The average property value in Outer London is £567,692 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 Outer London grew by £57,284. Compare house prices by area
Average property prices in Outer London grew by 11.2% between the years ending June 2020 and June 2021. Between the years ending June 2011 and June 2021, property prices on average grew by 5.5% per year.
If prices in Outer London continue to rise by 5.5% a year, the average property price will be £702,997 in 2025.
The most expensive property values in Outer London are found in Richmond upon Thames, and the cheapest property values are found in Barking and Dagenham.
There were 53,717 property sales in Outer London in the year ending June 2021, an increase of 8,318 when compared to the previous year.
The average price for a house in Outer London ranges from £573,367 for a terraced house to £1,030,292 for a detached house, with semi-detached in between costing on average £629,983.
The average price for a flat or maisonette in Outer London is £373,080.
Price trends for small areas may be less statistically significant due to small sample sizes.
Of the property types in Outer London, 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 43.8% from £716,673 to £1,030,292, semi-detached house prices have risen 63.8% from £384,686 to £629,983, terraced house prices have risen 83.9% from £311,751 to £573,367, and flat prices have risen 65.1% from £226,034 to £373,080.
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The most common type of property sold in Outer London during the year ending June 2021 was terraced houses, which accounted for 34.4% of properties.
The least commonly available type of property sold in Outer London were detached houses, which account for 8.8% of properties sold.
Of the properties sold in Outer London during 2021, 2.6% were new build properties.
The average price paid for a new build property in Outer London was £93,807 lower than the average price paid for an existing property.
Of the new build properties sold, the most common type was flats (95% of new build properties sold). For existing properties, the most common type is terraced houses (36% of existing properties sold).
The most common price band for property sales in Outer London is £400k - £500k, which accounted for 15.4% of properties sold in 2021.
4.9% of properties in Outer London 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 Outer London were in the £50k - £100k price bracket, accounting for 0.1% of sales.
The cheapest property prices in Outer London are found in Barking and Dagenham, where the average cost of a property is £332,935. Between the years ending June 2020 and June 2021, property prices have changed by 3.4% in Barking and Dagenham (compared to 11.2% in Outer London)
The most expensive property values in Outer London are found in Richmond upon Thames, where the average property price is £908,677. Between the years ending June 2020 and June 2021, property prices have changed by 9.6% in Richmond upon Thames (compared to 11.2% in Outer London)
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