Story Highlights

• Lambeth in 2016 had total property sales of  £2.65 billions
• The total number of property sold in Lambeth 2016 was 4219
• The average sales price in Lambeth was £627 K and the median sales price was £500 K
• The sales value contributed by New Property was 11.43% where as Not New Property contributed 88.57%
• Stamp duty changes caused monthly spike in March
• Brexit coupled with Stamp Duty changes had significant decline of 14.5% in total sales value

Total Sales By Property Type

Lambeth is one of the Boroughs of Central London. It had total Property Sales of  £2.65 billions which was 10.71% of Central London Property Market 2016.

The split across the different property types are:

• Flat/Maisonette £1.52 billions (57.63%)
• Terraced £622 millions (23.51%)
• Other £262 millions (9.92%)
• Semi-Detached £199 millions (7.54%)
• Detached £37 millions (1.4%)

Year on Year Comparison : Compared to Lambeth Property Market 2015 in 2016

• All the property type had lower total sales compared to 2015

Lambeth Property Market at Postcode level

 For property market details at post code level please click on Postcode in the table above.

Month-wise Break-up of Total Sales

Stamp Duty Hike Impact

1. March had property sale spike of £446 millions  compared to £209 millions in Feb 
2. The impetus for it was to avoid the extra 3% in Stamp Duty Tax applicable on buying an additional home, being applicable from April 1 2016

Brexit Impact

1. Brexit took place on 23rd June 2016.
2. As can be observed from the month-wise break-up there does seem to have been some dip in property sales after Brexit 
3. Year on Year the property market for Lambeth has shown a decline of 14.51% over 2015

Total No Of Properties Sold By Property Type

The total number of property sold in Lambeth was 4219. It is split as:

• Terraced 716 (16.97%)
• Semi-Detached 206 (4.88%)
• Other 173 (4.1%)
• Flat/Maisonette 3095 (73.36%)
• Detached 29 (0.69%)

Year on Year Comparison : Compared to Lambeth Property Market 2015 in 2016

• Total sales volume has declined by 16.4 %
• All the property type had lower sales volume compared to 2015 except for others
• Other sales volume has shown growth of 84%

Average & Median Sales Price

In 2016 the Average property price was £627 K in Lambeth . The average price for the different property types are:

• Detached £1.28 millions
• Flat/Maisonette £492 K
• Other £1.52 millions
• Semi-Detached £967 K
• Terraced £868 K

The Median Price was £500 K. The median property price for the different property types are:

• Detached £1.03 millions
• Flat/Maisonette £460 K
• Other £500 K
• Semi-Detached £858 K
• Terraced £793 K

• Year on Year Comparison : Compared to Lambeth Property Market 2015  in 2016

  • All property types have had increase in average sales price except for other
  • All property types have had increase in median sales price 

New Vs Not New Property Statistics

By Value Of Sales

• Not New Property contributed £2.34 billions (88.57%)
• New Property £302 millions (11.43%) 

By Number Of Sales

• The number of Not New Property sold was 3686 (87.37%)
• The number of New Properties sold was 533 (12.63%) 

Year on Year Comparison : Compared to Lambeth Property Market 2015  in 2016

• New property market share in property market has gone up in 2016 over 2015

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