New Eltham

Area Guide For New Eltham

New Eltham is an area of South East London, with parts inside the London Boroughs of Greenwich and Bexley. The housing stock is eclectic to say the least and ranges from the grandest of Victorian and Edwardian villas to stunning new build flats adjacent to Sutcliffe Park. Character cottage homes can be found on the Progress Estate near Well Hall.


New Eltham Map

Estimated Price: £393,707
Average Asking Price: £377,589
Price change in last one year: £45,359
Average Price Paid: £284,094
Average Rent Rates: £976


Property Prices Breakdown in New Eltham

Average Price for property in New Eltham is around £393,707 which varies based on type of property you are interested in and ranges from £518,278 for detached house to around £437,509 for semi-detached. Similarly terraced house is around £359,168 and a flat is worth £227,814. Values have been changing and have risen £3,839 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £11,888 in last 6 months, £45,359 in last 1 year, £78,519 in last 2 years, £91,740 in last 3 years, £94,280 in last 4 years and £100,366 in last 5 years.

Currently average asking price of a property in New Eltham is around £377,589 based on approximately 165 properties for sale. Same is the case with rental options based on 16 properties up for rent, average asking rent is around £976 per month.

Estimated property value in New Eltham is £393,707. Average asking price is £377,589 while average price paid is £329,999 which is up by £45,359 and Avg. asking rent £976.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 New Eltham area. In last 1 year alone average price buyer paid is around £329,999 based on approximately 165 sales in New Eltham area alone. If you compare it to last 3 years sales of 454 properties where buyers paid around £291,765. 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 £284,094 for 679 and average amount paid for purchase of approx. 877 properties sold in last 7 years comes to about £275,866 per sale.


Properties For Sale in New Eltham


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 £249,995, £376,902 for a 3 bedroom house and £504,166 for a 4 bedroom house. For a flat similarly the prices varies from £178,998 for a single bedroom to £233,333 for a 2 bedroom Flat. To sum up the asking prices for properties in New Eltham it comes to around average £178,998 for 1 bedroom property, £237,499 for 2 bedroom, £376,902 for 3 bedroom and £504,166 for 4 bedroom.

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 £525 for 1 bedroom to £1,148 for 2 bedroom, £1,421 for 3 bedroom and £1,798 for 4 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £802. You should be generally be expecting around average £571 rent per month for single bedroom property, £1,148 for 2 bedroom, £1,421 for 3 bedroom and approximately £1,798 for 4 bedroom property in New Eltham area.

Popular Houses in New Eltham

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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