Area Guide For Thamesmead

Thamesmead is a district of South East London, located within the London Borough of Greenwich and Bexley. Once known as the town of the twenty-first century, Thamesmead is a vast housing estate. Currently the area is partway through a multi-million pound investment programme to improve the area and expand its facilities; The Link Thamesmead for example is a new, £5m community centre that has been built out of nine, once dis-used arches under an elevated roundabout. The Link offers something for everyone including activities, opportunities and spaces for hire. In addition to this, the Sporting Club Thamesmead has also gained significant funding and now boasts a 3G floodlit pitch, a multi-use games area and when it opens next year, the centre will also offer an indoor multi-use room and function rooms for hire.


Thamesmead Map

Estimated Price: £273,023
Average Asking Price: £225,078
Price change in last one year: £23,739
Average Price Paid: £183,725
Average Rent Rates: £1,151


Property Prices Breakdown in Thamesmead

Average Price for property in Thamesmead is around £273,023 which varies based on type of property you are interested in and ranges from £392,170 for detached house to around £308,849 for semi-detached. Similarly terraced house is around £273,825 and a flat is worth £246,810. Values have been changing and have risen £1,715 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £5,324 in last 6 months, £23,739 in last 1 year, £48,223 in last 2 years, £57,950 in last 3 years, £60,636 in last 4 years and £68,042 in last 5 years.

Currently average asking price of a property in Thamesmead is around £225,078 based on approximately 428 properties for sale. Same is the case with rental options based on 83 properties up for rent, average asking rent is around £1,151 per month.

Estimated property value in Thamesmead is £273,023. Average asking price is £225,078 while average price paid is £211,254 which is up by £23,739 and Avg. asking rent £1,151.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 Thamesmead area. In last 1 year alone average price buyer paid is around £211,254 based on approximately 428 sales in Thamesmead area alone. If you compare it to last 3 years sales of 1,128 properties where buyers paid around £189,085. 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 £183,725 for 1,676 and average amount paid for purchase of approx. 2,364 properties sold in last 7 years comes to about £182,258 per sale.


Properties For Sale in Thamesmead


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 £172,500, £232,692 for a 2 bedroom house, £294,666 for a 3 bedroom house, £294,284 for a 4 bedroom house and £375,000 for a 5 bedroom house. For a flat similarly the prices varies from £142,199 for a single bedroom to £220,085 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £140,000 and £300,000 for a 4 bedroom flat. To sum up the asking prices for properties in Thamesmead it comes to around average £145,764 for 1 bedroom property, £223,896 for 2 bedroom, £284,999 for 3 bedroom, £294,999 for 4 bedroom and £375,000 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 £788 for 1 bedroom to £1,277 for 2 bedroom, £1,246 for 3 bedroom and £1,913 for 4 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £1,099. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £1,180. You should be generally be expecting around average £959 rent per month for single bedroom property, £1,209 for 2 bedroom, £1,246 for 3 bedroom and approximately £1,913 for 4 bedroom property in Thamesmead area.

Popular Houses in Thamesmead

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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