Area Guide For Lewisham

Lewisham is an inner city district in South East London, within the London Borough of Lewisham. Victorian and Edwardian homes range from small two bedrooms artisan houses in the Brookmill Road and adjoining St John’s conservation areas, to the terraces of unusual French baroque style houses in the Micheldever Road in the Lee Manor conservation area, all convincingly a suburban area located in Zone 2. The Council of Lewisham have ambitious plans to improve the Town Centre and with it two large regeneration schemes have brought more than 1,000 new homes to the area.


Lewisham Map

Estimated Price: £412,664
Average Asking Price: £379,662
Price change in last one year: £48,319
Average Price Paid: £296,472
Average Rent Rates: £1,314


Property Prices Breakdown in Lewisham

Average Price for property in Lewisham is around £412,664 which varies based on type of property you are interested in and ranges from £797,038 for detached house to around £557,831 for semi-detached. Similarly terraced house is around £466,911 and a flat is worth £299,812. Values have been changing and have risen £4,227 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £12,185 in last 6 months, £48,319 in last 1 year, £88,132 in last 2 years, £102,801 in last 3 years, £102,133 in last 4 years and £109,978 in last 5 years.

Currently average asking price of a property in Lewisham is around £379,662 based on approximately 1,043 properties for sale. Same is the case with rental options based on 254 properties up for rent, average asking rent is around £1,314 per month.

Estimated property value in Lewisham is £412,664. Average asking price is £379,662 while average price paid is £355,859 which is up by £48,319 and Avg. asking rent £1,314.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 Lewisham area. In last 1 year alone average price buyer paid is around £355,859 based on approximately 1,043 sales in Lewisham area alone. If you compare it to last 3 years sales of 3,041 properties where buyers paid around £313,754. 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 £296,472 for 4,567 and average amount paid for purchase of approx. 5,659 properties sold in last 7 years comes to about £289,073 per sale.


Properties For Sale in Lewisham


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 £350,000, £391,579 for a 2 bedroom house, £456,291 for a 3 bedroom house, £613,510 for a 4 bedroom house and £706,250 for a 5 bedroom house. For a flat similarly the prices varies from £260,638 for a single bedroom to £323,911 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £380,569 and £285,000 for a 4 bedroom flat. To sum up the asking prices for properties in Lewisham it comes to around average £261,814 for 1 bedroom property, £330,158 for 2 bedroom, £441,599 for 3 bedroom, £605,688 for 4 bedroom and £706,250 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 £729 for 1 bedroom to £1,114 for 2 bedroom, £1,612 for 3 bedroom and £1,965 for 4 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £1,139. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £1,334 and £1,500 for 3 bedroom. You should be generally be expecting around average £1,095 rent per month for single bedroom property, £1,315 for 2 bedroom, £1,581 for 3 bedroom and approximately £1,965 for 4 bedroom property in Lewisham area.

Popular Houses in Lewisham

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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