Average Price for property in Penge is around £314,192 which varies based on type of property you are interested in and ranges from £606,123 for detached house to around £470,264 for semi-detached. Similarly terraced house is around £392,670 and a flat is worth £251,389. Values have been changing and have risen £1,893 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £6,247 in last 6 months, £35,046 in last 1 year, £67,106 in last 2 years, £76,182 in last 3 years, £77,297 in last 4 years and £85,207 in last 5 years.
Currently average asking price of a property in Penge is around £391,164 based on approximately 592 properties for sale. Same is the case with rental options based on 68 properties up for rent, average asking rent is around £1,039 per month.
Estimated property value in Penge is £314,192. Average asking price is £391,164 while average price paid is £279,990 which is up by £35,046 and Avg. asking rent £1,039.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 Penge area. In last 1 year alone average price buyer paid is around £279,990 based on approximately 592 sales in Penge area alone. If you compare it to last 3 years sales of 1,546 properties where buyers paid around £244,498. 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 £235,295 for 2,188 and average amount paid for purchase of approx. 2,820 properties sold in last 7 years comes to about £227,699 per sale.