The average property value in Havering is £431,616 according to property sale data for the year ending June 2021 published by HM Land Registry. Between the years ending June 2020 and June 2021, property values in Havering grew by £29,794. Compare house prices by area
Average property prices in Havering grew by 7.4% between the years ending June 2020 and June 2021. Between the years ending June 2011 and June 2021, property prices on average grew by 5.4% per year.
If prices in Havering continue to rise by 5.4% a year, the average property price will be £532,810 in 2025.
There were 3,668 property sales in Havering in the year ending June 2021, an increase of 684 when compared to the previous year.
The average price for a house in Havering ranges from £392,474 for a terraced house to £685,390 for a detached house, with semi-detached in between costing on average £465,139.
The average price for a flat or maisonette in Havering is £250,703.
Price trends for small areas may be less statistically significant due to small sample sizes.
Of the property types in Havering, terraced house prices have risen the most between the years ending 2011 and 2021, and detached house prices have grown the least.
Detached house prices have risen 47.6% from £464,275 to £685,390, semi-detached house prices have risen 73.0% from £268,839 to £465,139, terraced house prices have risen 83.5% from £213,885 to £392,474, and flat prices have risen 55.2% from £161,564 to £250,703.
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The most common type of property sold in Havering during the year ending June 2021 was semi-detached houses, which accounted for 40.8% of properties.
The least commonly available type of property sold in Havering were detached houses, which account for 10.9% of properties sold.
Of the properties sold in Havering during 2021, 5.1% were new build properties.
The average price paid for a new build property in Havering was £183,023 lower than the average price paid for an existing property.
Of the new build properties sold, the most common type was flats (96% of new build properties sold). For existing properties, the most common type is semi-detached houses (41% of existing properties sold).
The most common price band for property sales in Havering is £300k - £400k, which accounted for 24.2% of properties sold in 2021.
1.0% of properties in Havering had a price over £1 million. For comparison, in England, 2.1% of property sales were priced at over £1 million.
The cheapest properties in Havering were in the £50k - £100k price bracket, accounting for 0.0% of sales.
Average property price
YoY change in price
Average Property Price
YoY CHANGE in PRICE
Source: Office for National Statistics licensed under the Open Government Licence v.3.0. Contains OS data © Crown copyright and database right 2021. Data sources: ONS Local statistics