Penge House Prices, London
Penge is an area, located in the borough Bromley.
Penge House Prices
As of June, 2024, the average house prices in Penge are as follows:
- studio – £189,950 (-12.94%)
- 1 bedroom flat – £275,000 (-1.25%)
- 2 bedroom flat – £390,000 (-2.13%)
- 3 bedroom flat – £550,000 (-0.8%)
- 4 bedroom flat – £750,000 (0.75%)
- 5 bedroom flat – £1,200,000 (-3.36%)
Keep in mind that these are simply the average rates for Penge 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 Penge, let’s explore how sales are trending this year.
Selling Trends
- As of June, 2024, the average Penge house price is £375,000, low by 2.6% as of £385,000 in May, 2024.
- Currently, there are 156 houses for sale and an average of 12 property sales per month. Demand in the real estate market is low, so that price may fall.
Check back next month for updated Penge house prices.
Penge House Prices Growth
The average house price in Penge over the last 5 years is as follows:
- 2019-06 – £385,098
- 2020-06 – £381,925 (-0.82%)
- 2021-06 – £393,418 (3.01%)
- 2022-06 – £386,448 (-1.77%)
- 2023-06 – £397,232 (2.79%)
- 2024-06 – £386,063 (-2.81%)
Sold house prices in Penge have dropped from June, 2023 to June, 2024. Compared to June, 2019, house prices are now unchanged. 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 Penge house prices, it’s also wise to keep an eye on house rent prices in Penge. 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 Penge.