Lambeth House Prices, London
Lambeth is a borough, located in London.
Lambeth House Prices
As of June, 2024, the average house prices in Lambeth are as follows:
- studio – £340,000 (1.33%)
- 1 bedroom flat – £400,000 (-3.22%)
- 2 bedroom flat – £535,000 (-3.71%)
- 3 bedroom flat – £700,000 (-10.91%)
- 4 bedroom flat – £1,000,000 (-4.1%)
- 5 bedroom flat – £1,500,000 (-17.43%)
Keep in mind that these are simply the average rates for Lambeth 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 Lambeth, let’s explore how sales are trending this year.
Selling Trends
- As of June, 2024, the average Lambeth house price is £575,000, high by 4.55% as of £550,000 in May, 2024.
- Currently, there are 5,619 houses for sale and an average of 130 property sales per month. Demand in the real estate market is low, so that price may fall.
Check back next month for updated Lambeth house prices.
Lambeth House Prices Growth
The average house price in Lambeth over the last 5 years is as follows:
- 2019-06 – £542,470
- 2020-06 – £555,448 (2.39%)
- 2021-06 – £577,470 (3.96%)
- 2022-06 – £571,231 (-1.08%)
- 2023-06 – £572,768 (0.27%)
- 2024-06 – £566,300 (-1.13%)
Sold house prices in Lambeth have dropped from June, 2023 to June, 2024. Compared to June, 2019, house prices are now up 4%. Thus, if the trend continues, purchasing real estate in Lambeth in the current climate could be favourable, with the potential for an attractive profit in the future.
In addition to checking the average Lambeth house prices, it’s also wise to keep an eye on house rent prices in Lambeth. 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 Lambeth.
Read more about Lambeth areas: Brixton, Clapham, Clapham Common, Crystal Palace, Gipsy Hill, Herne Hill, Kennington, Oval, South Bank, Stockwell, Streatham, Streatham Hill, Vauxhall, Waterloo, West Dulwich.