months, £25,187 in last 1 year, £100,449 in last 2 years, £131,515 in last 3 years, £139,877 in last 4 years and £144,706 in last 5 years.
Currently average asking price of a property in Lambeth (London Borough) is around £788,072 based on approximately 3,873 properties for sale. Same is the case with rental options based on 2,177 properties up for rent, average asking rent is around £2,052 per month.
Estimated property value in Lambeth (London Borough) is £612,203. Average asking price is £788,072 while average price paid is £578,135 which is up by £25,187 and Avg. asking rent £2,052.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 (London Borough) area. In last 1 year alone average price buyer paid is around £578,135 based on approximately 3,873 sales in Lambeth (London Borough) area alone. If you compare it to last 3 years sales of 13,507 properties where buyers paid around £503,233. 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 £467,891 for 21,379 and average amount paid for purchase of approx. 3,873 properties sold in last 7 years comes to about £578,135 per sale.