South Bank House Prices, London
South Bank House Prices
As of June, 2024, the average house prices in South Bank are as follows:
- studio – £712,500 (5.49%)
- 1 bedroom flat – £735,000 (-2.53%)
- 2 bedroom flat – £1,249,975 (-5.57%)
- 3 bedroom flat – £2,415,000 (-7%)
- 4 bedroom flat – £6,500,000 (14.16%)
- 5 bedroom flat – £7,500,000 (-10%)
Keep in mind that these are simply the average rates for South Bank 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 South Bank, let’s explore how sales are trending this year.
Selling Trends
- As of June, 2024, the average South Bank house price is £975,000, low by 0.25% as of £977,475 in May, 2024.
- Currently, there are 266 houses for sale and an average of 6 property sales per month. Demand in the real estate market is low, so that price may fall.
Check back next month for updated South Bank house prices.
South Bank House Prices Growth
The average house price in South Bank over the last 5 years is as follows:
- 2019-06 – £769,152
- 2020-06 – £752,032 (-2.23%)
- 2021-06 – £786,736 (4.61%)
- 2022-06 – £686,684 (-12.72%)
- 2023-06 – £643,451 (-6.3%)
- 2024-06 – £579,794 (-9.89%)
Sold house prices in South Bank have dropped from June, 2023 to June, 2024. Compared to June, 2019, house prices are now down 24%. 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 South Bank house prices, it’s also wise to keep an eye on house rent prices in South Bank. 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 South Bank.