Story Highlights

• Waltham Forest had total Property Sales of £1.46 billions in 2016
• The total number of properties sold in year 2016 was 3313
• The Average property price was £441 K while Median was £417 K
• Not New Property contributed 94.82% by value and New Property 5.18%
• Stamp duty changes caused monthly spike in March
• Brexit coupled with Stamp Duty changes have caused decline of 3.3% in 2016 over 2015

Waltham Forest is one of the Boroughs of East London. It had total Property Sales of £1.46  billions, which was 8.9% of East London Property Market 2016.

Total Sales By Property Type

 The split of £1.46 billions across the different property types are:

• Terraced £701 millions (47.99%)
• Flat/Maisonette £482 millions  (32.98%)
• Semi Detached £148 millions (10.14%)
• Other £103 millions (7.06%)
• Detached £27 millions (1.83%)

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

• All the property types have shown decline in sales except others.
• Others has shown growth of 19.76% year on year

Waltham Forest 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 £195 millions  compared to £115 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 not seem to have been significant dip in property sales in the immediate aftermath of Brexit 
3. Year on Year the property market for Waltham Forest has shown decline of 3.3% over 2015

Total Number Of Sales By Property Types

In Waltham Forest  the total number of properties sold in year 2016 was 3313. The breakdown by different property types are:

• Terraced 1399 (42.23%)
• Semi Detached 275 (8.3%)
• Other 125 (3.77%)
• Flat/Maisonette 1472 (44.43%)
• Detached 42 (1.27%)

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

• Total number of property sales in Waltham Forest has declined by 13.65% decline
• All property types have shown decline in number of properties sold except property type Other
• Other has shown significant increase of  155%.

Average & Median Sales Price

In 2016 the Average property price was £441 K in Waltham Forest. The average price for the different property types are:

• Detached £636 K
• Flat/Maisonette £327 K
• Other £825 K
• Semi-Detached £539 K
• Terraced £501 K.

The Median Price was £417 K. The median property price for the different property types are:

• Detached £635 K
• Flat/Maisonette £330 K
• Other £380 K
• Semi-Detached £515 K
• Terraced £490 K

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

• The average and median sales price across all property types have gone up except for others
• Other have shown decline in average and median sales price making the property for business/commercial purpose cheaper

New Vs Not New Property Statistics

By Value Of Sales

• Not New Property contributed £1.39 (94.82%)
• New Property  £76 millions (5.18%) 

  By Number Of Sales

• The number of Not New Property sold was 3121 (94.2%)
• The number of New Properties sold was 192 (5.8%) 

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

• New property market share in property market has remained fairly constant in 2016 over 2015

All London Posts