Story Highlights
- Lambeth in 2016 had total property sales of £2.65 billions
- The total number of property sold in Lambeth 2016 was 4219
- The average sales price in Lambeth was £627 K and the median sales price was £500 K
- The sales value contributed by New Property was 11.43% where as Not New Property contributed 88.57%
- Stamp duty changes caused monthly spike in March
- Brexit coupled with Stamp Duty changes had significant decline of 14.5% in total sales value
Total Sales By Property Type
Lambeth is one of the Boroughs of Central London. It had total Property Sales of £2.65 billions which was 10.71% of Central London Property Market 2016.
The split across the different property types are:
- Flat/Maisonette £1.52 billions (57.63%)
- Terraced £622 millions (23.51%)
- Other £262 millions (9.92%)
- Semi-Detached £199 millions (7.54%)
- Detached £37 millions (1.4%)
Year on Year Comparison : Compared to Lambeth Property Market 2015 in 2016
- All the property type had lower total sales compared to 2015
Lambeth Property Market at Postcode level
Postcode |
Coverage Area
|
Local Authority Area |
SE1 |
Bankside, South Bank, Lambeth (part), Southwark, Bermondsey (part), Vauxhall (part), Old Kent Road (part)
|
Lambeth, Southwark, City of London |
SE5 |
Camberwell, Denmark Hill, Peckham, Brixton (part) |
Southwark, Lambeth |
SE11 |
Kennington, Lambeth (part), Vauxhall (part) |
Lambeth, Southwark |
SE19 |
Upper Norwood, Crystal Palace |
Bromley, Croydon, Lambeth, Lewisham, Southwark |
SE21 |
Dulwich, Dulwich Village, West Dulwich, Tulse Hill (part) |
Lambeth, Southwark |
SE24 |
Herne Hill, Tulse Hill (part), Dulwich (part) |
Lambeth, Southwark |
SE27 |
West Norwood, Gipsy Hill (part) |
Lambeth |
SW2 |
Brixton, Brixton Hill, Streatham Hill, Tulse Hill, Clapham Park, Eastern parts of Balham |
Lambeth |
SW4 |
Clapham, Stockwell(part) |
Lambeth, Wandsworth |
SW8 |
South Lambeth, Vauxhall, Battersea (part), Wandsworth Road, Clapham (part), NW area of Stockwell |
Lambeth, Wandsworth |
SW9 |
Stockwell, Brixton (part), Clapham (part), Oval (part) |
Lambeth |
SW11 |
Battersea, Clapham South |
Lambeth, Wandsworth |
SW12 |
Balham, Clapham South, Wandsworth Common (part) |
Lambeth, Wandsworth |
SW16 |
Streatham, Streatham Common, Norbury, Thornton Heath, Streatham Park, Furzedown, Streatham Vale, Mitcham Common, Pollards Hill, Eastfields |
Croydon, Lambeth, Merton, Wandsworth |
For property market details at post code level please click on Postcode in the table above.
Month-wise Break-up of Total Sales
Stamp Duty Hike Impact
- March had property sale spike of £446 millions compared to £209 millions in Feb
- The impetus for it was to avoid the extra 3% in Stamp Duty Tax applicable on buying an additional home, being applicable from April 1 2016
Brexit Impact
- Brexit took place on 23rd June 2016.
- As can be observed from the month-wise break-up there does seem to have been some dip in property sales after Brexit
- Year on Year the property market for Lambeth has shown a decline of 14.51% over 2015
Total No Of Properties Sold By Property Type
The total number of property sold in Lambeth was 4219. It is split as:
- Terraced 716 (16.97%)
- Semi-Detached 206 (4.88%)
- Other 173 (4.1%)
- Flat/Maisonette 3095 (73.36%)
- Detached 29 (0.69%)
Year on Year Comparison : Compared to Lambeth Property Market 2015 in 2016
- Total sales volume has declined by 16.4 %
- All the property type had lower sales volume compared to 2015 except for others
- Other sales volume has shown growth of 84%
Average & Median Sales Price
In 2016 the Average property price was £627 K in Lambeth . The average price for the different property types are:
- Detached £1.28 millions
- Flat/Maisonette £492 K
- Other £1.52 millions
- Semi-Detached £967 K
- Terraced £868 K
The Median Price was £500 K. The median property price for the different property types are:
- Detached £1.03 millions
- Flat/Maisonette £460 K
- Other £500 K
- Semi-Detached £858 K
- Terraced £793 K
New Vs Not New Property Statistics
By Value Of Sales
- Not New Property contributed £2.34 billions (88.57%)
- New Property £302 millions (11.43%)
By Number Of Sales
- The number of Not New Property sold was 3686 (87.37%)
- The number of New Properties sold was 533 (12.63%)
Year on Year Comparison : Compared to Lambeth Property Market 2015 in 2016
- New property market share in property market has gone up in 2016 over 2015
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