For 2016 details - Lambeth Property Market 2016 

Story Highlights

• Lambeth had total Property Sales of  £3.1 billions in 2015.
• The total number of properties sold in year 2015 was 5045.
• The Average property price was £606 K in Lambeth, while Median was £450 K.

• Not New Property contributed £2.8 billions (91.3%) and New Property 266 millions (8.7%) giving combined total of £3.1 billions.

•  The number of Not New Property sold was 4486 (88.92%), whereas the number of New Property sold was 559 (11.08%) giving combined total of 5045.

Total Sales By Property Type

Lambeth is one of the Boroughs of Central London. It had total Property Sales of  £3.1 billions which was 10.92% of Central London Property Market 2015.

The split across the different property types are:

• Terraced £707 millions (13.81%)
• Semi-Detached £234 millions (5.41%)
• Other £340 millions (26%)
• Flat/Maisonette £1.72 billions (50.05%)
• Detached £56 millions (4.74%)

Total No Of Properties Sold By Property Type

 In Lambeth the total number of properties sold in year 2015 was 5045. The breakdown by different property types are:

• Terraced 881 (17.46%)
• Semi-Detached 248 (4.92%)
• Other 94 (1.86%)
• Flat/Maisonette 3775 (74.83%)
• Detached 47 (0.93%)

Average & Median Sales Price

In 2015 the Average property price was £606 K in Lambeth . The average price for the different property types are:

• Detached £1.19 millions
• Flat/Maisonette £455 K
• Other £3.6 millions
• Semi-Detached £942 K
• Terraced £803 K

The Median Price was £450 K. The median property price for the different property types are:

• Detached £1 millions
• Flat/Maisonette £410 K
• Other £470 K
• Semi-Detached £803 K
• Terraced £720 K

New Vs Not New Property Statistics

By Value Of Sales

• Not New Property contributed £2.8 billions (91.3%)
• New Property 266 millions (8.7%) giving combined total of £3.1 billions.

By Number Of Sales

• The number of Not New Property sold was 4486 (88.92%)
• The number of New Properties sold was 559 (11.08%) giving combined total of 5045.

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