The average property value in Lambeth is £686,579 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 Lambeth grew by £1,802. Compare house prices by area
Average property prices in Lambeth grew by 0.3% between the years ending June 2020 and June 2021. Between the years ending June 2011 and June 2021, property prices on average grew by 6.4% per year.
If prices in Lambeth continue to rise by 6.4% a year, the average property price will be £880,483 in 2025.
There were 3,643 property sales in Lambeth in the year ending June 2021, an increase of 631 when compared to the previous year.
The average price for a house in Lambeth ranges from £958,862 for a terraced house to £1,678,170 for a detached house, with semi-detached in between costing on average £1,070,788.
The average price for a flat or maisonette in Lambeth is £545,105.
Price trends for small areas may be less statistically significant due to small sample sizes.
Of the property types in Lambeth, detached house prices have risen the most between the years ending 2011 and 2021, and semi-detached house prices have grown the least.
Detached house prices have risen 145.4% from £683,947 to £1,678,170, semi-detached house prices have risen 72.7% from £619,933 to £1,070,788, terraced house prices have risen 78.6% from £536,942 to £958,862, and flat prices have risen 88.7% from £288,885 to £545,105.
The most common type of property sold in Lambeth during the year ending June 2021 was flats, which accounted for 69.6% of properties.
The least commonly available type of property sold in Lambeth were detached houses, which account for 1.2% of properties sold.
Of the properties sold in Lambeth during 2021, 1.8% were new build properties.
The average price paid for a new build property in Lambeth was £212,489 higher than the average price paid for an existing property.
Of the new build properties sold, the most common type was flats (100% of new build properties sold). For existing properties, the most common type is flats (68% of existing properties sold).
The most common price band for property sales in Lambeth is £600k - £800k, which accounted for 13.1% of properties sold in 2021.
9.3% of properties in Lambeth 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 Lambeth were in the £100k - £150k price bracket, accounting for 0.3% 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