South Lambeth

Area Guide For South Lambeth

South Lambeth is located in the northern part of the London Borough of Lambeth. Historically, the area was marshland, but gained popularity during the 19th century for its proximity to central London. Nowadays South Lambeth is heavily populated with residential and office properties and is known for its fantastic transport links into and around the inner City.


South Lambeth Map

Estimated Price: £744,994
Average Asking Price: £1,200,076
Price change in last one year: £84,648
Average Price Paid: £675,521
Average Rent Rates: £2,815


Property Prices Breakdown in South Lambeth

Average Price for property in South Lambeth is around £744,994 which varies based on type of property you are interested in and ranges from £1,251,780 for detached house to around £1,262,460 for semi-detached. Similarly terraced house is around £1,016,284 and a flat is worth £664,334. Values have been changing and have risen £777 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £7,954 in last 6 months, £84,648 in last 1 year, £155,397 in last 2 years, £204,326 in last 3 years, £233,245 in last 4 years and £233,081 in last 5 years.

Currently average asking price of a property in South Lambeth is around £1,200,076 based on approximately 284 properties for sale. Same is the case with rental options based on 145 properties up for rent, average asking rent is around £2,815 per month.

Estimated property value in South Lambeth is £744,994. Average asking price is £1,200,076 while average price paid is £1,236,851 which is up by £84,648 and Avg. asking rent £2,815.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 South Lambeth area. In last 1 year alone average price buyer paid is around £1,236,851 based on approximately 284 sales in South Lambeth area alone. If you compare it to last 3 years sales of 687 properties where buyers paid around £850,392. 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 £675,521 for 1,139 and average amount paid for purchase of approx. 1,494 properties sold in last 7 years comes to about £612,089 per sale.


Properties For Sale in South Lambeth


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 £704,165, £2,075,000 for a 2 bedroom house, £1,210,000 for a 3 bedroom house, £1,962,500 for a 4 bedroom house and £1,407,500 for a 5 bedroom house. For a flat similarly the prices varies from £713,685 for a single bedroom to £1,219,786 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £2,705,244 and £5,428,321 for a 4 bedroom flat. To sum up the asking prices for properties in South Lambeth it comes to around average £713,439 for 1 bedroom property, £1,236,128 for 2 bedroom, £2,514,362 for 3 bedroom, £4,361,915 for 4 bedroom and £1,407,500 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 £1,408 for 1 bedroom to £4,572 for 3 bedroom and £9,100 for 4 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £1,618. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £2,801, £4,908 for 3 bedroom and £8,775 for 4 bedroom. You should be generally be expecting around average £1,611 rent per month for single bedroom property, £2,801 for 2 bedroom, £4,838 for 3 bedroom and approximately £8,938 for 4 bedroom property in South Lambeth area.

Popular Houses in South Lambeth

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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