The average property value in Southwark is £684,296 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 Southwark grew by £47,214. Compare house prices by area
Average property prices in Southwark 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 5.9% per year.
If prices in Southwark continue to rise by 5.9% a year, the average property price will be £859,663 in 2025.
There were 2,640 property sales in Southwark in the year ending June 2021, a decrease of 17 when compared to the previous year.
The average price for a house in Southwark ranges from £931,720 for a terraced house to £1,802,887 for a detached house, with semi-detached in between costing on average £1,271,257.
The average price for a flat or maisonette in Southwark is £524,300.
Price trends for small areas may be less statistically significant due to small sample sizes.
Of the property types in Southwark, terraced house prices have risen the most between the years ending 2011 and 2021, and flat prices have grown the least.
Detached house prices have risen 77.0% from £1,018,753 to £1,802,887, semi-detached house prices have risen 82.1% from £698,073 to £1,271,257, terraced house prices have risen 102.9% from £459,197 to £931,720, and flat prices have risen 57.5% from £332,901 to £524,300.
The most common type of property sold in Southwark during the year ending June 2021 was flats, which accounted for 67.7% of properties.
The least commonly available type of property sold in Southwark were detached houses, which account for 1.0% of properties sold.
Of the properties sold in Southwark during 2021, 3.2% were new build properties.
The average price paid for a new build property in Southwark was £69,185 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 (67% of existing properties sold).
The most common price band for property sales in Southwark is £300k - £400k, which accounted for 12.8% of properties sold in 2021.
9.2% of properties in Southwark 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 Southwark 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