The average property value in Newham is £450,500 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 Newham grew by £14,065. Compare house prices by area
Average property prices in Newham grew by 3.2% between the years ending June 2020 and June 2021. Between the years ending June 2011 and June 2021, property prices on average grew by 7.6% per year.
If prices in Newham continue to rise by 7.6% a year, the average property price will be £604,513 in 2025.
There were 1,874 property sales in Newham in the year ending June 2021, an increase of 288 when compared to the previous year.
The average price for a house in Newham ranges from £457,136 for a terraced house to £528,167 for a detached house, with semi-detached in between costing on average £504,083.
The average price for a flat or maisonette in Newham is £441,731.
Price trends for small areas may be less statistically significant due to small sample sizes.
Of the property types in Newham, flat 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 79.5% from £294,167 to £528,167, semi-detached house prices have risen 91.8% from £262,876 to £504,083, terraced house prices have risen 103.7% from £224,448 to £457,136, and flat prices have risen 124.1% from £197,081 to £441,731.
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The most common type of property sold in Newham during the year ending June 2021 was flats, which accounted for 53.1% of properties.
The least commonly available type of property sold in Newham were detached houses, which account for 0.5% of properties sold.
Of the properties sold in Newham during 2021, 7.5% were new build properties.
The average price paid for a new build property in Newham was £123,255 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 terraced houses (57% of existing properties sold).
The most common price band for property sales in Newham is £400k - £500k, which accounted for 18.4% of properties sold in 2021.
0.2% of properties in Newham 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 Newham were in the £50k - £100k price bracket, accounting for 0.1% 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