Bermondsey House Prices, London
Bermondsey is an area, located in the borough Southwark.
Bermondsey House Prices
As of June, 2024, the average house prices in Bermondsey are as follows:
- studio – £375,000 (15.18%)
- 1 bedroom flat – £435,000 (-1.61%)
- 2 bedroom flat – £625,000 (-5.03%)
- 3 bedroom flat – £825,000 (-7.32%)
- 4 bedroom flat – £1,100,000 (-16.35%)
- 5 bedroom flat – £1,400,000 (-13.85%)
Keep in mind that these are simply the average rates for Bermondsey house prices, so you can find quality properties for more or less than these numbers. In addition to this month’s sold house prices in Bermondsey, let’s explore how sales are trending this year.
Selling Trends
- As of June, 2024, the average Bermondsey house price is £550,000, low by 0% as of £550,000 in May, 2024.
- Currently, there are 1,515 houses for sale and an average of 30 property sales per month. Demand in the real estate market is low, so that price may fall.
Check back next month for updated Bermondsey house prices.
Bermondsey House Prices Growth
The average house price in Bermondsey over the last 5 years is as follows:
- 2019-06 – £655,215
- 2020-06 – £641,573 (-2.08%)
- 2021-06 – £641,289 (-0.04%)
- 2022-06 – £601,906 (-6.14%)
- 2023-06 – £595,173 (-1.12%)
- 2024-06 – £539,852 (-9.29%)
Sold house prices in Bermondsey have dropped from June, 2023 to June, 2024. Compared to June, 2019, house prices are now down 17%. Therefore, at the moment, you may be able to purchase real estate at a more favourable price than five years ago.
In addition to checking the average Bermondsey house prices, it’s also wise to keep an eye on house rent prices in Bermondsey. If you aren’t quite ready to buy or want to purchase an investment property, it’s a good idea to stay up-to-date on the latest rent rates!
Check back to HowToEstate soon for updated prices on renting, buying, and selling property in Bermondsey.