For 2016 details - Lambeth Property Market 2016
Story Highlights
- Lambeth had total Property Sales of £3.1 billions in 2015.
- The total number of properties sold in year 2015 was 5045.
- The Average property price was £606 K in Lambeth, while Median was £450 K.
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Not New Property contributed £2.8 billions (91.3%) and New Property 266 millions (8.7%) giving combined total of £3.1 billions.
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The number of Not New Property sold was 4486 (88.92%), whereas the number of New Property sold was 559 (11.08%) giving combined total of 5045.
Total Sales By Property Type
Lambeth is one of the Boroughs of Central London. It had total Property Sales of £3.1 billions which was 10.92% of Central London Property Market 2015.
The split across the different property types are:
- Terraced £707 millions (13.81%)
- Semi-Detached £234 millions (5.41%)
- Other £340 millions (26%)
- Flat/Maisonette £1.72 billions (50.05%)
- Detached £56 millions (4.74%)
Total No Of Properties Sold By Property Type
In Lambeth the total number of properties sold in year 2015 was 5045. The breakdown by different property types are:
- Terraced 881 (17.46%)
- Semi-Detached 248 (4.92%)
- Other 94 (1.86%)
- Flat/Maisonette 3775 (74.83%)
- Detached 47 (0.93%)
Average & Median Sales Price
In 2015 the Average property price was £606 K in Lambeth . The average price for the different property types are:
- Detached £1.19 millions
- Flat/Maisonette £455 K
- Other £3.6 millions
- Semi-Detached £942 K
- Terraced £803 K
The Median Price was £450 K. The median property price for the different property types are:
- Detached £1 millions
- Flat/Maisonette £410 K
- Other £470 K
- Semi-Detached £803 K
- Terraced £720 K
New Vs Not New Property Statistics
By Value Of Sales
- Not New Property contributed £2.8 billions (91.3%)
- New Property 266 millions (8.7%) giving combined total of £3.1 billions.
By Number Of Sales
- The number of Not New Property sold was 4486 (88.92%)
- The number of New Properties sold was 559 (11.08%) giving combined total of 5045.
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