Area Guide For Plumstead

Plumstead is a district of South East London, located in the Royal Borough of Greenwich. Plumstead is a multicultural area, seeing rapid growth in the 20th century with housing growth all over the area. Although it still retained large areas of green open land.


Plumstead Map

Estimated Price: £276,968
Average Asking Price: £260,713
Price change in last one year: £27,237
Average Price Paid: £198,791
Average Rent Rates: £937


Property Prices Breakdown in Plumstead

Average Price for property in Plumstead is around £276,968 which varies based on type of property you are interested in and ranges from £313,784 for detached house to around £304,469 for semi-detached. Similarly terraced house is around £286,257 and a flat is worth £207,888. Values have been changing and have risen £2,168 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £6,214 in last 6 months, £27,237 in last 1 year, £56,145 in last 2 years, £64,360 in last 3 years, £65,331 in last 4 years and £68,309 in last 5 years.

Currently average asking price of a property in Plumstead is around £260,713 based on approximately 301 properties for sale. Same is the case with rental options based on 51 properties up for rent, average asking rent is around £937 per month.

Estimated property value in Plumstead is £276,968. Average asking price is £260,713 while average price paid is £232,851 which is up by £27,237 and Avg. asking rent £937.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 Plumstead area. In last 1 year alone average price buyer paid is around £232,851 based on approximately 301 sales in Plumstead area alone. If you compare it to last 3 years sales of 857 properties where buyers paid around £207,313. 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 £198,791 for 1,338 and average amount paid for purchase of approx. 1,831 properties sold in last 7 years comes to about £195,190 per sale.


Properties For Sale in Plumstead


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 £258,332, £308,750 for a 3 bedroom house, £427,498 for a 4 bedroom house and £370,000 for a 5 bedroom house. For a flat similarly the prices varies from £172,300 for a single bedroom to £195,599 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £191,000. To sum up the asking prices for properties in Plumstead it comes to around average £172,300 for 1 bedroom property, £225,315 for 2 bedroom, £295,666 for 3 bedroom, £427,498 for 4 bedroom and £370,000 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 £515 for 1 bedroom to £1,106 for 2 bedrooms, £1,306 for 3 bedrooms, £1,675 for 4 bedrooms and £1,842 for 5 bedrooms house. But if you are interested in renting a 1 bedroom flat then rent per month can be around £836. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £1,610 and £1,450 for 3 bedroom. You should be generally be expecting around average £627 rent per month for single bedroom property, £1,386 for 2 bedroom, £1,349 for 3 bedroom, £1,675 for 4 bedroom and approximately £1,842 for a 5 bedroom property in Plumstead area.

Popular Houses in Plumstead

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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