Camberwell Market Snapshot – March 2020
20th March 2020 posted in Sellers Buyers
If you are going to have some more free time on your hands, you want to use some of this time productively. There is a great deal to be said for relaxing and taking it easy, but if there are things you want to achieve in life, this may be an ideal way to prepare yourself for changes in the future.
If one of your ambitions for this year, or at some point in the next couple of years, is to buy a home or move home, you need to know the market. The cost and importance of arranging a mortgage and buying a home are such that there is no excuse for not making an informed decision. At Hunters Camberwell, we are pleased to say we know the local area, the local property market, and who is buying homes in the area.
Average house prices are very informative for buyers and vendors
The best starting point when considering a local property market is the prices of the area and surrounding areas. If you are only looking for guidance, or you are interested in one how area ranks alongside another, average house prices are informative and quite interesting. Okay, not everyone is as interested in house prices as the team here at Hunters Camberwell, but that’s okay, and we’re here to help you make the right decision when the time comes for you to move.
According to Land Registry and Dataloft sources, the average price paid for a flat or an apartment in Camberwell in the past 12 months is £443,446 while for a terraced property, the average price paid is £869,689. For a semi-detached property, the average price paid in Camberwell is £903,616, and for a detached property, the average price paid is £1,804,916.
Are you looking to compare Camberwell prices with Greater London sale prices?
For all these property types, the average price paid in Camberwell is higher than the average price paid in Greater London. Of course, the diversity of areas, and house prices, in Greater London means that this isn’t much of a comment without further analysis.
In data provided by Land Registry and Dataloft, the average price paid for a flat or an apartment in Greater London in the past 12 months is £428,830 while for a terraced property, the average price paid is £541,869. For a semi-detached property, the average price paid in Camberwell is £565,493, and for a detached property, the average price paid is £856,252.
Concerning movement in the property market, Land Registry and Dataloft sources indicate in the past 12 months, and there has been a 9.9% increase in average values in Camberwell. For Greater London, the growth has been just 0.8%.
Whether you are hoping to make a move soon, or you would like guidance on any property related issue, please get in touch with Hunters Camberwell. As a local estate agent who has the support of a national network, we are ideally placed to provide you with all the help and guidance you need to make an informed decision, so please contact us today.