South Norwood House Prices, London
South Norwood is an area, located in the borough Croydon.
South Norwood House Prices
As of June, 2024, the average house prices in South Norwood are as follows:
- studio – £180,000 (-4.8%)
- 1 bedroom flat – £245,000 (-1.46%)
- 2 bedroom flat – £325,000 (-2.43%)
- 3 bedroom flat – £475,000 (-0.19%)
- 4 bedroom flat – £600,000 (-3.08%)
- 5 bedroom flat – £650,000 (-0.32%)
Keep in mind that these are simply the average rates for South Norwood 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 Norwood, let’s explore how sales are trending this year.
Selling Trends
- As of June, 2024, the average South Norwood house price is £360,000, low by 1.37% as of £365,000 in May, 2024.
- Currently, there are 250 houses for sale and an average of 20 property sales per month. Demand in the real estate market is low, so that price may fall.
Check back next month for updated South Norwood house prices.
South Norwood House Prices Growth
The average house price in South Norwood over the last 5 years is as follows:
- 2019-06 – £348,349
- 2020-06 – £347,233 (-0.32%)
- 2021-06 – £360,796 (3.91%)
- 2022-06 – £355,800 (-1.38%)
- 2023-06 – £382,057 (7.38%)
- 2024-06 – £375,237 (-1.79%)
Sold house prices in South Norwood have dropped from June, 2023 to June, 2024. Compared to June, 2019, house prices are now up 7%. Thus, if the trend continues, purchasing real estate in South Norwood in the current climate could be favourable, with the potential for an attractive profit in the future.
In addition to checking the average South Norwood house prices, it’s also wise to keep an eye on house rent prices in South Norwood. 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 Norwood.